Kenya: M-Pesa Dealers Set to Benefit From KCB Loans

20 February 2013

Safaricom has partnered with Kenya Commercial Bank to offer M-Pesa agents loans at 20 per cent interest, payable in 12 months.The bank has allocated Sh1.5 billion for the unsecured loan facility dubbed 'M-Pesa Agent mkopo na KCB'.

The agents can borrow six times their average commissions earned over a six month period, or a minimum of Sh50,000 and a maximum of Sh5 million.

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