M-Shwari savings surpass Sh32b mark amid borrowing frenzy

Treasury CAS Nelson Gaichuhie (left) and NCBA Group  Director John Gachora during the launch of the NCBA Economic Outlook Report 2020. [Wilberforce Okwiri, Standard]

Customers have saved Sh32 billion on NCBA mobile account, M-Shwari, and used it to borrow nearly three times the amount.

NCBA Group Managing Director Mr John Gachora says the amount was in the lock savings account at the end of December last year, marking a growth from Sh28 billion.