More credit facilities like Faraja good for economy

Central Bank of Kenya Governor Patrick Njoroge. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) has finally cleared a Safaricom-backed zero-interest credit service for the purchase of goods for up to Sh100,000, providing consumers with a new channel to buy goods and services.

Initially, the CBK had blocked the product due to regulatory hitches.

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