Treasury has signed a deal with four Microfinanciers to advance the Programme for Rural Outreach of Financial Innovations and Technologies (PROFIT) in tunes of KES 600 million

Saving for a holiday takes time but stands to give the individual better options in the time after the holiday.

So you started that Chama and have a little money. What should you do with it?

The last few days to payday have been a mystery for many people since the invention of monthly salary systems. We have read thousands, if not millions of essays on how to survive these days. Budgeting advise is probably one of the most read pieces of advise the…

Everyone's been talking about it. It's M-Shwari this, and M-Shwari that. But what does the fine print say?

With advancing technology, lenders are looking for the most convenient ways to get security for loans they give to borrowers. Use of social media profiles by LendUp in the US is an example.

Safaricom Ltd is launching a mobile money based credit scheme, M-Shwari, a product that will allow M-Pesa subscribers to save and borrow money using their phones. This new product will mainly target micro-savers and borrowers. It will enable users to open a mobile bank accounts, into which they can deposit as low as KES 1

Barclays Bank saw its profit before tax grow 40% in the 3rd quarter of 2012 in a period where banks enjoyed charging high interest rates on new loans borrowed by customers. CBK has since reduced the base lending rate to 11%.

NIC Bank has reported a 35% profit after tax growth in the 3rd quarter of 2012 earning interests on loans in tunes of KES 6.96 billion in the period. Commercial banks charged high interest rates on loans in the period.

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