With the demand for credit among Kenyans, mostly whom are unemployed or facing financial constraints and need a quick solution without the need of security ( logbooks, title deeds etc ) associated with conventional credit facilites like banks, majority opt for mobile lenders.
Such demand has led to the upsurge of mobile money lenders who are ready to fulfil the market needs albeit at the consumer’s exploitation through high interest rates coupled with low repayment durations.
While such lenders aim to serve the same purpose of availing quick credit, their differences lie within their mode of operation. For example, some may require financial statements before disbursing loans while a fraction may prefer more personal details like tax pin.
Below, we look at some who require payment of registration fees before they can offer loans.
| Provider | Amount (Ksh) | Paybill | Fee purpose | |
| Coinqash | Compwiz | 100 | Facilitation | |
| Craft | App admin | 250 | 352032 | Registration |
| Dayo | Dayo | 250 | 756958 | Registration |
| Dolax | Dolax | 250 | 442566 | Registration |
| Ezap | Ezap Mobile | 250 | 155276 | Registration |
| Fadhili | Fadhili Mobile | 350 | Annual subscription | |
| GSort | GSort Mobile | 300 | 987120 | Registration |
| HelaFast | App Admin | 250 | ||
| Jazika | App Admin | 250 | 687035 | Registration |
| Jitegemee | Primstr Capital | 300 | 287906 | Registration |
| Kano | Kano Ventures | 250 | 458372 | Registration |
| Kava | Kava | 10 | Identity check | |
| Kua | App Admin | 250 | 780785 | Registration |
| Kwamua | Afrisoft Group | 300 | 597746 | Registration |
| MoKash | App Admin | 300 | 155221 | Registration |
| Nguzo | App Admin | 250 | 632263 | Registration |
| Okoa Mia | OkoaMia Ventures | 5-45 | 519608 | Acceptance |
| Opalquick | Opalquick | 100 | Registration | |
| PesaZone | Pesa Pro Ltd | 1 | Verification | |
| Sefu | Sefu | 300 | Registration | |
| Tadao | Tadao | 300 | 118110 | Registration |
| Ulezi | App Admin | 300 | 476931 | Registration |
| Upazi | Upazi Ventures | 250 | 256767 | Registration |
| Usawa | Usawa | 400 | Registration | |
| Utajiri | Utajiri Mobile | 250 | Registration | |
| Utunzi | Utunzi loans | 400 | 800950 | Registration & CRB |
| Zidisha | Zidisha Inc | 1000 | Membership |
