The two firms yesterday launched the Biashara Smart range of products that includes various service packs that offer financial and communication services and products initially targeting small and medium enterprises.
Under the product, customers can choose from two different starter pack with the cheapest one being starter pack lite in which a customer holding an M-Benki account is eligible for a loan up to a maximum of Sh30,000 after saving for at least 30 days. Also under this pack, an SME account holder will get a website set up for them and five official email accounts at Sh599 per year.
The more superior start-up pack will give customers a priviledge account at KCB, loans of up to Sh1 million, smart phone devices either a phone, tablet or an Ipad,
Other than loans, devices and other communication services, the products also contain a business information suites as well as tips sent periodically to help the SME customers.
"We are not a bank so it's better that the bank gives the financial services and we can concentrate on giving our customers communication services," said Collymore yesterday at a media briefing after the launch.
KCB group CEO
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