All about loans in Kenya
Personal loans are a great way to raise money for various needs, such as starting a business, purchasing an asset, consolidating debt, or dealing with an emergency. However, this doesn’t mean you should walk into the first financial institution you come across and apply for a personal loan. Taking a […]
For those who don’t have enough money to start a business, Mwananchi Credit is a microfinance institution that provides loans and other financial products. They can help you with an overdraft facility if your bank account has fallen below the limit you set. It’s relatively easy to apply for an […]
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 […]
This account allows you to lock a specific amount of cash for a period of up to 12 months. How does it work? Access M-PESA menu Select Loans and Savings Select KCB M-PESA Select Fixed Savings Account Select Fixed deposit Open Account Select the source of funds; M-PESA or KCB […]
Timiza is an online Mobile money app by Absa group, formerly known as Barclays Bank Kenya, one of the local banks in Kenya. As mentioned earlier, the lending app craze in Kenya has forced mainstream financial players to innovate. Unlike other apps from banks, the best thing about Timiza is […]