KCB has lowered borrowing rates for a variety of retail loans by up to 5% and the move is already having a knockdown effect with customers, at other bank, asking for their loans rates to also be lowered likewise.
But for KCB, their intention is probably to accelerate their lending which has remained flat this year. From January to June 2006 their loan book is up less than 1%, compared to peers Barclays and Standard Charted whose loan books have increased by 7% and Equity Bank whose loan book increased 46% in the half year.
CFC card account holders can receives SMS each time their MasterCard’s are used/charged.
School Finance Loans
(From Africa Intelligence )
The International Finance Corporation (IFC) will provide financing for private school institutions in Kenya, towards purchase of educational materials, and other capital expenditures under a formula which it inaugurated in Ghana last year.
On the flip side Bretton Woods Project offers six reasons why the World Bank (and IFC) should not finance educational projects