Equity Bank Roll Out Disbursement Of Government Stipend To Senior Citizens

Equity Bank
Equity Bank

Equity Bank has been selected to disburse payments for senior citizens in the newly established Inua Jamii 70 and Above Cash Transfer Programme. The program is meant to aid the government in disbursing the bi monthly stipends to the elderly.

The registration of the elderly has already started and t70 and above citizen will receive an Inua jamii smart from Equity bank. The elderly citizens have been asked to visit the country wide branches to register.

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The program seeks to disburse about Sh.4000 to about 500000 elderly citizens every two months. Te smart card uses biometric authentication, will enable enrolled beneficiaries access funds issued by the government through the Bank’s branch network and identified agents who will be located across the country.

Equity Bank has also participated in the disbursement of funds for the successfully implemented CT-OVC (Cash Transfer to Orphans and Vulnerable Children) so they have the experience and the expertise to accomplish the Senior citizens programme.

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Written by Merxcine Cush

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