Post bank customers can now access low-interest loans after the bank inked a loan offer deal with premier credit, a credit-only microfinance institution. Speaking after signing of the deal at Kefri center in Kitui town, post bank’s chief operations officer Sylvester Obuor said the strategic business partnership will give their clients access to credit facilities from premier credit. According to the bank, the deal was informed by credit needs of its customers besides post bank’s statutory prohibition to advance loans to customers. The bank has been operating as a savings-only bank in its 100 plus years of service. The loans would be repaid over a period of 24 months and will attract an interest rate of 2.5 percent per month. The partnership has lent loans to over 5,000 post bank customers since they started working together eight months ago.
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