Common use of Account Opening Clause in Contracts

Account Opening. 4.1. In order to open an M-Shwari Account with the Bank, you must be at least 18 years old and a registered and active M-PESA Subscriber. The Bank reserves the right to verify with Safaricom the authenticity and status of your M-PESA Account. 4.2. You may open an M-Shwari Account solely by way of an electronic application made by you using your Equipment via the M-Shwari Menu on the M-PESA System. 4.3. You hereby agree and authorize the Bank to request Safaricom for your personal information held by Safaricom pursuant to the agreement between you and Safaricom for the provision of Safaricom products and services and M-PESA Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom for information relating to your use of the M-PESA Service and M-PESA System as the Bank shall require for purposes of providing you the Services (“M-PESA Information”). You hereby consent to the disclosure of the Personal Information and the M-PESA Information by Safaricom to the Bank and to the aforesaid use of the Personal Information and the M-PESA Information by the Bank. 4.4. You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank. 4.5. You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect as contained in the IPRS. 4.6. The Bank reserves the right to request for further information from you pertaining to your application for an M-Shwari Account at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for an M- Shwari Account. 4.7. Acceptance by the Bank of your application for an M-Shwari Account shall be done via SMS sent to the Safaricom Mobile Phone Number associated with your M-PESA Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari Account does not create any contractual relationship between you and Safaricom beyond the terms and conditions that apply to your M- PESA Account from time to time. 4.8. The Bank reserves the right to decline your application for an M-Shwari Account or to revoke the same at any stage at the Bank’s sole discretion and without assigning any reason or giving any notice thereto.

Account Opening. 4.1. 4.1 In order to open an M-Shwari a Retailer loan financing Account with the Bank, you must be at least 18 years old and old, a registered and active M-PESA SubscriberMobile Subscriber with a mobile service provider with which the Bank has an agreement with for the provision of this service. The Bank reserves the right to verify with Safaricom NIRA the authenticity and status of your M-PESA Accountdetails. 4.2. 4.2 You may open an M-Shwari a Retailer Loan Financing Account solely by way of an electronic application made by you using your Equipment via the M-Shwari Retailer loan financing Menu on the M-PESA KCB Retailer Financing System. 4.3. 4.3 You hereby agree and authorize the Bank to request Safaricom NIRA for your personal information held by Safaricom in pursuant to the agreement between you and Safaricom KCB for the provision of Safaricom Mobile Banking products and services and M-PESA Banking Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank KCB to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom NIRA for information relating to your use of the M-PESA Service and M-PESA System ID as the Bank shall require for purposes of providing you the Services (“M-PESA Information”)Services. You hereby consent to the disclosure of the Personal Information and the M-PESA Information by Safaricom NIRA to the Bank and to the aforesaid use of the Personal Information and the M-PESA Information by the Bank. 4.4. 4.4 You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS NIRA from the Government of Kenya Uganda and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya Uganda to the Bank. 4.5. 4.5 You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom Mobile Network pursuant to Clause 4.3 against a g a i n s t the information received from the Government of Kenya Uganda in your respect as contained in the IPRSNIRA. 4.6. 4.6 The Bank reserves the right to request for further information from you pertaining to your application for an M-Shwari Retailer loan financing Account at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for an M- Shwari a Retailer loan financing Account. 4.7. 4.7 Acceptance by the Bank of your application for an M-Shwari Account shall a Retailer loan financing s h a l l be done via SMS sent to the Safaricom Mobile Phone Number associated with your M-PESA Bank Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari Account does not create any contractual relationship between you and Safaricom beyond the terms and conditions that apply to your M- PESA Account from time to time. 4.8. 4.8 The Bank reserves the right to decline your application for an M-Shwari Account Retailer loan financing or to revoke the same at any stage at the Bank’s sole discretion and without assigning any reason or giving any notice thereto.

Account Opening. 4.1. 4.1 In order to open an M-Shwari FANISI Account with the Bank, you must be at least 18 years old and a registered and active M-PESA Safaricom Mpesa Subscriber. The Bank reserves the right to verify with Safaricom the authenticity and status of your M-PESA Mpesa Account. 4.2. 4.2 You may open an M-Shwari FANISI Account solely by way of an electronic application made by you using your Equipment via the M-Shwari Menu on the M-PESA SystemFANISI Menu. 4.3. 4.3 You hereby agree and authorize the Bank to request Safaricom for your personal information held by Safaricom pursuant to the agreement between you and Safaricom for the provision of Safaricom products and services and M-PESA Mpesa Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom for information relating to your use of the M-PESA Service Mpesa Service, Mpesa S y s t e m and M-PESA System Safaricom Services as the Bank shall require for purposes of providing you the Services (“M-PESA Mpesa Information”). You hereby consent to the disclosure of the Personal Information and the M-PESA Mpesa Information by Safaricom to the Bank and to the aforesaid use of the Personal Information and the M-PESA Mpesa Information by the Bank. 4.4. 4.4 You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank. 4.5. 4.5 You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect as contained in the IPRSIPRS 5. M- FANISI ACCOUNT 5.1 As a holder of a M- Fanisi Account, you will be entitled, subject to these Terms and Conditions, to transfer money from your Mpesa and/or make withdrawals from /into your Mpesa, and/or to borrow money from the Bank as follows: 5.2 You may make deposits into your M- Fanisi Account or withdraw funds therefrom using the M- Fanisi Account Menu on your Equipment. 4.6. 5.3 You will not be required to notify the Bank in advance of making a deposit or withdrawal into or from your M- Fanisi Account. 5.4 The Bank reserves shall channel withdrawals from your M- Fanisi Account into your Mpesa account 5.5 Transaction Fees and applicable Bank fees, commissions and other charges will be charged on all transactions between your other Bank account (s) and your M- Fanisi Account, as well as on any transactions on your M- Fanisi Account facilitated through Xxxxxx bank. 5.6 There will be no restrictions on the right number of deposits into your M- Fanisi Account over any period of time subject to request for further information from you pertaining a minimum deposit of Ksh. 1. 5.7 Subject to availability of sufficient funds to your application credit, the Bank shall impose no restrictions on the number of withdrawals you may make from your M- Fanisi Account over any period of time. You may withdraw up to the maximum allowable limit under the Safaricom service 5.8 Through the M- Fanisi Account Menu on your Equipment, you may establish standing orders and instruct the Bank to make loan repayments and establish term deposits using funds from your M- Fanisi Account. 5.9 As a holder of a M- Fanisi Account, you may, subject to these terms and conditions, apply for an a loan from the Bank using The M- Fanisi Account Menu on your Equipment. 5.10 No Overdraft will be allowed on your M- FANISI Account. 5.11 The Bank is entitled to demand repayment of any money overdrawn from your account together with interest and penalties. 6.1 The maximum savings limit on your MPESA Transaction Account shall be Kshs. 1,000,000/= or such other minimum or maximum amount as the Bank may from time to time in its sole discretion determine. If you however wish to save any amount above Kshs. 250,000 in your M-Shwari Account at Fanisi Transaction Account, you must provide the Bank with such further documentation and comply with any time. Failure to provide such information within the time other or further conditions as may be required by the Bank 6.2 The Maximum savings transfer into your M-Fanisi Transaction Account from Mpesa shall be a maximum of Kshs. 140,000 per day. 6.3 The maximum deposit transfer into your M-Fanisi Transaction Account from Mpesa shall be Kshs. 70,000 per deposit transaction. 6.4 Deposit via Bank may result in the Bank declining Branches will have no maximum limit on deposit. 6.5 The Minimum deposit for your M-Fanisi Transaction Account and minimum transferrable amount from your M-Fanisi Transaction Account shall be Kshs. 6.6 You shall not be entitled to accept overdraw your application for an M- Shwari M-Fanisi Transaction Account. 4.7. Acceptance by 6.7 In the Bank of your application for an M-Shwari Account shall be done via SMS sent to the Safaricom Mobile Phone Number associated with event that your M-PESA Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari Fanisi Transaction Account does not create any contractual relationship between you and Safaricom beyond become overdrawn, debit interest shall accrue to the terms and conditions that apply to your M- PESA Account from time to time. 4.8account on the debit balance. The debit interest shall be equal to the maximum unauthorized overdraft rate levied on Bank reserves the right to decline your application for an M-Shwari Account or to revoke the same at any stage at the Bank’s sole discretion and without assigning any reason or giving any notice theretocurrent accounts.

Account Opening. 4.1. In order to To open an M-Shwari Account with or join a group for purposes of the BankWEF Mobile Savings and Loan Product, you must meet the following requirements: 4.1.1. be a woman at who is aged at least 18 years old and years; 4.1.2. be a registered and active M-PESA SubscriberSubscriber with Safaricom; 4.1.3. The Bank not be a member of another existing group, it being understood that no Customer shall be a member of more than one group for purposes of the WEF Mobile Savings and Loan Product; and 4.1.4. must have used your mobile number on the Safaricom network for at least ninety (90) days. 4.2. WEF reserves the right to verify with Safaricom the IPRS the authenticity and status of your M-PESA Account. 4.2. You may open an M-Shwari Account solely by way of an electronic application made by you using your Equipment via the M-Shwari Menu on the M-PESA Systemdetails. 4.3. You hereby agree and authorize the Bank WEF to request Safaricom for your personal information held by Safaricom pursuant to the agreement between you and Safaricom for the provision of Safaricom products and services and M-PESA Service products and services including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank WEF to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). You hereby consent to the disclosure of the Personal Information by Safaricom and to the aforesaid use of the Personal Information by the WEF. 4.4. You also hereby agree and authorize the Bank WEF to request Safaricom IPRS for information relating to your use of the M-PESA Service and M-PESA System ID as the Bank WEF shall require for purposes of providing you the Services (“M-PESA Information”)Services. You hereby consent to the disclosure of the Personal Information and the M-PESA Information by Safaricom IPRS to the Bank WEF and to the aforesaid use of the Personal Information and the M-PESA Information by the BankWEF. 4.44.5. You hereby agree and authorize the Bank WEF to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the BankWEF. 4.54.6. You hereby further acknowledge and authorize the Bank WEF to verify your Personal Information received from Safaricom pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect as contained in the IPRS. 4.64.7. The Bank WEF reserves the right to request for further information from you pertaining to your application for an M-Shwari a WEF Mobile Savings and Loan Product Account at any time. Failure to provide such information within the time required by the Bank WEF may result in the Bank WEF declining to accept your application for an M- Shwari a WEF Mobile Savings and Loan Product Account. 4.74.8. Acceptance by the Bank WEF of your application for an M-Shwari Account a WEF Mobile Savings and Loan Product shall be done via SMS sent to the Safaricom Mobile Phone Number associated with your M-PESA MPESA Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari Account does not create any contractual relationship between you and Safaricom beyond the terms and conditions that apply to your M- PESA Account from time to time. 4.84.9. The Bank WEF reserves the right to decline your application for an M-Shwari a WEF Mobile Savings and Loan Product Account or to revoke the same at any stage at the BankWEF’s sole discretion and without assigning any reason or giving any notice thereto.

Account Opening. 4.1. 4.1 In order to open an M-Shwari a Faulu Digital Account with the Bank, you must be at least 18 Eighteen (18) years old with legal capacity to contract, and a registered and active M-PESA SubscriberMobile Subscriber with a mobile service provider with which the Bank has an agreement with for the provision of this service. The Bank reserves the right to verify with Safaricom the IPRS the authenticity and status of your M-PESA Accountdetails. 4.2. 4.2 You may open an M-Shwari a Faulu Digital Account solely by way of an electronic application made by you using your Equipment via the M-Shwari Account Opening Menu on the M-PESA System.Mobile Banking System or on USSD (*339#) 4.3. 4.3 You hereby agree and authorize the Bank to request Safaricom IRPS for your personal information held by Safaricom IPRS pursuant to the agreement between you and Safaricom Faulu MFB for the provision of Safaricom Mobile Banking products and services and M-PESA Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” KYC requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom IPRS for information relating to your use of the M-PESA Service and M-PESA System ID as the Bank shall require for purposes of providing you the Services (“M-PESA Information”)Services. You hereby consent to the disclosure of the Personal Information and the M-PESA Information by Safaricom IPRS to the Bank and to the aforesaid use of the Personal Information and the M-PESA Information by the Bank. 4.4. 4.4 You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank. 4.5. 4.5 You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom Mobile Network pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect as contained in the IPRS. 4.6. 4.6 The Bank reserves the right to request for further information from you pertaining to your application for an M-Shwari Faulu Digital Account at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for an M- Shwari Faulu Digital Account. 4.7. 4.7 Acceptance by the Bank of your application for an M-Shwari a Faulu Digital Account shall be done via SMS sent to the Safaricom Mobile Phone Number associated with your M-PESA Mobile Money Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari a Faulu Digital Account does not create any contractual relationship between you and Safaricom the Mobile Network beyond the terms and conditions that apply to your M- PESA Faulu Digital Account from time to time. 4.8. 4.8 The Bank reserves the right to decline your application for an M-Shwari a Faulu Digital Account or to revoke the same at any stage at the Bank’s sole discretion and without assigning any reason or giving any notice thereto.

Account Opening. 4.1. In order to open an M-Shwari PAWA Account with the Bank, you must be at least 18 years old and a registered and active M-M- PESA Subscriber. The Bank reserves the right to verify with Safaricom M-PESA Limited the authenticity and status of your M-PESA Account. 4.2. You may open an M-Shwari PAWA Account solely by way of an electronic application made by you using your Equipment via the M-Shwari PAWA Menu on the M-PESA System. 4.3. You hereby agree and authorize the Bank to request Safaricom M-PESA Limited for your personal information held by Safaricom M-PESA Limited pursuant to the agreement between you and Safaricom M-PESA Limited for the provision of Safaricom M-PESA Limited's products and services and M-PESA Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” (Anti Money Laundering) requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom M-PESA Limited for information relating to your use of the M-PESA Service and M-PESA System as the Bank shall require for purposes of providing you the Services (“M-PESA Information”). You hereby consent to the disclosure of the Personal Information and the M-PESA Information by Safaricom M-PESA Limited to the Bank and to the aforesaid use of the Personal Information and the M-PESA Information by the Bank. 4.4. You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS ETS from the Government of Kenya M-PESA Limited and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the BankM-PESA Limited. 4.5. You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom M-PESA Limited pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect M-PESA Limited as contained in the IPRSETS. 4.6. The Bank reserves the right to request for further information from you pertaining to your application for an M-Shwari PAWA Account at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for an M- Shwari M-PAWA Account. 4.7. Acceptance by the Bank of your application for an M-Shwari PAWA Account shall be done via SMS sent to the Safaricom Vodacom Mobile Phone Number associated with your M-PESA Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari PAWA Account does not create any contractual relationship between you and Safaricom M-PESA Limited beyond the terms and conditions that apply to your M- M-PESA Account from time to time. 4.8. The Bank reserves the right to decline your application for an M-Shwari PAWA Account or to revoke the same at any stage at the Bank’s sole discretion and without subject to assigning any reason or giving thereto; the exercise of the foregoing right is subject to any notice theretoother Applicable Laws and notification to you.

Account Opening. 4.1. In order to open an M-Shwari Account with the Bank, you must be at least 18 years old and a registered and active M-PESA Subscriber. The Bank reserves the right to verify with Safaricom the authenticity and status of your M-PESA Account. 4.2. You may open an M-Shwari Account solely by way of an electronic application made by you using your Equipment via the M-Shwari Menu on the M-PESA System. 4.3. You hereby agree and authorize the Bank to request Safaricom for your personal information held by Safaricom pursuant to the agreement between you and Safaricom for the provision of Safaricom products and services and M-PESA Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom for information relating to your use of the M-PESA Service and M-PESA System as the Bank shall require for purposes of providing you the Services (“M-PESA Information”). You hereby consent to the disclosure of the Personal Information and the M-PESA Information by Safaricom to the Bank and to the aforesaid use of the Personal Information and the M-PESA Information by the Bank. We employ a range of technologies and internal policy framework to protect the information and data maintained on our systems from loss, unauthorized access, disclosure, alteration, or destruction and has at all times taken and takes all steps reasonably necessary to ensure the confidentiality and integrity of such Personal Information and information and the way it is processed. These policies and standards are periodically updated to keep them up to date with regulations and market developments. 4.4. You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank. 4.5. You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect as contained in the IPRS. 4.6. The Bank reserves the right to request for further information from you pertaining to your application for an M-Shwari Account at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for an M- Shwari Account. 4.7. Acceptance by the Bank of your application for an M-Shwari Account shall be done via SMS sent to the Safaricom Mobile Phone Number associated with your M-PESA Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari Account does not create any contractual relationship between you and Safaricom beyond the terms and conditions that apply to your M- PESA Account from time to time. 4.8. The Bank reserves the right to decline your application for an M-Shwari Account or to revoke the same at any stage at the Bank’s sole discretion and without assigning any reason or giving any notice thereto.

Account Opening. 4.1. In order to open an M-Shwari Account with the Bank, you must be at least 18 years old and a registered and active M-PESA Subscriber. 5.1 The Bank reserves the right to verify with Safaricom the authenticity and status of your M-PESA Accountaccount. 4.2. 5.2 You may open an M-Shwari Account solely access the Hustler Fund Saving and Micro Enterprise Loan Product by way of an electronic application made by you using your Equipment mobile phone via the M-Shwari Menu Hustler Fund menu on the M-PESA SystemSafaricom Network system by dialing *254#. 4.3. 5.3 You hereby agree consent and authorize the Bank to request Safaricom for for, receive, record, disclose or utilize your personal information held by Safaricom pursuant to the agreement between you and Safaricom for the provision of Safaricom products and services and M-PESA Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom for information relating to your use of the M-PESA Service and Service, M-PESA System and Safaricom Services as the Bank shall require for purposes of providing you the Services (“M-PESA InformationCustomer information”)) and in particular to determine your credit limit. You hereby consent to the disclosure of the Personal Information and the M-PESA Information Customer information by Safaricom to the Bank and to the aforesaid use of the Personal Information and the M-PESA Information Customer information by the Bank. 4.4. 5.4 You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank. 4.5. 5.5 You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect as contained in the IPRS. 4.6. 5.6 The Bank reserves the right to request for further information from you pertaining to your application for an M-Shwari Account a Hustler Fund Micro Enterprise Loan Product funds at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for an M- Shwari Accountthe Loan. 4.7. 5.7 Acceptance by the Bank of your application for an M-Shwari Account a Hustler Fund Micro Enterprise Loan Product shall be done via SMS sent to the Safaricom Mobile Phone Number associated with your M-PESA Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari Account does not create any contractual relationship between you and Safaricom beyond the terms and conditions that apply to your M- PESA Account from time to time. 4.8. 5.8 The Bank reserves the right to decline your application for an M-Shwari Account or to revoke the same at any stage at the Bank’s sole discretion and without assigning any reason or giving any notice theretoa Loan.

Account Opening. 4.1. In order to open an M-Shwari a VIKOBA Account with the Bankus, you all group members must be at least 18 years old and a registered and active M-PESA Airtel Money Subscriber. The Bank reserves the right to verify with Safaricom Airtel Money the authenticity and status of your M-PESA members Airtel Money Account. 4.2. You may open an M-Shwari VIKOBA Account solely by way of an electronic application made by you using your Equipment via the M-Shwari VIKOBA Menu on the M-PESA Airtel Money System. 4.3. You hereby agree and authorize the Bank to request Safaricom Airtel Money for your personal information held by Safaricom Airtel Money Limited pursuant to the agreement between you and Safaricom Airtel Money for the provision of Safaricom Airtel Money’s products and services and M-PESA Airtel Money Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” (Anti Money Laundering) requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom Airtel Money for information relating to your use of the M-PESA Airtel Money Service and M-PESA Airtel Money System as the Bank shall require for purposes of providing you the Services (“M-PESA Airtel Money Information”). You hereby consent to the disclosure of the Personal Information and the M-PESA Airtel Money Information by Safaricom Airtel Money to the Bank and to the aforesaid use of the Personal Information and the M-PESA Airtel Money Information by the Bank. 4.4. You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS any system (include but not limited to Middleware, IPG, eKYC etc.) from the Government of Kenya Airtel Money and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the BankAirtel Money Limited. 4.5. You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom Airtel Money pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect Airtel Money as contained in the IPRSMiddleWare/IPG, eKYC. 4.6. The Bank reserves We reserve the right to request for further information from you pertaining to your application for an M-Shwari a VIKOBA Account at any time. Failure to provide such information within the time required by the Bank us may result in the Bank declining to accept your application for an M- Shwari a VIKOBA Account. 4.7. Acceptance by the Bank us of your application for an M-Shwari Account a VIKOBA Account, shall be done via SMS sent to the Safaricom Airtel Mobile Phone Number associated with your M-PESA Airtel Money Account. You acknowledge and accept that the acceptance by the Bank us of your application for an M-Shwari a Airtel Money Account does not create any creates a contractual relationship between you and Safaricom us beyond the terms and conditions that apply to your M- PESA Airtel Money Account from time to time. 4.8. The Bank reserves We reserve the right to decline your application for an M-Shwari VIKOBA Account or to revoke the same at any stage at the Bank’s our sole discretion and without subject to assigning any reason or giving any notice theretothere to.

Account Opening. 4.1. In order to To open an M-Shwari a KCB Mobile Loan Account with the Bank, you must be at least 18 years old and old, a registered and active M-PESA SubscriberMobile Subscriber with a mobile service provider with which the Bank has an agreement with for the provision of this service. The Bank reserves the right to verify with Safaricom the IPRS the authenticity and status of your M-PESA Accountdetails. 4.2. You may open an M-Shwari a KCB Mobile Loan Account solely by way of an electronic application made by you using your Equipment via the M-Shwari KCB Mobile Loan Menu on the M-PESA KCB Mobile System. 4.3. You hereby agree and authorize the Bank to request Safaricom IPRS for your personal information held by Safaricom IPRS pursuant to the agreement between you and Safaricom KCB for the provision of Safaricom Mobile Banking products and services and M-PESA Banking Service including your phone number, name, date of birth, ID or Passport Number and such other information that will enable the Bank to identify you and comply with the regulatory “Know Your Customer” requirements (together the “Personal Information”). You also hereby agree and authorize the Bank to request Safaricom IPRS for information relating to your use of the M-PESA Service and M-PESA System ID as the Bank shall require for purposes of providing you the Services (“M-PESA Information”)Services. You hereby consent to the disclosure of the Personal Information and the M-PESA Information by Safaricom IPRS to the Bank and to the aforesaid use of the Personal Information and the M-PESA Information by the Bank. 4.4. You hereby agree and authorize the Bank to obtain and procure your Personal Information contained in the IPRS from the Government of Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to the Bank. 4.5. You hereby further acknowledge and authorize the Bank to verify your Personal Information received from Safaricom Mobile Network pursuant to Clause 4.3 against the information received from the Government of Kenya in your respect as contained in the IPRS. 4.6. The Bank reserves the right to request for further information from you pertaining to your application for an M-Shwari a KCB Mobile Loan Account at any time. Failure to provide such information within the time required by the Bank may result in the Bank declining to accept your application for an M- Shwari a KCB Mobile Loan Account. 4.7. You undertake to update the personal information provided when opening the Bank Account within thirty (30) days from the date of any changes to the information provided therein. 4.8. Acceptance by the Bank of your application for an M-Shwari Account a KCB Mobile Loan shall be done via SMS sent to the Safaricom Mobile Phone Number associated with your M-PESA Bank Account. You acknowledge and accept that the acceptance by the Bank of your application for an M-Shwari Account does not create any contractual relationship between you and Safaricom beyond the terms and conditions that apply to your M- PESA Account from time to time. 4.84.9. The Bank reserves the right to decline your application for an M-Shwari a KCB Mobile Loan Account or to revoke the same at any stage at the Bank’s sole discretion and without assigning any reason or giving any notice thereto. 4.10. After successful registration, you can use the Services seven (7) days a week, twenty- four (24) hours a day, although some or all of the Services will not be available during regularly scheduled maintenance periods or due to system/network interruptions.