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
Stima Sacco is one of the leading Savings and Credit Cooperatives in Kenya, serving employees in the energy sector. Joining Stima Sacco provides individuals with access to a wide range of financial services, including savings accounts, affordable loans, and investment opportunities. In this article, we will provide a step-by-step guide on how to join Stima … 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
The wines and spirits industry in Kenya has experienced significant growth over the years. With a growing middle class and changing consumer preferences, the demand for quality alcoholic beverages has been on the rise. If you are considering starting a wines and spirits business in Kenya, this comprehensive guide will provide you with the essential … 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
Eggs Wholesale Business: Eggs are an essential source of proteins that are majorly utilized in different sectors like baking as it is rich in cholesterol which reduces many health risks and is useful in growth and development. Eggs are important raw materials in the Baking, Confectionery, and Cosmetics industries which sometimes lead to the high … Read more
The Broadways Bakery was established by two brothers, Sobhagchand Shah, and Ratilal Shah, in 1958 as a scones bakery, generating 45,000 scones each day. Broadways Bakery has undergone substantial growth since its establishment. As of 2015, it had the capacity to produce up to 170,000 loaves of bread each day and achieved an impressive annual … Read more
Safaricom recently partnered with payments giant, Visa, to bring the MPESA Visa Card integrated into your MPESA wallet. Let’s explore. The virtual Card allows MPesa users to make online payments at international merchants that accept Visa cards. How to Create MPesa Virtual Visa Card To get the M-PESA, you can either use the USSD Code *334# … 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
The wines and spirits business is a large and growing industry that includes the production, distribution, and sale of alcoholic beverages such as wine, spirits, and beer. This industry is highly regulated, and companies must adhere to strict regulations and licensing requirements to operate legally. Types Of Wines And Spirits The wine and spirits business … Read more
The National Social Security Fund (NSSF) is a Kenyan government agency that manages pension funds for employees in Kenya’s formal sector. NSSF also operates a Savings and Credit Cooperative Society (Sacco) to provide its members with access to affordable credit and other financial services. Joining the NSSF Sacco is a straightforward process that requires the … Read more
The National Social Security Fund (NSSF) is a state corporation that provides social security protection to all Kenyan employees. The fund was established in 1965, and its primary mandate is to provide social security protection to all employees in the formal and informal sectors of the Kenyan economy. As a member of NSSF, you are … Read more
National Social Security Fund (NSSF) asked employers to comply with the law by raising monthly NSSF contributions immediately. This follows a proposal to increase the National Social Security Fund (NSSF) and National Health Insurance Fund (NHIF) rates as outlined by the NSSF Act 2013. According to President, Dr. William Ruto, the need to grow the country’s savings … Read more
Debt is a common problem for many people in Kenya, especially those with a low income. Being in debt can be stressful and overwhelming, but it is possible to get out of debt even when you don’t earn a lot of money. In this article, we will discuss some practical tips for getting out of … 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