• The presence of KCB is anticipated help in providing secure savings and more reasonable loan options.
  • KCB’s entry into Kendu Bay has reignited hopes for economic revival among residents and local business owners, who view the establishment of a bank as recognition of the town's untapped potential.

December 9, 2024 marked a new journey for Kendu Bay town residents as they witnessed the opening of a first bank in the area since time immemorial, Kenya Commercial Bank (KCB).

Founded over a century ago, Kendu Bay served as a bustling hub for Arab traders during the late 19th and early 20th centuries, leveraging its access to the railway from Mombasa and Lake Victoria to flourish as a commercial centre in South Nyanza.

However, the decline of water transport systems in the 1980s precipitated a downturn, leading to a mass exodus as residents sought better economic opportunities.

This migration allowed neighbouring towns like Oyugis to thrive, as they attracted financial institutions and diversified business ventures.

"KCB Bank is proud to announce the opening of our first Branch in Kendu Bay – a significant milestone for both the bank and the local community!" KCB Group wrote on X.

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"Exciting news from Kendu Bay Town - after over a century, the town has welcomed its first commercial bank! This milestone provides a promising opportunity for Homa Bay County's fifth-largest urban centre to further drive economic growth and restore its reputation as a thriving commercial hub. A special thanks to KCB Group for selecting Kendu Bay as the location for their 209th branch. Cheers to a bright future ahead!" Governor Gladys Wanga wrote on her X space.

KCB’s entry into Kendu Bay has reignited hopes for economic revival among residents and local business owners, who view the establishment of a bank as recognition of the town's untapped potential.

The presence of KCB is anticipated help in providing secure savings and more reasonable loan options.

The community has faced significant challenges from informal money lenders, known as Shylocks, who often demand household items as collateral for small loans, leading to tragic consequences for traders unable to repay their debts.

The establishment of KCB is expected to enhance both safety and operational efficiency for businesses in Kendu Bay.