Loan Apps approved by the Central Bank of Kenya

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

Safaricom Faraja Loan, Application, and Repay

Safaricom Faraja Loan

Safaricom Faraja Loan is a 0% interest, Buy Now Pay Later product in conjunction with Safaricom that provides consumers with credit to make in-store purchases at select merchant stores countrywide. Safaricom PLC has launched Faraja an interest-free loan facility for paying for services and buying goods. This zero-interest credit service is a telco, Equity Bank Limited, … Read more

Faraja Loan by Safaricom – How to Apply, Repay & Get Interest-Free Loans

Faraja Loan by Safaricom

Safaricom, Kenya’s leading telecommunications provider, has introduced Faraja Loan, a new interest-free loan product designed to offer financial relief to M-Pesa users. This initiative aims to provide quick, accessible, and affordable credit without the burden of high-interest rates. In this guide, we’ll explore how the Faraja Loan works, eligibility requirements, application steps, repayment methods, and its benefits compared … Read more