Safaricom Mpesa Loans

    February 25, 2017   No comments

Safaricom Mpesa loans in kenya
@SafaricomLtd  Mpesa Loans @bobcollymore
'Safaricom Mpesa Loans' is a popular search phrase among Kenyans nowadays on Google if you are observant. I have received numerous calls from my blog readers asking for the same.Maybe Safaricom should do something about it.

The real situation is ,Kenyans are like they expect to wake up one morning and get an SMS from safaricom Limited saying 'Dear Subscriber,you can now Okoa Mpesa up to kes50000!Check your new Mpesa Menu'.Sounds good.If it worked and still works for okoa jahazi,okoa bundles ,why not okoa Mpesa?

If you are among the people looking for safaricom Mpesa loans,then continue reading this post.Safaricom have not yet engaged itself to the business of giving out loans.Safari com's Mpesa platform however,is being used by lenders to send money to borrowers and to receive money from borrowers.Just that! The most popular lenders using the Mpesa platform to give out loans are the 'trust based' mobile loan apps including Tala Kenya,Branch International,Haraka loan app and Saida loan app.

Read more about mobile loan apps in Kenya.

To share on the costs incurred, safaricom went into business partnerships with Commercial Bank of Africa(CBA) to provide M-shwari finance services and Kenya Commercial Bank (KCB) to provide KCB Mpesa finance services.

M-shwari and KCB Mpesa provide savings and lending services to all Safaricom subscribers. The services are accessible through the subscriber menu and KCB&CBA service platforms. Note that before you can borrow,one must save money for sometime.


How to borrow from KCB Mpesa

Steps:

  • Go to Mpesa
  • Select Loans and Savings
  • Select KCB Mpesa
  • Select Loan
  • Select Request Loan
  • Enter Amount
  • Enter period (in months)
  • Enter Mpesa PIN
  • Select OK
You can also dial USSD code *844# and follow the prompts or download the KCB mobile banking app and apply for loans.

How to borrow from M-shwari

Steps:
  • Go to Mpesa 
  • Select Loans and Savings
  • Select M-shwari
  • Select Loan
  • Select Request Loan
  • Enter Amount
  • Enter PIN
  • Select OK
Thank you and share.




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Mwabaya Katana

Posted By Mwabaya Katana

Mwabaya Katana is a Personal Finance online writer.He is the founder of 'Loans Kenya' Blog.

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