NAIROBI, Kenya, June 4 – Standard Chartered has unveiled its SC Juza Mobile Loan App targeting the short-term lending market in Kenya.
The lender says the move is anchored on providing affordable financial solutions for both salaried and non-salaried individuals in a bid to bridge the gap of financial inclusion.
Its CEO Kariuki Ngari asserted that the platform will revolutionize the short term lending market through its flexible lending criteria.
“Our goal with the SC Juza Mobile Loan App is to provide a reliable and flexible financial tool that meets the needs of Kenyans from all walks of life. Whether you are salaried or self-employed, our app is designed to help you access the funds you need quickly and easily,” he said.
He added that Standard Chartered is keen on leveraging technology in a bid to better its financial inclusion modules.
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The SC Juza Mobile Loan App offers loans ranging from sh 1,000 to sh 100, 000, with a repayment period of up to 60 days.
This, the lender says, will provide borrowers with ample time to manage their finances and repay their loans comfortably.
The country has witnessed a surge in online lending accounting for 54 percent of Kenya’s total borrowing according to Mobile Money for Financial Inclusion Report 2022.
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