Articles Posted in the " Members Features " Category

  • Kenyan Saccos on the verge of joining national payment system

    Savings and credit co-operative societies in Kenya are set for integration into the mainstream of financial service providers, a development that could see commercial banks lose third-party businesses. An umbrella body of financial sector regulators has given the go-ahead for Saccos to lend money to each other through a Central Liquidity Facility (CLF). This is the first […]

  • KCB falls behind Equity in first quarter profit

    KCB Group, Kenya’s largest lender by assets, reported earlier this month profit after taxation for three months through March rose by a marginal 6.19 per cent to Sh4.63 billion, boosted by increased interest earnings. The bank’s profit, however, fell behind its main competitor Equity Bank whose net profit rose19.30 per cent to Sh5.13 billion, also […]

  • ECLOF Kenya providing unique products to SME’s

    By Titus Mbithi ECLOF Kenya, a microfinance institution (MFI) was incorporated in 1994 as a company limited by guarantee. The institution focuses on micro, small and medium entrepreneurs in provision of market-driven financial products and related non-financial services. ECLOF Kenya strongly ascribes to the tenets of both the social and financial impact, and would endeavour […]

  • Mobile credit reference service provides unique service to customers

    Global credit reference solution provider TransUnion launched a mobile-based credit reference service that enables Kenyans to conveniently access their credit information. TransUnion Nipashe is an SMS short code platform that provides consumers with accurate, up-to-date information about their credit rating. The mobile credit reference service comes against the backdrop of a rapidly growing micro-lending disbursed […]