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UNSECURED ONLINE LOANS Get your loan within minutes! Straight to your Mpesa

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ABOUT UWEZO FUND MPESA  ONLINE LOANS

UWEZO Lenders currently based in Kenya that offers instant mobile loans.Uwezo Fund automatically evaluates mobile phone data as well as other factors to assign loans. This process takes less than 5 minutes.

Get a quick loan straight to your M-Pesa now. Register, borrow & grow your loan limit by paying on time. No paper work, no complications.

Over 10,000 people have experienced the convenience of personal loans through Uwezo Fund Online.

Whether you want small money to take care or few things, pay debt, pay unexpected medical expenses, or just want to go on a family vacation, we understand.

Our goal at Uwezo Fund Online is to provide access to personal loans, at competitive interest rates, in a timely manner.

HOW UWEZO FUND MPESA ONLINEWORK?

Once you visit our website click on Apply Loan Button then you will be redirected to the application page.

Once you open application page follow the process and make sure you put the correct details then submit.

We will review your details as soon as we can then once successful we will give you a call and process your loan.

New customers can apply right on our website. Returning customers can login to our portal and apply again. You’ll know our decision moments after hitting submit! Manage your loan from the palm of your hand and make additional payments at any time. We’ll never charge you a prepayment penalty fee.

QUESTIONS FREQUENTLY ASKED.

1.Can everyone apply for the loan? Yes- Anyone who is above 18 years can apply.

2.What is the minimum one can apply?  Minimum to apply is Ksh 1,000 and Maximum is Ksh 100,000.

3.How long is one supposed to wait before approval? Approval takes less than 30 minutes.

4.What is the Procedure of application

5.What if am crb? Yes you can apply for a loan even if you are in crb.

We have simplified the online loan application process to make it fast and easy for you to apply for the facilities you need.

To be eligible for an online loan

:1.You must have a valid Kenyan National ID

2.You must have used Mobile Money services like MPESA and/or Airtel Money for more than one month.

Please Note the following Minimum Amount you can borrow is KSh 1,000, Maximum Amount KSh 100,000.Maximum repayment period is 12 months. After application you will be notified of the status of your application within 10 minutes.If the loan is approved, you will receive the cash within 30 minutes.

LOAN PROCESSING FEE

The Loan Processing Fee is Ksh 270.This is the fee that gives you a membership code that will be used in the Application.

Incase you pay and you dont qualify , the fee is refunded.

 

To Pay for Loan Processing Fee

1.Go To MPESA menu

2.Send Money

3.Enter Number   –    0700 370 726 (Ms Gladys Mutai Loans Officer )

4.Amount Ksh 270

Enter the MPESA reference number below for confirmation purposes.

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Yatani’s tight options as he delivers first budget next Thursday: The Standard

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National Assembly Speaker Justin Muturi told MPs that Mr Yatani has asked the House to be accommodated next week to deliver the budget.


National Treasury Cabinet Secretary Ukur Yatani (pictured) will present his first Budget to Parliament on Thursday next week amid the economic turmoil occasioned by the Covid-19 pandemic.
Yesterday, National Assembly Speaker Justin Muturi told MPs that Mr Yatani has asked the House to be accommodated next week to deliver the budget.
Yatani, who assumed the docket in July last year, will be on the spot on June 11 with the government facing challenges on how to raise revenue to finance its projects while shrouded in the coronavirus veil.

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Mr Muturi revealed measures that will be observed on Thursday to ensure social distancing rules are observed.
He said only members of the Budget and Appropriations Committee, chairpersons of departmental committees and those chairing select committees will be accommodated in the chambers.
Other members have been asked to follow proceedings from designated areas.
“You are encouraged to be present during this important event,” said Muturi.
Eyes will be on how the government will seek to navigate through the adverse effects of the coronavirus that have greatly impacted the economy.

SEE ALSO: Farmers: The forgotten Covid-19 casualties

Majority Leader Aden Duale yesterday said the issue of the Budget was among those discussed during the Jubilee Party’s National Assembly Parliamentary Group meeting on Tuesday.
He said President Uhuru Kenyatta rallied MPs to support the government’s measures in combating the Covid-19 pandemic.
“The Chairman of the Budget and Appropriations Committee will today be tabling the estimates for MPs to go through before the Treasury Cabinet Secretary makes his pronouncements on Thursday,” Mr Duale said.

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SBM Kenya earnings drop 79pc: The Standard

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The earnings fell from the Sh310 million reported in 2019’s quarter one.

SBM Bank (Kenya) Ltd first quarter 2020 profits after tax shrunk by 79 per cent compared to a similar period last year to settle at Sh64 million.

The earnings fell from the Sh310 million reported in 2019’s quarter one.
In a statement to investors released yesterday, the lender attributed the drop in profits to an increase in loan loss provisions that went up by Sh280 million, against the backdrop of monitoring legacy loans acquired.
Net loans and advances increased 60 per cent from Sh13.04 billion to Sh20.87 billion in the period under review. Customer deposits rose 9 per cent from Sh51.3 billion to Sh55.7 billion.
The bank’s liquidity stood at 68.9 per cent evident from the Sh42.1 billion invested in government securities.
The bank, which entered the Kenyan market three years ago, saw assets rise 11 per cent from Sh70.2 billion to Sh78.1 billion as of the end of March.
SBM Chief Executive Moezz Mir anticipated growth even within the current environment.
“The bank has a strong capital and liquidity base to support the growth of business and our digital offering is strong and robust to support transactions that do not involve contact,’’ he said.
He added that the bank had proceeded to provide loan restructures and moratoriums from three months to twelve months, to allow its clients to effectively manage their cash flows during the covi-19 period.

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Firms delay release of results : The Standard

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CEO Kenyatta National Hospital (KNH) Evans Kamuria (left) receiving a key to the mobile clinic from Transcentury CEO Nganga Njiru at KNH grounds, the clinic will be used for Covid-19 Mass Testing in Nairobi. May 26, 2020. [Jonah Onyango, Standard]

Business
TransCentury, East African Cables and Crown Paints are the listed firms that have sought an extension from CMA to release results.

At least three publicly listed firms are yet to release their financial results, raising investors’ anxiety in a climate already worsened by the Covid-19 pandemic.

TransCentury, Crown Paints and East African Cables are some of the firms that have sought an extension from the Capital Markets Authority (CMA) to delay the release of their results.
Cash strapped TransCentury, East African Cables mother company, said a delay to complete the audit of its subsidiary has subsequently hindered it from releasing its results for the financial year ended December 2019 on time.
“This is due to the delay in completion of an audit in its subsidiary, East African Cables Plc, which consolidates into the Group’s audited financial statements,” Company Secretary Virginia Ndunge said in an announcement on behalf TransCentury’s board.

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“The company wishes to assure the public that the audited financial statements will be published not later than July 30.”
Struggling East African Cables attributed the delay to on-going discussions with lenders to end the remaining portion of the debt restructure transaction.
“The delay has been occasioned by ongoing discussions with the company lenders to complete the remaining portion of the debt restructure transaction. In addition, the social distancing measures and restricted working hours enforced by the government due to the covid-19 pandemic have significantly affected the audit timelines,” EA Cables said.
Liquidation petition
East African Cables recently reached a loan restructure agreement with SBM Bank Kenya over a Sh285 million loan with the lender withdrawing a liquidation petition.

SEE ALSO: Seven golden tips for aspiring forex retail traders in Kenya

Another lender owed by East African Cables is Ecobank. This is the second time the two companies are announcing a delay of the release of audited financial statements.
Crown Paints blamed the delay on the difficulties posed by the Covid-19 pandemic especially the restrictions in movement that have been put by regional governments.
“The delay has been occasioned by difficult circumstances brought by the Covid-19 pandemic especially the various measures put in place by the Kenya government as well as the total lockdown (now relaxed) by the Uganda and Rwanda government,” the manufacturer announced yesterday.
Multiple companies have already published their quarter one results and announced invitations for Annual General Meetings (AGMs).
The AGMs will be done virtually owing to social distancing rules.

SEE ALSO: Regulator approves dividend payout

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