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KCB Mpesa account loans starting from 24%pa
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Hot on the heels of MShwari and on the day James Mwangi announced fabulous results
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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M-Shwari with CBAAll loans 30 days at 90% pa Maximum amount of 100,000 Loan after depositing some money Default has your line frozen Fixed deposit interest at 6%pa for six months KCB Mpesa account30 day loan at 48%pa; 90 day loan for 36%pa; 180 day loan for 24%pa Maximum amount of 1m. Borrow right away Loan up to 1m Fixed deposit interest of 3%pa (1mnth) to 6%pa (12mnths) Happy family thus far... 
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Rank: Member Joined: 2/9/2012 Posts: 576
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Safaricom is very smart, allow all banks to lend via Mpesa, collect transaction fees and some fees through the agreement for infrastructure use. Note no Risk for Safaricom. Africa belongs to Africans.
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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If your appetite for soft loans is high you are dead meat with this one.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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If Equitel also comes into the picture guys are dead meat! There are guys who will be borrowing Mshwari.....pay using another loan from KCB.....and pay KCB with one from Equitel. Formally employed people often live their employers' dream & forget about their own.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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bird_man wrote:If Equitel also comes into the picture guys are dead meat!
There are guys who will be borrowing Mshwari.....pay using another loan from KCB.....and pay KCB with one from Equitel. mwanaume ni madeni na kubalance equations If Obiero did it, Who Am I?
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Rank: Member Joined: 8/19/2014 Posts: 125
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The only way KCB can succeed so well with the getting of deposits from mpesa is to get a spot in the mpesa menu instead of another USSD. They already had one where you can open an account etc... just get safaricom to place KCB Mpesa right below M-Shwari and people will no longer have to spend so much time on USSD which we never remember. I cant even remember the one for Pepea card. Humans are designed to follow the easiest route. I stack emergency funds on mshwari
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Swenani wrote:bird_man wrote:If Equitel also comes into the picture guys are dead meat!
There are guys who will be borrowing Mshwari.....pay using another loan from KCB.....and pay KCB with one from Equitel. mwanaume ni madeni na kubalance equations That is why we were finding X all through our learning time  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: User Joined: 1/20/2014 Posts: 3,528
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[quote=mugandaHappy family thus far... [/quote] Aish Makoma has aged like that over the years  .... anyway been about 20 years since we worked together Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 2/9/2012 Posts: 576
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bird_man wrote:If Equitel also comes into the picture guys are dead meat!
There are guys who will be borrowing Mshwari.....pay using another loan from KCB.....and pay KCB with one from Equitel. As time goes by, they will leverage on Credit Referencing Bureau’s info Africa belongs to Africans.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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KCB-M-PESA ALLIANCE!!!!!!!!!!!!!!!!Waaah!!!!!!!!!!!!!? You can borrow from Kes. 50 up to Kes. 1,000,000 and pay within a month to 6 months. Interest rate starts from as low as 2% (contrast to Msuruari 7.5% one off?)  RinkPortfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Already in discussion hereIf Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Here is not for borrowers but investors  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: New-farer Joined: 1/23/2015 Posts: 16 Location: mtandao
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2% per month, that's equivalent to 24% per annum Compounding
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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growing wrote:2% per month, that's equivalent to 24% per annum safcom is leading banks to be real shylocks,2% is 24% p.a very expensive to the educated but very cheap to the lay man "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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mlennyma wrote:growing wrote:2% per month, that's equivalent to 24% per annum safcom is leading banks to be real shylocks,2% is 24% p.a very expensive to the educated but very cheap to the lay man Consider the hussles you undergo in a normal process to prochiwa say a mere loan of Kes. 500,000? With this arrangement however you get this done on the comfort of your sofa set while watching cartoons and sipping bone soup. TIME VALUE OF MONEY!Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Impunity wrote:mlennyma wrote:growing wrote:2% per month, that's equivalent to 24% per annum safcom is leading banks to be real shylocks,2% is 24% p.a very expensive to the educated but very cheap to the lay man Consider the hussles you undergo in a normal process to prochiwa say a mere loan of Kes. 500,000? With this arrangement however you get this done on the comfort of your sofa set while watching cartoons and sipping bone soup. TIME VALUE OF MONEY! Do you even know the meaning of time value of money? If Obiero did it, Who Am I?
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Wakora muno muno muno.... Interest is charged upfront and loan amount sits with KCB until you transfer to mpesa. Very clever!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Othelo wrote:Wakora muno muno muno.... Interest is charged upfront and loan amount sits with KCB until you transfer to mpesa. Very clever!!! What else do you expect from banks? The opposite of courage is not cowardice, it's conformity.
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KCB Mpesa account loans starting from 24%pa
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