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    630 scientists from Africa to benefit from new training programme

    630 scientists from Africa to benefit from new training programme

    KRA issues accounting guidelines for 2020-2021 Corporate Tax rates

    KRA issues accounting guidelines for 2020-2021 Corporate Tax rates

    NMS to handle payment of pending bills

    NMS to handle payment of pending bills

    Kenyans start paying Sh2.7bn for 2017 maize subsidy programme

    Kenyans start paying Sh2.7bn for 2017 maize subsidy programme

    Safaricom Announces New Plan to help Businesses

    Safaricom accused of IP theft in their latest innovation

    Secret plan to reinstate former Nairobi Governor revealed

    Secret plan to reinstate former Nairobi Governor revealed

    Oil price rises 1% on U.S. stimulus hopes, supply concerns

    JKIAs’ Digital Health Screening cut time to 15 minutes

    JKIAs’ Digital Health Screening cut time to 15 minutes

    Global Cyber Alliance, Serianu to Reduce Cost of Cybersecurity in Kenya

    Global Cyber Alliance, Serianu to Reduce Cost of Cybersecurity in Kenya

  • Markets
    Rental yields shrink in 2nd Quarter of 2020 – Cytonn Report

    CMA names Cytonn Money Market Fund among the best in Kenya

    Safaricom Announces New Plan to help Businesses

    Safaricom accused of IP theft in their latest innovation

    Samsung Galaxy S21 is now out,pre orders open in Kenya

    Samsung and Safaricom ink a deal for Galaxy S21 preorders

    Kenya Power launch new electricity meters

    Kenya Power launch new electricity meters

    Spending on IT Predicted to pass Ksh. 7.7 trillion in 2021

    Spending on IT Predicted to pass Ksh. 7.7 trillion in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Kenya Airways Suspends flights to France

    Kenya Airways Suspends flights to France

    Nokia launches low cost smartphones for the Kenyan market

    Nokia launches low cost smartphones for the Kenyan market

    Exclusive: What it Takes to Lead a Multi billion Sacco in Kenya

    Exclusive: What it Takes to Lead a Multi billion Sacco in Kenya

  • Real Estate
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    Tatu City partners with Konza to attract investors to Kenya

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    Samsung Galaxy S21 is now out,pre orders open in Kenya

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Kenyan Business Feed
  • Home
  • News
    630 scientists from Africa to benefit from new training programme

    630 scientists from Africa to benefit from new training programme

    KRA issues accounting guidelines for 2020-2021 Corporate Tax rates

    KRA issues accounting guidelines for 2020-2021 Corporate Tax rates

    NMS to handle payment of pending bills

    NMS to handle payment of pending bills

    Kenyans start paying Sh2.7bn for 2017 maize subsidy programme

    Kenyans start paying Sh2.7bn for 2017 maize subsidy programme

    Safaricom Announces New Plan to help Businesses

    Safaricom accused of IP theft in their latest innovation

    Secret plan to reinstate former Nairobi Governor revealed

    Secret plan to reinstate former Nairobi Governor revealed

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    JKIAs’ Digital Health Screening cut time to 15 minutes

    Global Cyber Alliance, Serianu to Reduce Cost of Cybersecurity in Kenya

    Global Cyber Alliance, Serianu to Reduce Cost of Cybersecurity in Kenya

  • Markets
    Rental yields shrink in 2nd Quarter of 2020 – Cytonn Report

    CMA names Cytonn Money Market Fund among the best in Kenya

    Safaricom Announces New Plan to help Businesses

    Safaricom accused of IP theft in their latest innovation

    Samsung Galaxy S21 is now out,pre orders open in Kenya

    Samsung and Safaricom ink a deal for Galaxy S21 preorders

    Kenya Power launch new electricity meters

    Kenya Power launch new electricity meters

    Spending on IT Predicted to pass Ksh. 7.7 trillion in 2021

    Spending on IT Predicted to pass Ksh. 7.7 trillion in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Kenya Airways Suspends flights to France

    Kenya Airways Suspends flights to France

    Nokia launches low cost smartphones for the Kenyan market

    Nokia launches low cost smartphones for the Kenyan market

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    Exclusive: What it Takes to Lead a Multi billion Sacco in Kenya

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    OP-ED: Affordable housing will decongest slums and cushion the poor from pandemics

    Kenya’s real estate to remain neutral in 2021 – Report

    Tatu City partners with Konza to attract investors to Kenya

    Tatu City partners with Konza to attract investors to Kenya

    Tatu City Partners with Konza to Attract Investors to Kenya

    Tatu City Partners with Konza to Attract Investors to Kenya

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    National Bank and Octagon ink 100 billion service partnership

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    Mizizi Africa Homes voted best low cost housing developer 2020

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    Cytonn Hands Over Phase III of Comprehensive-Lifestyle Project, The Alma

    32% of Kenyans to change houses over Covid-19

    32% of Kenyans to change houses over Covid-19

    Kenyan Firm awarded Most Innovative Community Developer 

    Cytonn Real Estate completes The Alma Phase 3; 120 units set for handover

  • Tech
    Safaricom Announces New Plan to help Businesses

    Safaricom accused of IP theft in their latest innovation

    Samsung Galaxy S21 is now out,pre orders open in Kenya

    Samsung and Safaricom ink a deal for Galaxy S21 preorders

    Spending on IT Predicted to pass Ksh. 7.7 trillion in 2021

    Spending on IT Predicted to pass Ksh. 7.7 trillion in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Nokia launches low cost smartphones for the Kenyan market

    Nokia launches low cost smartphones for the Kenyan market

    LG unveils premium monitors

    LG unveils premium monitors

    Pesalink appoints Gituku Kirika as CEO

    Pesalink appoints Gituku Kirika as CEO

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    Samsung Galaxy S21 is now out,pre orders open in Kenya

    realme C12 and 7i now Available In Kenya

    2021: realme to release more smartphone in Kenya

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    Celebrated US broadcaster Larry King has died at the age of 87

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    Defiant: Words such as ‘China virus’, ‘impossible Paris climate deal’ mark Donald Trump’s speech as he bids farewell to USA

    Twitter CEO finally breaks silence about banning US President Donald Trump from the platform

    Millions Abandon Whatsapp over new Contentious Policy, Signal, Telegram record growth

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    F1 superstar to miss Sakhir GP after testing positive for coronavirus – Statement

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    Boeing’s 737 Max Cleared to Fly in the US After Crashes

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    WTA Names Kenya as Africa’s Leading Tourist Destination 2020

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    630 scientists from Africa to benefit from new training programme

    630 scientists from Africa to benefit from new training programme

    PrideInn Launches Technology Enabled Hybrid Meeting initiative

    PrideInn Launches Technology Enabled Hybrid Meeting initiative

    KRA issues accounting guidelines for 2020-2021 Corporate Tax rates

    KRA issues accounting guidelines for 2020-2021 Corporate Tax rates

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    Technology at the center of Metropolitan National Sacco transformation

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    Mary Mulili takes charge at UBA Kenya

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    Safaricom accused of IP theft in their latest innovation

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    Family Bank voted best bank in customer relations

    Global Cyber Alliance, Serianu to Reduce Cost of Cybersecurity in Kenya

    Global Cyber Alliance, Serianu to Reduce Cost of Cybersecurity in Kenya

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    • Banking
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      Mary Mulili takes charge at UBA Kenya

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      Family Bank voted best bank in customer relations

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      Exclusive: What it Takes to Lead a Multi billion Sacco in Kenya

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      Diaspora remittances rose by 11 per cent to Sh341 billion in 2020 – CBK

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      6.5 million register new mobile money accounts in 2020 -CBK

      SIB banks’ foreign investment arm records mild drop in returns

      SIB banks’ foreign investment arm records mild drop in returns

    • Insurance
      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

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      Exposed: Insurance Company on The Spot for Fruatrating clients

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      Digital Services Tax a desperate move caused by bad governance

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      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

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      Employment Exit Strategy: The smart way to leave job for entrepreneurship.

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Home KBF Banking

KCB abandons Its mobile loans lending facility

by Neymar
November 28, 2020
in Banking, KBF, Markets, News
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Kenya Commercial Bank (KCB) has  announced that they will be disowning their mobi loan facility to focus more on offering loans to through Vooma.

In a statement to their customers the bank announced that from next month the new Vooma loan will take effect and will be coming with a monthly interest of 5.9 percent  monthly.

KCB has been issuing the mobi loans of between Kes 1,001 and Kes 300,000 instantly. 

“Dear Customer, for a fast, flexible & reliable mobile borrowing experience, we shall discontinue KCB Mobiloan and introduce the NEW & IMPROVED VOOMA Loan effective 23/12/2020. The loan will be for a period of 1 month at a total cost of 5.91%. You will continue to access and pay for VOOMA Loan on *522# or the KCB app.” Read the statement  

This just comes a month after KCB Group   announced that it had set aside Ksh30 billion credit facility for individuals and businesses grappling with the effects of coronavirus pandemic, which were to be available through its mobile lending platform KCB M-Pesa.

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Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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