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. The Bank may 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. The Bank may 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”). The Bank may seek your consent to approve 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 from the Government of Kenya’s repositories, which includes but is not limited to IPRS and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to us. 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 repositories (including but not limited to 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. You hereby expressly consent and authorize us to disclose, receive, record or utilize your Personal Information or information or data relating to your M- Shwari Account with respect to the Service and any details on your use of the KCB M-Pesa and Fuliza services for the purposes of this Service and other services as we shall advise you between the Bank, KCB and Safaricom for the purposes of this Service and other services as we shall advise you. 4.8. 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. 4.9. 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. 4.10. The Bank will adhere to the Privacy Clause herein to undertake its obligations herein.

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. The You hereby agree and authorize the Bank may 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” requirementsrequirements (together the “Personal Information”). The You also hereby agree and authorize the Bank may 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”). The Bank may seek your You hereby consent to approve 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’s repositories, which includes but is not limited to IPRS Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to usthe 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 repositories (including but not limited to 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. You hereby expressly consent and authorize us to disclose, receive, record or utilize your Personal Information or information or data relating to your M- Shwari Account with respect to the Service and any details on your use of the KCB M-Pesa and Fuliza services for the purposes of this Service and other services as we shall advise you between the Bank, KCB and Safaricom for the purposes of this Service and other services as we shall advise you. 4.8. Acceptance by the Bank of your application for an M- 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- 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. 4.94.8. 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. 4.10. The Bank will adhere to the Privacy Clause herein to undertake its obligations herein.

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. The You hereby agree and authorize the Bank may 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” requirementsrequirements (together the “Personal Information”). The You also hereby agree and authorize the Bank may 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”). The Bank may seek your You hereby consent to approve 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’s repositories, which includes but is not limited to IPRS Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to usthe 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 repositories (including but not limited to 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. You hereby expressly consent and authorize us to disclose, receive, record or utilize your Personal Information or information or data relating to your M- Shwari Account with respect to the Service and any details on your use of the KCB M-Pesa and Fuliza services for the purposes of this Service and other services as we shall advise you between the Bank, KCB and Safaricom for the purposes of this Service and other services as we shall advise you. 4.8. Acceptance by the Bank of your application for an M- 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- 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. 4.94.8. 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. 4.10. The Bank will adhere to the Privacy Clause herein to undertake its obligations herein.

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. The Bank may You hereby agree and authorize 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. The Bank may request Safaricom for information relating to your use of requirements (together the M-PESA Service and M-PESA System as the Bank shall require for purposes of providing you the Services (“M-PESA Personal Information”). The Bank may seek your You hereby consent to approve 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 by the WEF. 4.4. You also hereby agree and authorize the M-PESA WEF to request IPRS for information relating to your ID as the WEF shall require for purposes of providing you the Services. You hereby consent to the disclosure of the Personal Information by IPRS to the WEF and to the aforesaid use of the Personal 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 developmentsWEF. 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’s repositories, which includes but is not limited to IPRS Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to usthe WEF. 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 repositories (including but not limited to 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. 4.7. You hereby expressly consent and authorize us to disclose, receive, record or utilize your Personal Information or information or data relating to your M- Shwari Account with respect to the Service and any details on your use of the KCB M-Pesa and Fuliza services for the purposes of this Service and other services as we shall advise you between the Bank, KCB and Safaricom for the purposes of this Service and other services as we shall advise you. 4.8. 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. 4.9. 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. 4.10. The Bank will adhere to the Privacy Clause herein to undertake its obligations herein.

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 Account. 4.2. 5.2 You may open an M-Shwari Account solely access the Hustler Fund Savings and Loan Product by way of an electronic application made dialing *254# or by such other means as may be notified to you using your Equipment via the M-Shwari Menu on the M-PESA Systemby us. 4.3. The 5.3 You hereby consent and authorize the Bank may 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 products and services 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” requirementsrequirements (together the “Personal Information”). The You also hereby agree and authorize the Bank may to request Safaricom for information relating to your use of the M-PESA Service Service, the M- PESA System and M-PESA System 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. The Bank may seek your You hereby consent to approve 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. 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. 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’s repositories, which includes but is not limited to IPRS Kenya and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to usthe 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 repositories (including but not limited to 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 Savings and 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 Accounta Personal Loan. 4.7. You hereby expressly consent and authorize us to disclose, receive, record or utilize your Personal Information or information or data relating to your M- Shwari Account with respect to the Service and any details on your use of the KCB M-Pesa and Fuliza services for the purposes of this Service and other services as we shall advise you between the Bank, KCB and Safaricom for the purposes of this Service and other services as we shall advise you. 4.8. 5.7 Acceptance by the Bank of your application for an M- Shwari Account a Hustler Fund Savings and Loan Fund 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. 4.9. 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 Personal Loan. 4.10. The Bank will adhere to the Privacy Clause herein to undertake its obligations herein.

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. The Bank may 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. The Bank may 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”). The Bank may seek your consent to approve 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 The Bank to may obtain and procure your Personal Information contained in the IPRS from the Government of Kenya’s repositories, which includes but is not limited to IPRS and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to us. 4.5. You hereby further acknowledge and authorize the The Bank to may verify your Personal Information received from Safaricom pursuant to Clause 4.3 against the information received from the Government of Kenya repositories (including but not limited to 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. You hereby expressly consent and authorize us to disclose, receive, record or utilize your Personal Information or information or data relating to your M- Shwari Account with respect to the Service and any details on of your use of the KCB M-Pesa and Fuliza services Services for the purposes of this Service and other services as we shall advise you between the Bank, KCB Bank and Safaricom for the purposes of this Service and other services as we shall advise you.; 4.8. 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. 4.9. 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. 4.10. The Bank will adhere to the Privacy Clause herein to undertake its obligations herein.. As a holder of an M-Shwari Account, you will be entitled, subject to these Terms and Conditions, to operate an M-Shwari Lock savings account (hereinafter the “M-Shwari Lock Savings Account”) and M-Shwari deposit account (hereinafter the “M- Shwari Deposit Account”) into which you may transfer money from your M-PESA Account and/or make withdrawals therefrom into your M-PESA Account, and/or to borrow money from the Bank as follows:

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. The Bank may 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. The Bank may 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”). The Bank may seek your consent to approve 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 from the Government of Kenya’s repositories, which includes but is not limited to IPRS and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Kenya to us. 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 repositories (including but not limited to 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. You hereby expressly consent and authorize us to disclose, receive, record or utilize your Personal Information or information or data relating to your M- Shwari Account with respect to the Service and any details on your use of the KCB M-Pesa and Fuliza services for the purposes of this Service and other services as we shall advise you between the Bank, KCB and Safaricom for the purposes of this Service and other services as we shall advise you. 4.8. 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 n o t c r e a t e a n y contractual relationship between you and Safaricom beyond the terms and conditions that apply to your M- PESA Account from time to time. 4.9. 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. 4.10. The Bank will adhere to the Privacy Clause herein to undertake its obligations herein.