Close Menu
The Coast Times Digital

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    How East Africa’s Thriving Honeymoon Market Shapes Cross-Border Tourism

    July 3, 2025

    Kwale Local Women Company Lands KSh 1.9 Million town cleaning tender

    July 3, 2025

    KWS spends Sh 60 million Compensating victims of Human Wildlife Conflict in Kilifi  

    July 3, 2025
    Facebook X (Twitter) Instagram
    Trending
    • How East Africa’s Thriving Honeymoon Market Shapes Cross-Border Tourism
    • Kwale Local Women Company Lands KSh 1.9 Million town cleaning tender
    • KWS spends Sh 60 million Compensating victims of Human Wildlife Conflict in Kilifi  
    • County leaders lead Kwale in call for prevention as drug abuse soars across the county
    • Lamu Launches Disaster Management Clubs in Schools to Boost Emergency Preparedness
    • Mass PWDs registration in Dzombo highlights rising Cerebral Palsy cases and service gaps
    • MWARP launches Kwale disability mass registration drive to promote inclusive development
    • Widows demand legal recognition as data gap undermines policy inclusion
    Facebook X (Twitter) Instagram
    The Coast Times DigitalThe Coast Times Digital
    • Home
    • Features
    • Politics

      How East Africa’s Thriving Honeymoon Market Shapes Cross-Border Tourism

      July 3, 2025

      Kwale Local Women Company Lands KSh 1.9 Million town cleaning tender

      July 3, 2025

      KWS spends Sh 60 million Compensating victims of Human Wildlife Conflict in Kilifi  

      July 3, 2025

      County leaders lead Kwale in call for prevention as drug abuse soars across the county

      June 29, 2025

      Lamu Launches Disaster Management Clubs in Schools to Boost Emergency Preparedness

      June 28, 2025
    • Typography
    • Science

      Spike in Maternal Deaths Sparks Alarm in Kwale

      June 22, 2025

      Relief for hydrocele patients and expectant mothers in need of surgical services in Mkongani, Matuga sub county

      June 10, 2025

      NCBA marks World Environment Day with mangrove drive and cleanup in Kwale to combat plastic pollution

      June 7, 2025

      Greening Hope: How Patanani Farmers Are Restoring Their Land and Lives

      May 23, 2025

      Governments urged to focus on the proper treatment of Female Genital Schistosomiasis disease 

      May 23, 2025
    • Opionion/Commentary
    • Contact Us
    The Coast Times Digital
    Home»Politics»Kwale»KCB bank to offer customized loans to Kwale bar and restaurant owners
    Kwale

    KCB bank to offer customized loans to Kwale bar and restaurant owners

    Coast Times DigitalBy Coast Times DigitalMarch 6, 2023Updated:March 6, 2023No Comments55 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Flora Awinja

    The Kenya Commercial bank (KCB) is seeking to partner with Kwale bar and restaurant owners’ association in Kwale County.

    The partnership will involve loan and credit facilities to the operators.

    According to the KCB’s Ukunda branch management, this will enhance and strengthen their customer relations in a bid to improve their offers and services.

    The manager in charge of online banking Mwanahamisi Hussein said the institution is working on ensuring that the operators get new swiping machines and an online till system that will enable them to acquire loans.

    She added that the bank is willing to offer unsecured loans without asking for log books and title deeds as security.

    The branch’s business banking manager Susan Otieno emphasized that the offer on unsecured loans will be available to the association members which is payable in a maximum of three years.

    She said the loan has a limit of Khs 5 million which will be determined by monitoring the cash flow of the respective business operator.

    She also elaborated on the retailer finance loan where the product is limited on stock orders and purchases made through the online till system made to Tamasha Mombasa Distributors.

    “The retailer finance loan is given through the till system liaised with the bank and Tamasha Distributors that enable the business owners to do it digitally within a period of 48 hours with an interest rate of 0.036% per day regardless whether you’re banking with us or not” she said.

    KCB’s Ukunda Branch manager, Edward Odek, said that broken down machines would be replaced with android machines whose life span of five years depending on the client’s handling technique.

    “We will have unique codes on the system to monitor and give loan limits to you” he told the bar and restaurants.

    Tamasha Mombasa Distributors Ukunda branch manager, Mr. Maxwell, allayed fears by the operators on whether they will repossess the stock if the retailer finance loan is not paid to the bank by the business owners.

    “We will not repossess any stock given out to business owners because the bank would have paid for the supply bill hence the bank will follow up on the recovery of the cash.” He noted.

    The association chairman Richard Onsongo said that there are ninety-five bar and restaurant owners in Msambweni sub-county who are registered with the organization.

    He urged the other more than 500 bar and mnazi joints owners who are not registered with the association, to do so in order to benefit from the scheme.

    Onsongo emphasized on buying from Tamasha Distributors to receive the retailer finance loan.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Coast Times Digital
    • Website
    • Facebook
    • X (Twitter)

    Coast Times Digital is a news hub that bring to you information across the Coastal region and beyond in a manner that is guided by the editorial rules and laws.

    Related Posts

    How East Africa’s Thriving Honeymoon Market Shapes Cross-Border Tourism

    July 3, 2025

    Kwale Local Women Company Lands KSh 1.9 Million town cleaning tender

    July 3, 2025

    County leaders lead Kwale in call for prevention as drug abuse soars across the county

    June 29, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Kwale County-based People Daily Journalist quits media to join the office of the government spokesperson

    January 24, 2024933

    Kwale magistrate order Diani OCS to investigate Diani DCI “money for freedom” claims by suspected Panga boys criminals.

    April 1, 2025863

    The untold story of Nyari sisal estate in Samburu-Chengoni, Kwale County

    March 26, 2024632

    BREAKING NEWS! Kilifi Blue economy chief officer allegedly stabbed to death by house maid

    July 20, 2023626
    Don't Miss

    How East Africa’s Thriving Honeymoon Market Shapes Cross-Border Tourism

    By Coast Times DigitalJuly 3, 202590

    By Carol Samini Katana (Kenya) On the sunlit shores of Diani Beach in Kenya, Francis…

    Kwale Local Women Company Lands KSh 1.9 Million town cleaning tender

    July 3, 2025

    KWS spends Sh 60 million Compensating victims of Human Wildlife Conflict in Kilifi  

    July 3, 2025

    County leaders lead Kwale in call for prevention as drug abuse soars across the county

    June 29, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About

    SHIMBA HILLS MEDIA NETWORK
    P.o Box 351,80403, Kwale Tel: +254 734 869440
    Email: info@coasttimesdigital.com

    © {2022} Coast Times Digital.

    Type above and press Enter to search. Press Esc to cancel.