Family Bank and KDN sign partnership deal

More Kenyans could get easier access to the internet, with the signing of a partnership deal between the Kenya Data Networks (KDN) and Family Bank Limited.

Through the partnership, Family Bank will provide credit facilities for entrepreneurs and communities to use in setting up digital villages and internet hotspots.

“The actual use of the fibre optic technology, not just its availability, is what is going to bridge the digital divide, and lack of money is the main hindrance to this use in Kenya,” said Vincent Wang’ombe, KDN chief marketing manager.

Mr Wang’ombe said that despite excitement on the arrival of the two fibre optic cables, the question of how rural people would be connected went unanswered.

The product dubbed ‘Jipange na Internet’ will help people finance the cost of setting up internet connectivity and purchase the computers and laptops needed.

To finance building of the internet set up, the bank will be giving a loan of Sh58,000 repayable in 24 months.

It will also be offering laptop and computers loans in different amounts repayable in the same period of time.

The loans will be at 1.6 per cent interest per month.

Family Bank’s branches will also be getting WiFi connectivity, thus making them digital centres for use by customers and members of the public.

“Through the venture, any individual within a kilometer radius of any of the 50 branches will be able to access free internet with local content,” said Family Bank CEO, Peter Kinyanjui, while signing the deal on Wednesday.