• Latest
  • All
  • How To
KCB-M-Pesa Account Has 4 Million customers with Kshs. 4.2 Billion in Loans Issued

KCB-M-Pesa Account Has 4 Million customers with Kshs. 4.2 Billion in Loans Issued

November 9, 2015
Voter Verification Portal Offline Indefinitely for System Maintenance

IEBC Portal Shutdown for Undisclosed Maintenance Period

July 6, 2025
Infinix Note 50 Pro x Java House Collab

Infinix Teams Up with Java House to Launch Note 50 Pro Series

July 4, 2025
Instagram threads

Instagram Threads Rolls Out Direct Messaging in Major Feature Update

July 4, 2025
Infinix Hot 60i Pre-order

Infinix Hot 60i Now Available for Pre-Order in Kenya

July 4, 2025
DHgate Tablet Cases deals
Windows

Microsoft’s Windows Usage Slumps as Macs, Linux, and Mobile Take Over

July 4, 2025
Microsoft

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025
NASA

NASA Brings Space Missions to Netflix at No Extra Cost

July 3, 2025
ios 26-facetime

iOS 26 May Pause Video if You Start Undressing on FaceTime

July 3, 2025
apple iphone foldable

Apple Begins Testing Its First Foldable iPhone

July 3, 2025
Mobile Data

Kenya Draws More Tourists as Mobile Data Roaming Soars

July 3, 2025
Axian Telecom Considers Full Acquisition of Jumia

Axian Telecom Is Plotting a Full Buyout of Jumia

July 3, 2025
Cable TV

Kenya’s Cable TV Market Rebounds with 31.5% Growth

July 3, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

KCB-M-Pesa Account Has 4 Million customers with Kshs. 4.2 Billion in Loans Issued

Eric Wainaina by Eric Wainaina
November 9, 2015
in News
Reading Time: 2 mins read
259
0

KCB M-PESAIn March, KCB and Telco Safaricom partnered to launch the KCB M-pesa account, a facility aimed at increasing financial inclusion through savings as well as issuing loans through Safaricom’s mobile money service M-pesa.  The KCB-Mpesa account allows customers to get loans using their mobile phones with repayment periods ranging from  one month to six months at interest rates from as low as 2 per cent per month. Customers can also save using the account with two options of a fixed deposit account and a target savings account available.  In July, when announcing their half-year results, KCB said the service was now averaging Kshs. 130 million weekly in loans.

The Bank today held a press briefing where it announced Q3 results for the period ending September 30th 2015. The results highlighted the continued growth of its mobile banking platform which include KCB Mobi and KCB M-Pesa account. In the quarter, both platforms had been able to acquire nearly 6 million customers with 4.2 million customers on the  KCB M-pesa account while the KCB Mobi account had 1.5 million customers. The KCB M-Pesa platform had processed loans worth Kshs. 6  Billion with Kshs. 4.2 Billion in loans disbursed to borrowers.  The KCB Mobi platform has processed Kshs. 3 Billion in loans with Kshs. 1.7 Billion issued to various customers.

One interesting number to note is the range of the highest loan amounts borrowed by customers which is between Kshs. 1,000-20,000. 24% of customers on KCB M-Pesa platform borrow between Kshs. 5,000 and 10,000, 23.9% borrow between Kshs. 10,000 with 17.4% borrowing between Kshs. 2,500 and 5,000. A total of 1.8 million loans have taken place through the platform. Combining both the KCB Mobi and KCB M-Pesa platforms, Kshs. 9 Billion in loans have been processed with Kshs. 6 Billion  issued to customers as of September 30th.  KCB registered a pre-tax profit of Kshs. 19 Billion over this period.

Tags: KCB M-PESA
SendShare147Tweet92
Eric Wainaina

Eric Wainaina

Eric writes on business, govt policy and enterprise tech.

Related Posts

Fuliza

Safaricom Fuliza Revenue More Than Double the Profits From M-Shwari, KCB M-PESA at KES 2.8 Billion

November 12, 2021
Fuliza

NCBA and KCB To Use Respective Accounts, Including Mshwari and KCB M-PESA to Clear Fuliza Owed

October 16, 2021
safaricom

New Safaricom Charges for Calls, SMS, Data, Fuliza, and Home Fibre

July 19, 2021
Fuliza

Fuliza Revenue Overtakes KCB M-PESA, M-Shwari, Makes 4.5 Billion for Telco

May 13, 2021
KCB Group CEO

KCB CEO Oigara Hints Launch of Streamlined Loan Product with Safaricom

December 1, 2020
kcb half year results 2019

Kenyans Borrowed KES 98 Billion in 2019 from KCB M-PESA as the Bank Reports Impressive Financials

November 13, 2019

Latest

Voter Verification Portal Offline Indefinitely for System Maintenance

IEBC Portal Shutdown for Undisclosed Maintenance Period

July 6, 2025
Infinix Note 50 Pro x Java House Collab

Infinix Teams Up with Java House to Launch Note 50 Pro Series

July 4, 2025
Instagram threads

Instagram Threads Rolls Out Direct Messaging in Major Feature Update

July 4, 2025
Infinix Hot 60i Pre-order

Infinix Hot 60i Now Available for Pre-Order in Kenya

July 4, 2025
Windows

Microsoft’s Windows Usage Slumps as Macs, Linux, and Mobile Take Over

July 4, 2025
Microsoft

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

IEBC Portal Shutdown for Undisclosed Maintenance Period

July 6, 2025

Infinix Teams Up with Java House to Launch Note 50 Pro Series

July 4, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

NASA Brings Space Missions to Netflix at No Extra Cost

iOS 26 May Pause Video if You Start Undressing on FaceTime

Apple Begins Testing Its First Foldable iPhone

Kenya Draws More Tourists as Mobile Data Roaming Soars

Axian Telecom Is Plotting a Full Buyout of Jumia

Kenya’s Cable TV Market Rebounds with 31.5% Growth

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.