KCBL bags over half a million clients as it clocks 20

15Jun 2016
Our Reporter
The Guardian
KCBL bags over half a million clients as it clocks 20

A record 503,502 clients are banking with Moshi based Kilimanjaro Cooperative Bank Limited as it marks 20 years since its establishment.

KCBL Board Chairman, Reginald Hosea told a news conference yesterday that among the clients are 3,922 informal sector groups. Hosea noted that KCBL services are available to clients through branches in the region and also Umoja Switch ATM machines countrywide.

The bank’s clients can also access services through mobile phone service network operators including M-Pesa, TigoPesa and Airtel Money.

“As we celebrate our 20th anniversary on July 10, we have organised a charity walk day to raise money for needy smallholder farmers,” Hosea said.

He said KCBL as a bank which is supported largely by farmers and other informal sector groups has a responsibility to assist them grow sustainably.

The KCBL Board Chairman further noted that in the current financial year, their major objectives include mobilizing savings from the public, particularly co-operative societies and their members as well as lending to the public especially in rural areas to support increased agricultural production and crop marketing.

KCBL Chief Executive Officer, Elizabeth Makwabe said the charity walk will be the first of its kind to be held in Kilimanjaro region and that it is aimed at directly supporting the needy and disadvantaged small scale farmers.

“The charity walk, which we anticipate will be graced by the Kilimanjaro Regional Commissioner, will start from Moshi’s Uhuru Park to the Moshi Co-operative University (MoCU) grounds,” Makwabe said while calling on Moshi residents and institutions to back the initiative.

According to the CEO, the targeted people need basic knowledge and skills that are necessary for them to realize their full potential in improving their livelihoods, alleviate extreme poverty and take control of their own destiny.

“We urge the public and all those willing to participate to register on time to avoid last minute rush,” she noted.

On his part, the event’s organising Chairman, Sam Mshiu said all those willing to participate in the event should register prior to the exercise.

“We will also take part in environmental cleaning exercise to be held in various parts of Moshi municipality on July 9, in supporting the government’s initiative to keep our premises clean,” Mshiu