StanChart to offer mobile loans after CBK approval

StanChart Kenya CEO Kariuki Ngari. PHOTO | DIANA NGILA

Standard Chartered Bank Kenya #ticker:SCBK is set to enter the mobile lending business in search of growth in the mass market where it has been absent.

The lender has received an approval from the Central Bank of Kenya (CBK) to venture into the digital microlending space, according to sources familiar with the matter.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.