Delivery of cash under HSNP is through a fully operational bank account with an ATM Mastercard card.
The cash transfer value has been revised upwards periodically over time to align the programme with the realities of inflation.
- Financial year 2013/14 - ksh2,300
- Financial year 2014/15 - Ksh2,450
- Financial year 2015/16 - Ksh2,550
- Financial year 2016/to-date - Ksh2,700
Beneficiaries are paid after every two months in what is referred to as a payment cycle. Hence a beneficiary is entitled to Ksh5,400 per payment cycle.
Cash is deposited to the household’s bank account on the fifth of the first month of the payment cycle. To access cash a beneficiary will either;
- Present an ATM Card at Equity’s payment agents within their sub-location and access the account biometrically
- If they have a PIN number, he/she can also access funds through an ATM and
- Over the counter of their local bank branch or any Equity branch.
Communications on payments is made through HSNP field communications model where the Chiefs and Assistant Chiefs are at the center of grassroots communications.
Equity Bank Kenya Limited is the Payment Services Provider for the Programme. It had the most competitive bid based on;
- Cost
- Value to recipients/ beneficiaries
- The ability of the bidder to deliver payments to recipients
- Ability to improve financial access to the general population of non-recipients
- Strength of solution architecture Include or exclude other criteria
In the past 5 years, Equity Bank has opened up 11 new branches and 408 pay agency outlets in Turkana, Moyale, Marsabit, Wajir, and Mandera to support the delivery of cash transfers through bank accounts
Read more: Key messages on HSNP2 payments
