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[2008-04-04] Stanchart to Offer Loans for Safaricom IPO
ALL salaried customers of Standard Chartered (StanChart) Bank can borrow up sh50m to buy shares in Safaricom.
Safaricom, which is selling 10 billion ordinary shares, is East Africa's most profitable company.
Grace Muliisa, the bank's general manager for unsecured lending, said through the Smart Credit Personal Loan, customers would save and grow through annual dividends and high returns.
"We understand the urgency the purchase of shares brings to intending buyers. We shall ensure we process all applications as priority. All those conforming will get money in 24 hours," Muliisa promised.