Co-op Bank customers tap Sh2.4bn overdraft for bills, shopping

Co-operative Bank of Kenya customers accessed Sh2.4 billion in digital overdrafts in the first seven months of the year, reflecting a growing demand for short-term credit. The digital lending product, Kamilisha, launched last November, recorded average monthly disbursements of nearly Sh400 million. This product allows individuals and businesses to complete transactions even when funds are insufficient, facilitating bill payments and purchases.