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It requires one to have a smartphone and a good Mpesa Track record in order to access their loans.

The App depends on your loan repayment behavior and on reading your Mpesa transaction activities..

Download & install Tala App from Google Play store and answer a few personal questions

The loan is disbursed through your Mpesa account and the minimum loan limit is Ksh 500 with a maximum of Ksh 30,000 at an interest rate of 15%.

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It was founded in 2012.

Its a Mobile banking service offered through M-pesa in partnership with the Commercial Bank of Africa (CBA).

The minimum loan amount that can be borrowed is Ksh 100 and the maximum loan limit is unknown. To qualify for a higher loan limit, one is required to have repaid the first loaned amount on time, and also increase your saving amount in your Mshwari account.

Mshwari loans usually have a repayment duration of 30 days and attract an interest rate of 7.5%. Loan disbursement is done through Mpesa and is processed in less than five minutes.

To qualify to borrow from Mshwari you need to be; a Safaricom subscriber with enabled line used for a period of six months, updated Mpesa menu and an active Mshwari account


It was launched in Kenya in 2015 .

To qualify for a loan using this app, you need to be a registered Mpesa user.

Download and install Branch app from the Google Play store, provide the required details like Phone number, National ID number etc.

The minimum Loan limit is Ksh 1000, and the maximum loan limit is currently unknown.

The interest rate is dependent on the repayment of the weekly installments by the due date which ultimately increases the credit score and decreases the interest rate.

KCB M-Pesa

The loan platform started in 2015 as a saving account and has been active ever since.

It is possible to borrow without saving

The minimum loan limit is Ksh 50 and a maximum of up to Ksh 1,000,000. Loan interest is at a rate of 1.16% per month with a fee of 2.5%.

The cost a month’s loan is 3.66% with excise duty applicable to fees.

One is eligible only if he/she is an active registered Safaricom Mpesa customer for not less than six months.

Dial *844# and follow user prompts to activate our KCB-Mpesa account.


It is a product of Barclays bank

You can register on the Timiza platform by dialing via dialing *848# on your Safaricom line or downloading the app from the Google Play Store.

To create an account you need a Safaricom number that is M-Pesa registered. You will be sent a PIN to activate the service and later a recreate key to access your account.

Once you have successfully created an account, you can be able to apply for a loan.

Timiza offers loans of upto Ksh. 150,000 and the loan amount that you get depends on your M-pesa transaction history. The loan amount will be charged an interest of 6.17% (i.e. 5% processing fee and 1.17% interest). The loan is payable in 30 days.


Download Saida Loan App, fill in the details required, verify your phone number and email address.

To apply for the loan log in the app, check your loan app displayed, check your loan limit, choose your repayment duration and finally accept terms and conditions

Your loan will be sent to your Mpesa number verified by Saida as you were creating your account.

Lower limit is varied per customer but the maximum you can borrow is ksh25, 000.

Okoa Stima

It was founded by Kenya Power in partnership with Safaricom in 2015 and is currently active.

The minimum loan amount is Ksh 100 and a maximum of Ksh 2000 at an interest rate of 10%. The loan is disbursed and repaid through Mpesa and has a duration of 7 Days.

kopa chapaa

It is facilitated by Faulu Kenya.

You need to be an active airtel money for 6 months user to qualify for a loan.

The minimum loan limit is Ksh 500 and the maximum limit is Ksh 100,000.

The loan has a short payment of not more than 10 Days.

Zidisha Loans

It Zidisha was founded in October 2009 by Julia Kurnia.

It’s a non-profit organization which connects borrowers from Kenya and across Africa, with creditors from North America and Europe.

A first-time loan applicant creates a profile that describes his or her business and personal details.

The applicant’s details are independently checked by Zidisha or a Zidisha partner, such as a local credit bureau

If the loan is approved and successfully funded, first-time borrowers are charged roughly 1000 Kenyan Shillings to cover this cost of processing their application.

Upon joining Zidisha, borrowers also make a deposit into a reserve fund that is used to compensate lenders in the event of default.

These costs are only paid once and entitle the borrower to raise an unlimited number of consecutive loans through Zidisha.

Approved applicants post a loan request that describes their life story, the proposed investment, desired loan amount and repayment period. Zidisha’s lender participants then have the opportunity to finance all or a portion of the loan at zero interest.

If enough lenders commit to lending the designated loan amount before the loan expires, the loan is funded and disbursed to the borrower; otherwise, it’s expired, lenders are refunded and the borrower may try again with a new application.

For successfully funded loans, 100% of lenders’ accepted bids are disbursed to the borrower. Loan values are fixed in local currency, using the exchange rate effective at the time the loan is disbursed. Because loan values are fixed in local currency, lenders bear the risk of any currency exchange rate fluctuations.


It is owned by Stawika Capital.

The app automatically evaluates mobile phone data as well as other factors to assign loans.

The app also uses information from CRB so make sure you are not listed on CRB before applying for a loan.

It charges an interest rate of 15% and the loan is repayable through Mpesa.


It was launched by Opera Software.

Customers can get loans of between Ksh. 500 and Ksh. 100,000 during the beta phase. Later, the upper limit will be raised to Ksh. 500,000.

To get a loan, you need to download the app from the Google Play store, create an account, and register a new account.

Once you register, the app will let you know how much money you can be able to borrow and the repay period i.e. 14 days. You can then finish the loan application process and then the loan will be sent directly to your phone.

The loans attract an interest rate of 14%.

You have to be between 20-55 years old to get a loan.


With mKey app , you have a keyboard with yetumojis. You can send money to several mobile wallets including Mpesa, Equitel money and Airtel money. You can buy airtime for Safaricom/Equitel/Airtel/ Telkom/ Faiba.You can buy goods or pay bills. You can read news. You can get loans among other services.
To get the loan you need to download mKey app, Create your account, make mKey your default keyboard, Confirm your phone numbe and finally Create your passcode

Information from the official mKey launch say loans range from kes300 to kes100000 but the app Indicates ksh 400 to a maximum of ksh 50000


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