Boost ya Biashara Loan

Boost ya Biashara Loan is a loan facility meant to help business owners to complete transactions when funds run out. 

It is an overdraft service for M-Pesa till owners to make use of after they opt in. 

Boost ya Biashara Loan Limits ranges from Ksh1 to ksh400,000.

This article serves as a guide on how to opt in Boost ya Biashara, how to apply for Boost ya Biashara loans and who qualifies for the facility. 

Lipa na M-PESA banner 

Who can apply for Boost ya Biashara loans

Who qualifies for boost ya Biashara loans? What are the requirements? 

To apply for boost ya Biashara loans,you must have been using M-PESA business till for over 6 months.

How to opt in Boost ya Biashara Loan 

Here are the steps to opt in; 

• Dial *234# from nominated number
• Select M-PESA Business Till
• Select Business Loans
• Select Boost ya Biashara
• Accept Terms & Conditions
• Enter Operator ID
• Enter Operator PIN

Merchants will receive a message confirming that they have successfully opted in and the Boost ya Biashara limit assigned. 

How to use Boost ya Biashara Loan

You can use the boost ya biashara loan for the following;

• The Pay to another Buy Goods till
• Pay to a mobile number/customer.
• Pay to a utility (Pay bill) till
• Withdraw to the nominated number.
• Withdraw to M-PESA agent. 

Boost ya Biashara loans interest rate

Boost ya Biashara loans charge an access fee of 2% per disbursement and a maintenance fee of between ksh 0 to ksh250. 

How to increase Boost ya Biashara loans limit

To increase Boost ya Biashara loans,you should encourage your customers to pay via Lipa na M-PESA.

The more you transact via your till, the higher the limit gets.

How to opt out of Boost ya Biashara loans

If you don't want to use the service anymore,you can opt out of Boost ya Biashara loans by following these steps; 

• Dial *234#
• Select M-PESA Business Till
• Enter Store Number
• Select Business Loans
• Select Boost ya Biashara.
• Select opt out

Boost ya Biashara Loan customer care contacts

Email: M-PESABusiness@safaricom.co.ke

Calling 100 (Prepaid) or 200 (Postpaid)

Visit Safaricom Retail shops countrywide.

Twitter: @Safaricom_Care or @SafaricomPLC

Facebook: Safaricom PLC

Safaricom website: www. https://www.safaricom.co.ke/

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