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Sidian Bank seeks slice of Uber’s cake with Sh1m drivers car loans

Uber Kenya acting general manager Nate Anderson (left), Sidian Bank CEO Titus Karanja (centre) and ICT Cabinet Secretary Joseph Mucheru during the signing of the funding deal that will see Uber drivers access car loans. PHOTO | SALATON NJAU

Recently rebranded lender Sidian Bank has launched a Sh10 billion fund that will see Uber drivers access car loans at below market rates.

The lender, formerly known as K-Rep Bank, will advance loans of between Sh1 million to Sh1.5 million to each Uber driver.

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