In Kenya, banks are vital institutions that provide a wide range of financial services to individuals and businesses. A bank essentially acts as a financial intermediary, accepting deposits from customers and providing loans while offering various other services like currency exchange, safe deposit boxes, and investment opportunities. There are different types of banks. Here are…
Let’s look into the financial prowess of Equity Bank Kenya, a heavyweight in the East African financial scene. A financial powerhouse serving both individuals and businesses, with a whopping 80 percent of transactions zipping through their advanced mobile banking tech. But what sets them apart? Well, it’s the game-changing support they’re throwing behind local businesses,…
Embarking on the journey of entrepreneurship in Kenya requires more than just a groundbreaking idea; it demands financial backing to turn dreams into reality. Many aspiring business owners find themselves grappling with the challenge of securing the necessary funds, leading to setbacks in bringing their ventures to fruition. Cash flow mismanagement remains a significant pitfall…
Owning a home in Kenya is undeniably a major milestone, but the soaring costs present a formidable challenge. The expense of land and skyrocketing construction material prices contribute to the complexity of this pursuit. However, envision a pathway to realizing your dream home, irrespective of your financial standing. A mortgage, a financial loan extended by…
For many Kenyans, turning the dream of home-ownership into reality is more attainable than ever, thanks to the availability of budget-friendly mortgage rates in Kenya. A mortgage, essentially a loan where the property serves as collateral, can be a viable means to invest in real estate. We hereby explore the process of securing the cheapest…
KCB Bank: Unlocking Your Homeownership Dreams Discover the possibilities with KCB Bank, where homeownership becomes a reality. Borrow up to KES 100 million with competitive terms, offering 90% financing for owner-occupied properties, 80% for income-generating ones, and 70% for plot purchases. Enjoy a favorable interest rate of 13.3%, making KCB a prime choice for your…
1. Digital Lenders 1. Hustler Fund: Initiated by the government on November 30, 2022, the Hustler Fund swiftly became a game-changer for businesses. Offering loans ranging from 500/= to a substantial 50,000/=, this fund garnered an impressive 19 billion shillings within three months. Eligibility is open to all, with credit scores determining access levels. The…
Two giants, Equity Bank and Safaricom, have innovative overdraft facilities – Boostika and Fuliza, respectively. We dive into the details of these products, comparing their features, repayment terms, and eligibility criteria. Equity Bank Boostika The Genesis of Boostika Equity Bank Kenya has stepped into the realm of overdraft solutions with the introduction of Boostika. This…
