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Airtel mobile loan deepens telcos’ foray into finance

Thursday, May 03, 2012 — updated on December 25, 2020 - 3 min read

Airtel Kenya MD Shivan Bhargava (left), and Faulu Kenya MD John Mwara at the launch of the Kopa Chapaa service in Nairobi yesterday. Diana Ngila

Airtel Kenya marked telecommunication companies’ deepening foray into the financial sector with the launch of a mobile phone loan facility in partnership with Faulu Kenya, a microfinance provider.

Subscribers to Airtel Kenya’s mobile phone money transfer service, Airtel Money, will get loans ranging from Sh100 to Sh10,000 through the their handsets as the telecommunications firm seeks to grow revenues by launching new products.