">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Tuesday, January 26, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Business

KCB & Safaricom Launch [email protected] to Give Loans to SME’s & Bring Them Online

Sam Wakoba by Sam Wakoba
7 years ago
in Business, Mobile, Startups, Tech
6 min read
0

10385313_10154339436995084_6108730705701491422_nSMEs in Kenya employ up to 80 percent of the population and account for 92 percent of all new jobs that are created and contribute up to 45 percent of the Gross Domestic Product.

In a move to make business for them easier and more convenient, KCB Group and Safaricom launched a one-stop-solution platform dubbed [email protected] Smart, to give SME’s unsecured loans and get them on online with ease. The deal will see SMEs pay as little as KES 500 to get a website, email addresses and a quick loan to grow their businesses.

Safaricom will give the SMEs will be offered Zidisha Biashara, Biashara Smart Classifieds, Biashara Tips and OneConnect Express which complement the existing offerings such as Cloud Software as a Service (Cloud SaaS) which offers human resources, accounting and payroll applications online to SME’s, saving them the cost of buying the software, as well as domain hosting and professional email services.

On the other hand, KCB Group wil give the SME’s flexible financial products and services among them advisory services, KCB SME Banking, competitively-priced KCB SME Loans, insurance, online banking registration, pre-paid cards and credit cards which will help unlock the potential of the entrepreneurs in the rural and urban areas to scale up and grow.

“[email protected] Smart is the Safaricom Business and KCB Group’s brand promise which seeks to identify with, empower, connect and grow SMEs in Kenya, through partnerships, befitting propositions and empowerment,” said Safaricom’s Chief Executive Officer, Bob Collymore, during the launch.

He added, “Today’s launch marks the beginning of a journey in which we are also going to facilitate capacity building initiatives, preferential propositions and loyalty programmes that will radically transform how SME’s do business. We will soon launch Biashara Tips and Biashara Club, which will open up networking and new business opportunities for SME’s”.

READ  CEO Weekends: Business managers should take ownership of tech

According to the KCB Group CEO, Mr. Joshua Oigara, ‘ [email protected] Smart is a game-changer for the market given that the SME sector employs 7.5 million people and accounts for 80% of the employment market while contributing over 92% of the new jobs created annually according to the Kenya National Bureau of Statistics. We recognize that SMEs are the engine of the Kenyan economy. [email protected] is a business proposition that helps businesses run efficiently and professionally while offering them tools and financial access that will help them achieve their business goals”.

Related posts

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021
0

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021
0

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0
aimbot -8

UNDP Gifts Kenya With Robots That Will Aid In Fighting COVID-19

January 26, 2021
0

This is not KCB’s and Safaricom’s first similar agreement. The two firms  previously unveilled KCB M-Benki, a mobile banking platform for KCB account holders. The two also facilitated a KSh1.5 billion unsecured loan facility to finance operations of M-PESA agents.

This launch in some way eats into Kopo Kopo’s Grow with Us loan facility for SMEs.

Readers 6,149

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Sam Wakoba

Sam Wakoba

Taking you on tour through Africa's tech ecosystem, one startup at a time! [email protected]

Related Posts

Tech

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021
0
Tech

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021
0
Startups

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0
aimbot -8
Tech

UNDP Gifts Kenya With Robots That Will Aid In Fighting COVID-19

January 26, 2021
0
Tech

Signal Adds WhatsApp Like Features That Have Made The App More Interactive

January 26, 2021
0
Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Toshiba
Tech

Chrome Now Helps You Change Weak Passwords

January 23, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Samsung, Safaricom partner to push Samsung Galaxy S21 pre-orders

January 26, 2021

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021

8 Facts People Don’t Know About Bitcoin

January 26, 2021

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021

3 Tips On Avoiding Cryptocurrency Scams

January 26, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: