Jamii Bora raises the bar in banking sector

By John Oyuke

Jamii Bora Bank has announced a profit-sharing programme set to revolutionise local financial services.

The plan allows staff and customers who have introduced customers to the bank to earn a percentage of payments earned by the bank from the customer for the lifetime of that customer with the bank.

Chief Executive Officer, Sam Kimani, said the revenue sharing concept dubbed ‘Jiinue na Marafiki  Milele’ is founded on the bank’s commitment to using innovation to change people’s lives.

“This makes Jamii Bora Bank the first of its kind in the world, to share its profits in perpetuity with staff and customers,” he said.

Shared with community

“We are a different bank. We know where we came from and we know where we are going. We just want to take our members, customers, and stakeholders along with us,”

He said the bank views prosperity and success as a renewable resource that needs to be shared with the entire community.

To participate, an existing customer of Jamii Bora Bank will be required to introduce a new account to the bank and the bank will pay a percentage of all the commissions earned from that account..

Kimani explained that there is no limit to the number of accounts one can introduce under the new programme.

 “At Jamii Bora we feel that since you went out of your way to refer or introduce a customer to us, then you are entitled to part of the revenue we earn from that customer,” said Kimani during the launch yesterday.

“Effectively, Jamii Bora is answering the question that has been on the minds of many Kenyan’s: What does my bank do for me?” he added.

Kimani said through the action, the bank and its customers are now tied into a partnership that will guarantee long term growth and prosperity. The bank registered another first last year by embarking on a project with its sister company, Jamii Bora Makao, that would see it offering low cost houses and mortgages to the public.