Ever since the advent of mobile loans, the uptake of digital credit has been on the rise in comparison to secured loans offered through conventional credit institutions.

This has largely been contributed through the ease of accessibility that requires borrowers to have the bare minimum eligibility requirements which include; be 18 and above years old, possess a smartphone as well as be an avid user of the Mpesa services.

However, there are additional factors that determine one’s ability in getting loan approvals as well as loan limits.

One such factor is the use of Mpesa statements in making loan decisions.

An Mpesa statement is a document containing all financial transactions done through the Mpesa platform over a certain period.

It can be accessed through the Safaricom network by dialing *234*5*1#

Below are some of the loan apps that request for Mpesa statements to make loan decisions.

Stawika

Stawika is a loan product by Stawika Capital Finance that advances mobile loans of between Ksh200 to Ksh70,000.

Applicants in need of Stawika loans need to first submit their Mpesa statements before they can even view their loan limits.

The Stawika loan service is accessible via the Stawika loan app or via USSD *872#

CreditHela

CreditHela loan app is provided by O-Stream CL that gives digital loans ranging from Ksh1,500 to Ksh80,000.

CreditHela users who would like to increase their loan limits are encouraged to upload their 3-month Mpesa statements via the CreditHela loan app.

CreditHela loans are accessed through the CreditHela loan app downloaded from the Google Playstore.

Scoppe

Scoppe is a loan app provided by Paddy Micro Investments. Scoppe requires the Mpesa statement so as to determine an individual’s credit score.

The Scoppe loan app is available for download via the Google Playstore.

Berry

Berry loans are offered by Finberry Capital at limits of Ksh500 to Ksh50,000

Berry clarifies that Mpesa statements are crucial to making lending decisions and thus users need to avail the document to them by temporarily changing their Mpesa statement personal email to that of Berry.

The Berry loan app can be downloaded from the Google Playstore.