Court Allows CBK To Release New Generation Bank Notes

Court Allows CBK To Release New Generation Bank Notes

Mwabaya Katana     October 13, 2018   No comments

The Court Of Appeal cleared the way for Central Bank of Kenya (CBK) to proceed with the process of making new generation bank notes available for use after being halted in April .

Through a press release, CBK confirmed that it will now proceed to cooperate with De La Rue International Limited in printing and supplying the new bank notes which are in line with the new constitution of Kenya.

CBK was to provide Kenyans with the new generation bank notes by September 2017 before the process was challenged in court under grounds of sweet heart deal between the bank's regulator and De La Rue money printing company.

MPC Retains CBR at 9 Percent

MPC Retains CBR at 9 Percent

Mwabaya Katana     September 29, 2018   No comments

Monetary Policy Committee (MPC) fixed the Central Bank Rate  (CBR ) at 9 percent for the second time during the 25th September meeting.

This means commercial banks regulated by the Central Bank will have up to a maximum of 13 percent as the interest rate to be charged on loans borrowed.

Led by the Central Bank Governor Patrick Njoroge, the committee came to the conclusion after noticing a decrease in Non Performing Loans (NPLs),tolerable inflation rates among other economic factors.

CBK Invites Applications For Internship Program 2018

CBK Invites Applications For Internship Program 2018

Mwabaya Katana     September 26, 2018   No comments

Central Bank of Kenya (CBK) is now accepting applications for the six months internship program in 2018.

IMPORTANT, The bank will not offer employment after completion of the program.

Basic Requirements 

• A first degree from a recognised university in any of the following disciplines; Finance, Economics, Statistics, Accounting, Micro-finance,Management Sciences, Law or related discipline or a Master's degree in a a relevant field.
• Be a Kenyan between 21 to 29 years of age
• Must have graduated within the last 2 years  or awaiting graduation
• Provide recommendation/reference letter from the university attended. 

Personal Attributes 

• Person of integrity 
• Be computer proficient 
• Be a team player and have ability to solve problems 
• Be goal oriented, dynamic,passionate and self motivated 
• Posses interpersonal and communication skills 

How to apply for CBK Internship 

Interested individuals can apply for the internship program through the link here; careers.centralbank.go.ke:8443

Applications closes on 5th October 2018

PesaPap Loan App

PesaPap Loan App

Mwabaya Katana     September 21, 2018   No comments

PesaPap @FamilyBankKenya

PesaPap app by Family Bank is now giving smartphone users in Kenya an opportunity to access loans without holding a physical  account with the lender.

With a PesaPap wallet account you can access loans from within the app. PesaPap wallet account is your Safaricom number which you will use to create the wallet account within the PesaPap App.

Apart from using PesaPap app, you can use the USSD code *325# to access PesaPap services even on a feature phone.

Kenyans can try this app for loans.The maximum loan is kes50000 subject to qualification.Here is my current loan limit ;

Getting Started with PesaPap Loans

• Download PesaPap on play store or App Store 
• Open the App
• Select Open Wallet Account 
• Set your m-pin
• Once approved, you'll be ready to go.

Borrowing from PesaPap app.

• Open PesaPap app
• Login to the app, 
• select PesaPap Wallet, 
• My Loans, 
• (then check your Loan Limit to know how much you can borrow)
• Select request loan 
• Enter the amount (ensure you write a value equal to or less than your loan limit)
• Submit 

Once loan is approved, money will be in your PesaPap wallet account 'pap'.

 

Withdraw from PesaPap app 

• Open the app
• Login
• Select Mpesa
• From Family Bank to Mpesa 
• Select to own Mobile  
• Select source as your wallet account number 
• Enter amount 
• Submit 

Money will be sent into your Mpesa account ready for use.

Repay PesaPap loan

• Open the app
• Login
• Select PesaPap wallet 
• Select my loans 
• Select repay loan
• Choose source,loan account, amount to repay or choose partial or full repayment 
• Proceed

If your PesaPap wallet is empty and you don't have a physical account with family bank, you'll have to top up you wallet first. 

• Go to Mpesa 
• Lipa na Mpesa 
• Select paybill 
• Enter business number 222111 
• Account number ( here enter your phone number which is the wallet account number in this format : 2547xxxxxxxx )
• Enter amount to top up
• Enter Mpesa PIN 
• Submit 

Contact PesaPap Team

In case of anything ,you can reach out to the team through the ways below;

• Visit any Family Bank branch near you. 
• Call; 0703 095 445