All about loans in Kenya
1. Fuliza Fuliza is an on-going overdraft service available for Safaricom’s M-PESA customers for them to be able to complete their M-PESA transactions even when they do not have enough funds in their M-PESA account. For you to be able to enjoy Fuliza M-PESA services you need to be registered […]
This is a savings account that allows M-Shwari customers to save for a defined purpose and for a specified amount of time. The funds saved on the M-Shwari Lock Savings account will be kept in the account until the maturity date; this maturity date is determined by the customer upon […]
Mshwari is one of the most widely used mobile loan services in Kenya. It is not just a lending platform but a paperless banking service that allows users to save in addition to borrowing. Saving money through Mshwari earns you a 6.65% interest per annum. You access loans of a […]
This account allows you to set a target and make deposits towards achieving that target. How does it work? Go to M-PESA menu Select Loans and Savings Select KCB M-PESA Select Fixed Savings Select Target Savings Account Select Open Account Select source of funds; M-PESA or KCB M-PESA Enter Target […]
SASA PESA LOANS Pesa na pesa This is a micro-credit service commonly referred to by people as Pesa na Pesa that issues loans through the use of mobile phone. It was established in the year 2015. However, this Pesa na Pesa service can be accessed by individuals who are Safaricom […]
M-pesa can be defined as a branchless mobile-based banking. It was introduced by Vodafone in the year 2007. M-pesa offer various services to its’ customers. They include; purchase of airtime, deposit and withdrawal of money, payment of bills [lipa na M-pesa]. M-pesa also offers online loans. ELIGIBILITY: The following are […]
Payday loans are short term ‘low interest’ loans whereby the person lending the money allocates loans with high interest in-regards to the borrower’s income and credit profile. Payday loans are issued the same day an applicant applies for them. ELIGIBILITY: The following are the qualification necessary to qualify for Payday […]
BRANCH MOBILE LOAN APP An applicant can acquire as low as Kshs. 250 to highs of 50,000. Branch mobile App can be linked to Facebook and gives loans through the MPESA. The interest on the loan ranges from 1% to 4%. The interest rate becomes better as one continues procuring […]
M-Pesa is a mobile based banking service that allows users to store and transfer money through their mobile phone. M-Pesa was launched by Safaricom and Vodacom in 2007. M-Pesa is a combination of two entities in which M means mobile and Pesa means payment in the Swahili language. The procedure […]