Coronavirus: KCB opens door to defaulters listed on CRBThe Kenya Commercial Bank and Safaricom have committed to support customers in financial distress, making available more affordable lending and cutting transaction costs on mobile as part of the measures to assist as the country grapples with the effects of the Coronavirus pandemic. The announcement, which follows a meeting hosted by President Uhuru Kenyatta will see KCB Bank set aside Sh30 billion in a stimulus fund for onward lending to KCB M-PESA customers during the next 90 days. The fund will allow for higher borrowing limits for qualifying customers and extended repayment periods for borrowers with existing facilities. “We stand with Kenyans and all our customers at this time as our country and the world grapples with the pandemic. Customers who need relief are advised to get in touch with us to work out the respective support areas,” said Oigara.

Source: Standard Digital March 20, 2020 12:56 UTC