All about loans in Kenya
Unlike traditional money lenders whose loans come with stringent conditions, mobile loan apps are easily accessible to anyone with a mobile phone. They offer convenience, require no paperwork and provide instant results. Many young people are sold on this factor and that is one of the reasons why the appetite […]
Berry is one of the money lending apps. It offers flexible loans which are quick and convenient. It makes it easy for anyone to access credit anywhere and anytime in Kenya. Applying for a Berry Loan App will require you sent to then your Mpesa statement. Berry Loan App Download Go to […]
Another entrant into the money lending apps is Senti, which offers hassle-free loans straight to your M-Pesa. It can either download the App directly on the Senti website or get it on Google Play, where it has over 100,000 downloads. They offer loans with a limit of up to KES 70,000. […]
iPesa is a recent entry in the mobile loan industry. iPesa claims to be an Easy and Fast App that sends your credit direct to M-Pesa mobile money. iPesa loan app offers credits from as low as Ksh. 500 to Ksh. 50,000. The shortest tenor for credits is 91 days […]
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 […]
KCB MPESA is another mobile money lender affiliated with Safaricom although it is owned by the Kenya Commercial Bank. KCB M-Pesa also enables you to save, thus enabling you to borrow. KCB M-Pesa can be accessed through the M-Pesa menu on your phone, so you must have a Safaricom sim […]
Zenka is one of the best, and the best thing is that you get your first loan free. When you apply for 2000, you pay back 2000. Zenka loans start at Ksh 500 and can go up to 20,000. After the first free loan, the Zenka loan will charge an […]