Fuliza and KCB M-Pesa lower interest after Presidential intervention
Safaricom in conjunction with M-pesa services have today lowered loan interest rates. According to President William Ruto, Kenyan ordinary citizens are charged high rates on Fuliza and K.C.B M-Pesa.
President Ruto also urged the Kenya C.R.B to review and whitelist all 4 Million citizens on C.R.B. H.E Ruto said CRB has placed Kenyans at the mercy of shy-locks who manipulate their pockets.
Speking on the issue of mama mboga, Mr Ruto has promised Kenyans that his Manifeto will be 100% accomplished without any doubt.
“We will work with lenders to develop a financial product that will allow Mama Mboga to access credit at a single-digit interest rate the same way big firms do. 9
The Government commits to underwrite the risks that will come with it so that small enterprises can flourish and drive our growth.
At Norfolk Hotel in Nairobi County during a briefing by Safaricom, NCBA Bank and Kenya Commercial Bank; challenged them to think beyond financial inclusion to a more accessible and affordable credit model.” President William Ruto says.
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