Saturday 25 May 2013

All posts in Borrowing

Image: penfinancial.com

‘Swiping’ to Pay for Chewing Gum – Coming Soon to a Kiosk Near You

You will soon be able “swipe” to pay for a packet of peanuts at your local Kiosk. Equity Bank is prospecting to tap the billions of shillings passing though kiosk and retail shops by introducing a system that will allow consumers to pay for goods without using cash.

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salary advance

Before You Rush for That Salary Advance

It’s the 14th of January 2013, approximately 17 days to the end of the month. For those of us who are already broke, that salary advance looks quite

Banks still have their base lending rates at 20% as the CBR goes single digit (Image: Courtesy)

CBK Lowers Key Lending Rate to 9.5%

The Central Bank Kenya 's Monetary Policy Committee has today announced a base lending rate of 150 basis points to 9.5% from the 11% rate set in November.In

Image source: chinabiz.co.il

I&M Bank Will Cut Lending Rate to 18%

I&M Bank will drop its lending rate by 1.5% to 18%. According to the privately-owned financial institution, the drop will take effect in February 2013. This comes shortly

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M-Shwari vs Kopa Chapaa, The Bright Side

Financial services provision has in the last few years been a high scoring point for innovators and entrepreneurs all wanting to be part of the booming business. These

Eco2

Kenya Projects GDP Growth at 5.2% in 2012

The Central Bank of Kenya (CBK) has projected that Kenya's real Gross Domestic Product (GDP) will expand by 5.2% with Monetary Policy focusing on achieving and maintaining low

Money

Micro-Financiers Sign Credit Deal with Government

The government on Tuesday signed KES 600 million loan agreements with four Deposit Taking Microfinance institutions (DTMs). The funds given to the Kenyan government by the International Fund

CFC Stanbic Bank, West Gate (Image: Blogger Index)

CfC Stanbic Bank Will Cut Lending Rate to 17%

CfC Stanbic Bank will cut its lending rate to 17% from 19%, giving it one of the lowest lending rates of any bank in the country. The lender

KQ staff, Barclays Bank and Visa representatives at the launch

KQ Msafiri Visa Credit Card, What it offers

Kenya Airways and Barclays Bank of Kenya recently relaunched a co-branded credit card dubbed KQ Msafiri Visa Credit Card. The KQ Msafiri Visa Credit Card holders will benefit

Customers in a KCB Bank (Image; Courtesy)

KCB Slashes Base Lending Rate

KCB Bank has announced that it will be reducing its base lending rate effective in the new year. In a public statement via the Group's twitter page, the

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