, NAIROBI, Kenya, July 31 – Kenya Power has signed a tripartite agreement with Rapid Communications Limited and Jamii Bora Bank that will see use of technological solution to address the issue of connecting potential customers to the national grid.
Rapid Communications Limited, a mobile telecommunications solution provider, will provide a mobile application platform to aid in loan application and processing.
The agreement obligates them to process loan applications from Kenyans seeking to obtain power connection from Kenya Power under a loan facility dubbed “Stima Bora Loan”.
Upon approval of loan applications, Jamii Bora will issue confirmation letters to Kenya Power for the connection process to commence.
The Chief Executive Officers of Jamii Bora and Kenya Power, Samuel Kimani and Ben Chumo, respectively, signed the contract which was witnessed by Anwar Majid Hussein the CEO of Rapid Communication Limited.
Under the Stima Bora Loan facility, the customer shall apply for the loan facility through the mobile, the bank shall then accept deposits from customers only once Kenya Power has confirmed way leave acquisition.
Thereafter, the bank will disburse the loan proceeds to the customers and make payment on behalf of applicant direct to KPLC for necessary power connection.
Speaking at the signing ceremony, Jamii Bora Chief Executive Officer, Samuel Kimani, said the agreement was intended to make it easy for Kenyans to obtain electricity on convenient and affordable terms.
Hussein also reiterated the need to have 70 percent 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 70pc by 2015. Rapid has made the connection easier and convenient by enabling Kenyans apply for power and loan facility through their mobile phones wherever they are,” said Hussein.