CBA plans M-Shwari loan rate cut to fend off rivals
11 days ago, 15:34
Safaricom #ticker:SCOM and Commercial Bank of Africa (CBA) will cut the price of M-Shwari loans to defend market share now under attack from resurgent mobile loan firms.
Mr Awuondo said bad loans ratio for the micro loans is at an “acceptable” level.
Several lenders including Equity Bank #ticker:EQTY, KCB #ticker:KCB and Co-operative Bank of Kenya #ticker:COOP also offer mobile micro loans.
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peaking while officially finalizing the deal with Westgate Shopping Mall, British Airways Commercial Manager for Kenya, Kevin Leung said the Christmas promotion would provide great value for the Mall’ ...Category: business