NAIROBI [url=http://www.teamraidersjerseys.com/]Raiders Kids Jersey[/url] , Sept. 26 (Xinhua) -- A Kenyan microfinance company onTuesday officially launched the first mobile-based loans andsavings product.
Maisha Microfinance Bank, in conjunction with Airtel Money, amobile money transfer service owned by telecom operator Airtel,launched the new mobile money solution that will enable customersto access loans in less than two minutes.
""Since we rolled out the product [url=http://www.teamraidersjerseys.com/]Raiders Youth Jersey[/url] , over 50,000 new accounts havebeen opened in the last one and a half weeks, out of which over20,000 clients have accessed loans [url=http://www.teamraidersjerseys.com/]Raiders Womens Jersey[/url] ,"" Maisha Microfinance Bank CEOIreneus Gichana said during the launch in Nairobi.
The product, named M-Fanisi, offers cash transfer from AirtelMoney to clients' account upon making a loan request and reverse ofthe same upon repayment.
There are 24 large microfinance institutions in Kenya thatprovide approximately 1.5 million U.S. dollars worth of loans toover 1.5 million active borrowers under different interest rates,duration and amounts.
Gichana said her bank receives over 2 [url=http://www.teamraidersjerseys.com/]Black Raiders Jersey[/url] ,000 applications dailyfrom people seeking to access loans.
Kenya has one of the highest financial inclusions in Africa,where the gap among unbankable members of the population hasnarrowed from 20 percent in 2006 to 17 percent in 2016. Enditem
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