Kenya Power has signed a tripartite agreement with Rapid Communications and Jamii Bora Bank for the use of a mobile app for loan application and processing.
The agreement requires the companies to process loan applications from Kenyans seeking to obtain power connections from KPLC under, a loan facility dubbed “Stima Bora Loan”.
Upon approval of loan applications, Jamii Bora Bank will issue confirmation letters to Kenya Power for the connection process to commence.
Speaking at the signing ceremony, Jamii Bora chief executive officer (CEO) Samuel Kimani said the agreement was intended to make it easy for Kenyans to obtain electricity on convenient and affordable terms.
Anwar Hussein, CEO of Rapid Communications, reiterated the need to have 70 per cent of Kenya connected to the national grid by 2015 and applauded the effort by Jamii Bora and Kenya Power to make this possible.
“Rapid Communication is honoured to be part of this agreement that will see power connection go up to 70 per cent by 2015. Rapid has made the connection easier and convenient by enabling Kenyans to apply for power and loan facility through their mobile phones wherever they are,” he said.
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