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MKESHO. Equity partnership with Mpesa
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Djagame
#11 Posted : Wednesday, May 19, 2010 6:17:53 AM
Rank: Member

Joined: 12/10/2008
Posts: 68
Location: Nairobi
@ Obiero, hope you have gone through the nitty gritty and will give us a rejoinder.

Forget about dominant players this will create behemoths.

I disagree with those saying other banks have a similar product as this is not a VALUE ADDED service to your account but an actual account with interest to boot. Stand to be coLLected.
"We do not inherit the earth from our ancestors, we borrow it from our children" Native American Proverb
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  | | Edit by user: Wednesday, May 19, 2010 6:48 AM | Reason: Not specified
Robinhood
#12 Posted : Wednesday, May 19, 2010 6:41:13 AM
Rank: Elder

Joined: 12/11/2008
Posts: 2,306
Once again EB and Safcom, lead the way in provision of banking services particularly to the unbanked. I wish other banks were this innovative.

Product charges 30/= for withdrawals, minimum balance Kshs 100, with micro insurance and micro lending components. Interest on balances is nothing to talk about, but no bank pays much in interest on deposits.

Great product I would say.
Great men are not always wise, neither do the aged understand judgement...
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  | | Edit by user: Wednesday, May 19, 2010 7:06 AM | Reason: Not specified
fuchu
#13 Posted : Wednesday, May 19, 2010 7:11:05 AM
Rank: Member

Joined: 6/30/2008
Posts: 63
Gordon Gekko wrote:
Again like I said before, KCB have had a similar product for a while, which I use. who will remember that KCB were the pioneers?


@GG. What account is this? I called KCB Call Center and a guy called Christian told me that they do not have an account that takes cash DEPOSITS through Mpesa. With Mkesho, I may have the product that I have been looking for.

Thanks to the Innovators!!!
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the deal
#14 Posted : Wednesday, May 19, 2010 7:25:12 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
EB must be careful...SCOM with its Mpesa is turning into a fully fledged bank....What if SCOM starts providing loans to the so called unbanked will JM smile..
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Jaguar
#15 Posted : Wednesday, May 19, 2010 7:34:51 AM
Rank: Member

Joined: 6/7/2007
Posts: 263
Location: humu humu
fuchu wrote:

@GG. What account is this?

click here
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bkismat
#16 Posted : Wednesday, May 19, 2010 7:46:40 AM
Rank: Elder

Joined: 10/23/2009
Posts: 2,375
Pole sana KCB. Came up with great innovation then did not give it enough PR. The product will forever be linked with EB.
It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
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majimaji
#17 Posted : Wednesday, May 19, 2010 8:06:23 AM
Rank: Veteran

Joined: 4/4/2007
Posts: 1,162

I think this m-kesho is revolutionary.

But some questions: what are the costs of transacting? eg if i want to deposit or transfer KES 100.00?

Secondly, those with other equity accounts, do they have to migrate to enjoy the benefits??

Per transaction, what goes to equity and safcom?
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winston
#18 Posted : Wednesday, May 19, 2010 8:16:52 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
Am watching the ticker to see EB price change!
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haiyaa
#19 Posted : Wednesday, May 19, 2010 8:18:21 AM
Rank: Member

Joined: 7/23/2008
Posts: 99
An exciting phenomenon indeed.Can wait to see how it will operate
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gathinga
#20 Posted : Wednesday, May 19, 2010 8:36:49 AM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
and with this product, MJ and JM have delivered a devastating blow to others who wish to bank on the bottom of the pyramid.....itsthe matter is now closed!
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