By Awal Mohammed
Jamii Bora Bank customers and business clients will start enjoying a
one-day cheque maturation period as the
microfinance seeks to maximise
its profitability and sales margin.
Under the new system dubbed ‘T-Plus one’, clients will access the cash
after only one day in contrast to the traditional ‘T three’, which saw
clients wait for three days.
With a huge chunk of its customers being from Sacco and microfinance
institutions, the bank believes the new system will help boost small
businesses that have been ravaged by the Covid-19 pandemic.
“For saccos and microfinance institutions, this means they get their
money or loans faster, which helps them deliver on their promises. Today
Jamii Bora has made the first step in bridging the gap by launching
this programme to assist them with business support and enabling faster
turnaround,” said Jamii Bora Chief Business Officer Alex Kasiki.
SEE ALSO: Co-operative Bank acquires Jamii Bora Bank LTD
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