Tala-600x300

Its a tough struggle especially for the many unemployed Kenyans who mostly live from hand to mouth or have an unsteady income. Nothing is guaranteed for this lot who neither own bank accounts nor have the safety of formal jobs guaranteeing them loans whenever they fall into tough times.

Due to this predicament, they are usually at the mercy of unscrupulous shylocks who charge ridiculous interest rates on the money they lend to these individuals. However, thanks to technology one can easily secure a loan without having to step inside a bank, fill mountains of paperwork or provide security or guarantors.

Welcome to the world of mobile micro-loans, these are safe, unsecured loans offered by various institutions to help out during those tough financial difficult times. Here are a few of such services offered in Kenya in case you are ever in need of a small loan and also check out 7 sure ways to qualify for/increase your mobile loan limit

Gone are the days whereby you would need to attach a whole briefcase of documents in order to secure a loan. Nowadays, its all made easy through our mobile phones via use of mobile money lending apps.

These apps do not need collateral or a chain of guarantors in-order to disburse emergency mobile loans at their users’ requests. Although the Google Play store is overrun by numerous apps claiming to offer loans, not all of them back their statements.

Below is a summarized list of mobile money lenders who actually disburse loans straight to your MPESA upon attaining their various requirements. Also, we have provided the minimum and maximum loan amounts, repayment periods, rates as well as their respective Paybill numbers.

NOTE- To further increase your chances of being offered a loan, kindly input the provided registration codesbelow during registration.

REGISTRATION CODES

Berry*– BM43PHT0

Branch*– s6m3k5

LoanBee*– SW7E6M8TQL

Zenka*– EK6P

Okash*– ACEXKN

Haraka*– 3VHT1SM

PesaZone*– VING113

Name Provider Min Max Days Rate Paybill
Pi Capital Ltd
800
30K
14 14%
599862
30 24%
30 24%
Berry Finberry Capital Ltd 500 50K 30 8-15% 977888
Branch International
250
70K
21
13-29%
998608
30
Haraka Getbucks Pty Ltd 500 50K 30 23.45% 817910
HF Whizz HF Group 1K 50K 1-180 10% 100400
iPesa XCredit 1K 50K 14 16% 192010
Kakitu LLC
300
10K
2 7%
221765
5 14%
14 21%
25 30%
KCB Mpesa KCB/Safaricom 50 1M 30 7.05%
Kuwazo Capital Ltd
500
30K
14 15%
149719
21 20%
28 14%
Weza Ventures
100
40K
21 16.70%
923745
30 18.80%
Loop CBA 365 714777
L-Pesa L-Pesa 100 70K 7 13-29% 715489
Mkey Finserve Africa 300 50K 30 1-9% 778588
Mshwari CBA/Safaricom 100 50K 30 7.50%
OneSpot Tech Ltd
2.5K
50K
14 14%
612224
21 16.80%
OkoaMia OkoaMia Ventures 100 900 5 10% 519608
Okolea International
600
250K
2 5%
245316
7 8%
14 11%
21 13%
28 15%
Opesa TK Ltd 2K 10K 14 16.80% 606280
Pezesha Pezesha Africa Ltd 500 20K 30 8-25% 898927
Saida GreenShoe Capital 600 25K 30 7.5-10% 998608
RoamTech
500 40K 14 22%
517910
1.5K 40K 30 17%
Shika Alternative Circle 500 20K 30 15% 811655
Sotiwa Sotiwa Ltd 1K 20K 30 20% 568666
Stawika Stawika Capital Ltd 200 21 21.44% 830685
Tala Mobile
500
30K
21 5-11%
851900
30 7-15%
Timiza Timiza 50 100K 30 6.08% 300067
Tufaa Mine Softwares 1K 70K 15%
UbaPesa Ltd
500
70K
10 10%
144966
20 14%
Zenka Zenka Finance 500 20K 1-30 29% 979988