Tanzanian gospel singer Christina Shusho says she was in debt after purchasing land in different areas between 2016 and 2018. Speaking on her new YouTube channel, Reli, she said she wanted to build a house. “It was my dream to have a house, one with a swimming pool, in Mikocheni, Tanzania. The seller gave me … Read more
Faraja is a collaboration between Safaricom and EDOMx, a local fintech company that specializes in digital solutions for merchants and consumers. Faraja Credit through the Mpesa app can enable you to buy anything and pay later by simply dialing *799#. Safaricom Kenya some months back launched a new service Faraja credit. Faraja means joy in … Read more
Safaricom Mpesa business loans are a new service that has been recently launched by Peter Ndegwa, the new CEO of Safaricom, Kenya’s leading mobile-network service provider. The service aims to make it easier for small business owners and entrepreneurs to access financial services to help them to grow their businesses. In order to get a … Read more
Imarisha Sacco is a Kenyan Savings and Credit Cooperative Organization (SACCO) that offers various types of loans to its members. Imarisha Sacco aims to empower its members financially by offering various services to meet their financial needs While specific Imarisha Sacco Loans products may vary over time, here are some common types of loans that … Read more
The African multinational Letshego Group services public and private sector individual clients and micro and small entrepreneurs with over 3,000 employees from 21 nationalities. Letshego operates in Eswatini, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Tanzania, and Uganda. The group parent company, Letshego Holdings Limited, is listed on the Botswana Stock Exchange, and its subsidiaries … Read more
Letshego Kenya, the largest credit microfinance institution in the country in partnership with Creditinfo Kenya has launched the ‘Letsgo cash’ App, a self-service loan product and short-term provider of instant loans. An invention of the Microfinance Company, Letshego Kenya that provides loans to people across both private and public sectors, LetsGo Cash offers a minimum … Read more
Most Logbook Loan Providers in Kenya provide loans within 24 hours. The loans offered cover up to 80% of the vehicle’s value, irrespective of the model and age of the vehicle. Here are some of the best logbook loan providers in Kenya. 1. Mwananchi Credit Mwananchi Credit is one of Kenya’s most trusted logbook loans provider … Read more
On average, the annual interest rate for the Kenyan top 10 most expensive bank loans is within a range of 13.8% – 14.5% for the various categories of loans offered. This is approximately 7.0% points higher than South Africa’s average annual rate which stands at 7.5% and 11.2% higher than USA’s 3.3%. However, Kenya’s average … Read more
This year, Google Play Store adopted a new policy requiring loan apps in Kenya to be approved by the regulator, the Central Bank. This was meant to curb Kenyans from fraudulent loan apps. Earlier last year, the Central Bank had also required that these apps provide information on their sources of funds, to prevent bad players from illegal business … Read more
KPLC (Kenya Power and Lighting Company) offers a loan facility called the Stima Loan to its customers. This loan is aimed at helping customers meet their electricity bills and also make payments for their KPLC tokens. If you are interested in applying for the KPLC Stima Loan, Here Is A Step-By-Step Guide On How To … Read more
A money market accounts (MMA) are the type of savings account that typically offers a higher interest rate than a traditional savings account. In Kenya, MMAs are offered by various banks and financial institutions. Here are some key things to know about MMAs in Kenya: Overall, a money market account can be a good option … Read more
Obtaining a loan without Security can be challenging in Kenya. Many lenders require collateral to secure their loans, which makes it difficult for borrowers who do not have any assets to pledge. However, there are still several options available for obtaining a loan without security in Kenya. In this article, we will explore some of … Read more
M-Pesa is a mobile money service that was introduced in Kenya in 2007. Since then, it has become a popular means of conducting financial transactions in the country. M-Pesa allows users to deposit, withdraw, transfer money, pay bills, and even take out emergency loans using their mobile phones. In this article, we will look at … Read more
In Kenya, there are several loans without security options available for individuals who need quick access to funds. One such option is an unsecured loan, which does not require the borrower to put up any collateral to secure the loan. In this article, we will discuss 15 loans without security in Kenya that are available … Read more
Ipesa Loan App is a leading fintech company in Kenya that provides instant, unsecured, and mobile loans to individuals and businesses. The company was founded in 2016 and has since grown to become a major player in the Kenyan lending market. Ipesa has built a reputation for offering fast and convenient loans that are accessible … Read more
Mobile phones have become an essential part of our daily lives. They have transformed the way we communicate, work, and socialize. As mobile phones have become more advanced and expensive, it has become increasingly difficult for people to afford them outright. This has led to the emergence of mobile phones on loans, which allow people … Read more