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Revolutionary mobile-based bank account KCB M-PESA has advanced Sh10.3 billion in loans to its customers since inception about two years ago, boosting access to credit in Kenya.
The savings and micro credit platform, a joint initiative of Safaricom and KCB, has also signed up 6.4 million accountholders so far. The accountholders have Sh286.1 million saved on the platform. Every day, the platform advances between Sh25 million and Sh30 million in loans.
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