Next month, the second and final payments will be made to more than 600,000 small-scale tea producers connected to the Kenya Tea Development Agency (KTDA). The smallholder farmers will receive the reward known as the “tea bonus,” according to chief executive Wilson Muthaura, in the second week of October. “The process of getting money to … Read more
The Biashara loan is part of the Hustler Fund Personal Loan Product, which is a revolving fund that provides credit to small businesses and individuals who have no collateral or formal banking history. The Biashara loan product has two components, individual and group. The individual micro-enterprise loan product launched today will lend between KES 10,000 … Read more
To broaden the reach of Safaricom’s mobile money application M-Pesa, President William Ruto floated a collaboration between the international IT giant Apple and Safaricom. After visiting Silicon Valley in the San Francisco Bay Area, the President spoke on Saturday. He added that in order to serve clients worldwide, the new partnership would also include PayPal, … Read more