NAIROBI – KENYA Commercial Bank has disbursed at least Ksh 23,5 billion (US$230,7 million) under the government’s social welfare programme.
Latest government statistics show this year , over Ksh14 billion was paid to beneficiaries under the programme, Inua Jamii, launched by President Uhuru Kenyatta in 2015.
This effectively deepens the government’s National Social Protection agenda that is focused on increasing the scale, improving the quality and coordination of social assistance interventions through cash transfers.
In the November 2016 payment cycle alone, the Bank disbursed Ksh2,4 billion.
At least 557 551 beneficiaries have been served over the past year making this one of the biggest social protection plan in the country.
Of these, 327 012 are older persons, 49 890 are persons with severe disabilities while 200 669 are orphans and vulnerable children.
The three major cash transfer programmes running in 47 counties go to the orphans and vulnerable children, older persons and people with severe disabilities.
KCB Group Chief Operating Officer, Samuel Makome, said the bank was focused on further enhancing the disbursement as part of its resolve to create pathways to financial inclusion.
“The biometric system has transformed the beneficiary enrolment and payment process, bringing with it efficiency, transparency and speed in disbursement” said Makome.
– CAJ News