Risky borrowers to pay higher M-Shwari charges in new model

NCBA Bank managing director John Gachora. PHOTO | NMG

Risky borrowers will pay more to access M-Shwari loans as Safaricom and NCBA Group plan a new lending model with different charges based on the credit profile of customers.

NCBA chief executive John Gachora said the bank will roll out a risk rating model for M-Shwari akin to that of commercial banks.

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