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ECONOMY-FINANCE

"Ever Used Fuliza or Mshwari?" Here are the Multi-billion banks behind it.

Fuliza and Mshwari services are offered by safaricom plc to its customers. Many people using safaricom network have registered to this two monetary service sections available in the Simcards. To acquire the Fuliza services from your phone using safaricom network, the company chose the code *234# and which allows customers to select various options including check limit and opt out options.

  2 months ago ago

CAREER-JOBS

The Salary John Gachora Earns as CEO of Kenyatta's NCBA Bank.

John Gachora, Was appointed the Ceo of NCBA bank in mau 2019. Ncba bank was a unit that was created from the merger of NIC and CBA. These two banks, were owned by Philip ndegwa and Kenyatta Family. As a Ceo, Gachora is being paid a very good amount of money.

  1 month ago ago
The Salary John Gachora Earns as CEO of Kenyatta's NCBA Bank.

BUSINESS

M-Shwari and Fuliza Customers To Be Affected By New Changes.

Following changes made by NCBA and Safaricom M-Pesa to raise the M-Shwari credit limit from Ksh 500 to Ksh 2,000, those who cannot qualify for this new limit have been dropped to Fulizi service which is the daily overdraft service unlike M-Shwari which is the monthly loan. The aim of this was to reduce the M-Shwari defaults by customers who borrow little amount which is less than Ksh, 2,000. Let's look at the difference of M-Shwari and Fuliza services. M-Shwari is a loan with a fee of 7.5% while Fuliza is just

  1 year ago ago
M-Shwari and Fuliza Customers To Be Affected By New Changes.

BUSINESS

M-shwari unveils New Credit Qualifications

Photo Source: Facebook Borrowers who have been borrowing lower amounts of money will not be able to access Mshwari loan services. Safaricom has increased the loan limit of Mshwari to a minimum of kshs 2000. According to NCBA, this will be effective as from next Monday. However, those wishing to borrow less than two thousands will be able to get the service on Fuliza, which is a daily overdraft service. The new credit limit is already being communicated to safaricom subscribers. “M-Shwari serves the critical

  1 year ago ago
M-shwari unveils New Credit Qualifications

BUSINESS

Good News for Mshwari customers amid the Covid-19 Pandemic in Kenya

The Kenyan people are receiving good news amid the Coronavirus pandemic that has affected the whole world. This was after the Government announced certain measures to manage the socio-economic impact of coronavirus (COVID-19), in the country.Some private business have also come on board to support the government.  NCBA Group and Safaricom have introduced various measures to offer financial relief to their Mshwari customers.From Friday, and for the next 30 days, all M-Shwari late payment sanctions includin

  1 year ago ago
Good News for Mshwari customers amid the Covid-19 Pandemic in Kenya

BUSINESS

'No More Mshwari Loans Below 2,000 Shillings'

In these very hard economic times in the country, many Kenyans and small businesses have been relying heavily on small digital loans to survive. Things got worse when the main digital lending applications in Kenya were denied access to Credit Recovery Bureau's (CRB) credit ratings as it was deemed that they were using the ratings to deny loans to Kenyans. John Gachora, MD NCBA Bank This led to the suspension of several lending services from apps like Tala. The remaining rescue was Mshwari loans and Fuliza Mpesa

  1 year ago ago
'No More Mshwari Loans Below 2,000 Shillings'

BUSINESS

Why End of Lockdown Will Be Bad News to Loan Defaulters

Listing of loan defaulters by CRB was suspended indefinitely to cushion borrowers against the effects of Covid-19. Some mobile lending platforms like Mshwari suspended listing of their customers for 3 months. This period is expected to end by the end of this month. He also advised the customers to be careful on how they treat this plan of cushioning them as it is definitely something that will affect future financial relationships. “We would like to urge customers to be responsible with the credit solutio

  1 year ago ago
Why End of Lockdown Will Be Bad News to Loan Defaulters

BUSINESS

Fresh Details Emerge On Who Can Continue Accessing Mshwari Loans

John Gachora Photo courtesy Kenyans have been accessing M-Shwari loans at a cheap rate of 7.5 percent. This has helped Kenyans to run their daily activities easily. Unfortunately, Mshwari has made new move that will lock out some customers from accessing Mshwari loans, they will will be pushed to another facility that requires them to pay more. According to business Daily, customers who access Mshwari loans of 2000 shillings and below will be pushed to Fuliza Mpesa. According to the Business Daily,NCBA Group

  1 year ago ago
Fresh Details Emerge On Who Can Continue Accessing Mshwari Loans

BUSINESS

Good News to M-shwari Users

The NCBA in collaboration with safaricom have raised the minimum loan size four times higher.The minimum loan limit will now be Ksh 2000.The changes took effect on Monday and they have already started communicating with custormers that use the mobile loan app about the new changes. The action was taken because of customers who take smaller amounts and default to pay.The action is prompted to reduce the rate at which people taking small amounts and not paying.Those who do not qualify for the loan are forced to

  1 year ago ago
Good News to M-shwari Users

BUSINESS

Corona Hits Business as Local Bank Closes a Total of 14 Branches

Coronavirus pandemic will continue to cause harm and will go a long way to recover. Many employers are closing businesses leaving a large number of people jobless. There has been discussions wether to open the economy or not, but the in the background, economies are no doubt crippling. Newly formed NCBA bank group Chief Executive Officer Mr John Gachora (left) when two banks joined. CBA and NIC joined in October last year. Photo, NCBA. A few days after the NCBA bank was formed in 2019 October, things have s

  1 year ago ago
Corona Hits Business as Local Bank Closes a Total of 14 Branches

ECONOMY-FINANCE

Fuliza and Mshwari to Get an Extra Boost of Sh10bn each From Giant Company NCBA Bank

The merger between NIC Group and Commercial Bank of Africa (CBA) to form the new parent company NCBA Group Inc. has been greatly received by stakeholders as they have cemented their position among other banks. Speaking during an opening ceremony of the NCBA Nyeri bank branch, Managing director John Gachora stated that the bank will be adding more funds to the Fuliza and Mshwari owned by Safaricom PLC in an effort to loan cash to consumers to grow their businesses.

  4 months ago ago
Fuliza and Mshwari to Get an Extra Boost of Sh10bn each From Giant Company NCBA Bank

BUSINESS

M-shwari Users Have a Reason to Smile After The Platform Makes The Following Move

photo: kahawatungu M-shwari users have a reason to smile after the platform announced that it has raised its minimum loan amount from Kshs. 500 to Kshs. 2000. According to the platform which is co-owned by NCBA bank and Safaricom, users in need of loans lower than the new minimum (2000 shillings) will have to use the Fuliza overdraft services. Speaking to Business Daily, NCBA bank's Managing Director John Gachora acknowledged the role played by M-shwari in the credit industry, and claimed lower credit demands

  1 year ago ago
M-shwari Users Have a Reason to Smile After The Platform Makes The Following Move

BUSINESS

Blow For Kenyans Who Rely on M-Shwari For Loans as Safaricom, NCBA Disagree on Loan Fee

Kenyans who rely on M-Shwari loan have been dealt a huge blow after Safaricom's good plan for them is challenged by NCBA group NCBA group together with Kenya's largest telecommunication company Safaricom are behind the widely used M-Shwari. M-Shwari is used by many Kenyans across the country because of its short process of getting loans that do not require guarantors and such stuff that make the process of getting a loan long. M-Shwari also offers its members a platform to save their money and earn interests.

  1 year ago ago
Blow For Kenyans Who Rely on M-Shwari For Loans as Safaricom, NCBA Disagree on Loan Fee

BUSINESS

Top 5 Highest Paid Chief Executive Officer's (CEO's) In Kenya

Top 5 Highest Paid Chief Executive Officer's (CEO's) In Kenya. Nariobi Kenya, 19th November 2020. There are some of the highest paid corporate leaders in Kenya and these chief executive officer's do lead some of the biggest organizations or firm's in the country and their success is the success of the organization too and therefore more more money for them. Below is a comprehensive list of some of the highest paid Chief executive officer's in the country. 1) Gideon Muriuki He is the chief executive officer of

  1 year ago ago
Top 5 Highest Paid Chief Executive Officer's (CEO's) In Kenya

BUSINESS

They Stole 300,000 Ksh From My Account - Kenyan Bank On Spot As Hundreds Cry Foul Of Theft

NCBA Bank Kenya PLC designate chairman Isaac Awuondo and group MD John Gachora. All Photos | Courtesy. A Kenyan Bank to be precise the third-largest, has been put on the spot for allegedly stealing their clients' money. Yesterday, a huge number of consumers who have and operate accounts with NCBA Bank Kenya, raised very worrying concerns of losing money in their savings accounts. Taking it to Twitter, one of their prospects expressed her disappointment as she sought help from netizens to see her message conveyed

  1 year ago ago
They Stole 300,000 Ksh From My Account - Kenyan Bank On Spot As Hundreds Cry Foul Of Theft