KTDA’s microfinance arm Greenland Fedha embarks on Biometric Registration

Related Articles

Greenland Fedha Ltd (GFL) Рa micro-finance service subsidiary of KTDA Рis set to commence biometric registration of its customers as it seeks to move to paperless loan processing, increase customer data security and ease the identification process.

The biometric security solution kits deployed are capable of taking photos and fingerprints which can then be used to access the customer data. This is expected to eliminate cases of financial fraud and identity theft. GFL is a non-deposit taking microfinance institution that provides affordable financial services to smallholder and tea farmers.

With over 160,000 customers, the firm uses a mobile banking platform dubbed PESA ULIPO that enables farmers access loans on their mobile phones at any time, which provides convenience for customers. All existing and potential GFL customers will be registered on the new biometric system in an exercise that kicks off in August and will take place in all the company’s offices countrywide.

To register, customers will require original national identity cards, recent growers pay slip, physical presence and M-pesa registered number. Other than providing development loans, GFL also offers development loans, working capital loans and education loans, which can be accessed through mobile banking services or EFT.

More on this topic

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisment

Popular stories

How to Transfer Money from Equity to Mpesa via Equitel

Mpesa services offer the best mobile banking service, which allows transfers of cash systems to banks making the process convenient. One can transfer money from...

WhatsApp introduces new storage feature to help you save space

WhatsApp has rolled out a redesigned storage management tool to help its users to identify and bulk delete large files that are taking up...

How to register for Linda Mama via USSD

Eligibility All pregnant women who are Kenyan Citizens are eligible to be members of Free Maternal Services. Where to Register Mobile phone NHIF Online registration portal...