It was introduced in Kenya as ‘Mkopo Rahisi’ in the year 2014. It was later renamed as Tala. For an applicant to procure a loan one requires to have a smartphone and an operating M-pesa.
For more information access the; Tala Loan App
- Saida Loan App
Saida uses the Saida Loan App to issue loans to applicants. However, unlike other online loans, an applicant needs to have an Airtel or M-pesa accounts. They should be active accounts.
For more information access the; Saida Loan App
- Zidisha Loans
Zidisha is an international firm. It lends money to people through an online platform that links creditors to borrowers directly. To access Zidisha loans you need to be residing in a country where Zidisha operates. The amount of loan offered is as low as KES 10,000
- Timiza App
It was officially launched by Barclays Bank in Kenya. Timiza is accessible by anyone with a mobile phone with an android system. It offers instant online loans.
You can dial *848# to access loan services from Timiza.
- Stawika Loan App
It was introduced by Stawika Capital Limited. It issues loans and credit support to Kenyans. Once the loan is approved, it takes few minutes to be disbursed.
For more information access the; Stawika Loan App
- Pesa Zone Loan App
You can access loans from this App anywhere in Kenya. There is no need for security or guarantors to be attached in the procuring of loans. The amount of loan offered is as low as KES 250
- OKOA Loan App
Okoa Stima was established by Kenya Power in Partnership with Safaricom. It is generally used to pay for the electricity. An applicant must have M-pesa account that is active. The amount of loan offered is as low as KES 100. There is a 10% charged as interest rate.
For more information access the; Okoa Stima
It was introduced in Kenya in the year 2015. An applicant needs to have a registered M-pesa, an Identification Card and a Facebook account. The amount of loan offered is as low as KES 1,000
For more information access the; Branch Loan App
- Shika Loan App
It can only be accessed by people with android mobile phones. The loan is issued through the M-pesa account and can only be granted to Safaricom subscribers in Kenya. The amount of loan offered is as low as KES 500.
For more information access the; Shika Loan App
- Zawadi Loans
An applicant to qualify for Zawadi Loans he/she must be employed. The loans are basically offered depending on the Zawadi’s evaluation on the capability of an applicant to repay the loans. It takes only 2 hours to receive approval on Zawadi Loan.
For more information access the website; zawadikenya.co.ke
- Haraka Loans
To access the Haraka Loans you require to have the Haraka Loan App. An applicant needs to sign up with Facebook account to qualify for a Haraka loan. The amount of loan offered is as low as KES 500.