Mombasa: Residents and business operators in Kapcherop, Marakwet West Sub-County, and its surrounding areas are expected to enjoy easy access to banking and credit facilities following the official opening of a new Kenya Commercial Bank (KCB) branch in the town. The new branch will bring financial services closer to residents who previously travelled to Kapsowar, Iten, Kitale, and Kapenguria to access banking services, reducing the cost and time of financial transactions.
According to Kenya News Agency, KCB Regional Sales Manager Bethwel Tanui stated that the establishment of the Kapcherop branch demonstrated the bank’s confidence in the region’s economic potential. He emphasized the importance of the branch’s support from residents, traders, and institutions to grow into a sustainable and self-sufficient outlet similar to other KCB branches across the country. Tanui urged residents to embrace formal banking and take advantage of available financial products, including credit facilities, savings products, and business financing, which are critical to enterprise growth.
The Regional Business Manager for KCB’s North Western Region noted that the bank’s expansion strategy was anchored on bringing financial services closer to communities while supporting local economic development. The establishment of the Kapcherop branch will enable KCB to build stronger relationships with customers, understand their enterprises, and support them to grow.
KCB Kapcherop Branch Manager John Chepkonga assured residents that the new outlet would provide accessible and customer-focused banking services tailored to the needs of individuals, traders, institutions, and other economic actors in the area. He stated that the branch would seek to build trust with customers by understanding the nature of their enterprises and providing appropriate financial guidance.
Rose Rugut, KCB Iten Branch Manager, highlighted the importance of decentralizing banking services in promoting financial inclusion and enabling communities to participate more effectively in the formal economy. She called on residents to support the new branch, saying its growth could create opportunities for the bank to expand its presence to other areas.
Elgeyo Marakwet Governor Wisley Rotich emphasized that the presence of a local branch would enable the bank to better understand the needs of residents and support various entrepreneurs through appropriate financial services and credit facilities. He noted that the branch would also stimulate economic activity in Kapcherop by attracting more people to the town and creating opportunities for businesses such as shops, hotels, transport operators, and other service providers.
The opening of the KCB Kapcherop Branch is expected to enhance financial inclusion, reduce the cost of accessing banking services, and support the growth of micro, small, and medium enterprises in the region. The new outlet will serve Kapcherop and neighbouring areas, providing residents with easier access to deposits, withdrawals, loans, savings products, and other financial services.
