Kenyan commercial banks are at times known to shun lending to small and medium-sized enterprises (SMEs) due to perceived risk in favor of salaried individuals in terms of personal loans, salary advances or ussd loans and larger institutions. Consequently, SMEs… Read More ›
What Is USSD And How Does It Work? USSD stands for unstructured supplementary service data technology that promotes quick and direct communication between user and service provider. By dialing the asterix symbol * followed by a series of digits finalized… Read More ›
The licensing and oversight of digital credit providers was as a result of public complaints regarding predatory practices of unregulated digital lenders in regards to personal data breaches, abnormal loan costs and unethical debt collection methods. Consequently, the Central Bank… Read More ›
How Salary Advance Works A salary advance refers to a short tenure loan targeted towards formally employed individuals earning consistent salaries. This advance is geared towards emergency purposes and its repayment duration is usually until the receipt of the… Read More ›
The financial inclusion fund popularly known as the ‘Hustler Fund’ is a 50 billion annual kitty provided by the Kenyan government targeted towards supporting micro, small and medium enterprises to realize business growth through affordable credit. The Hustler Fund is… Read More ›
Another option for acquiring smartphones is through the use of phone trade-in programs available in Kenya. Besides the above, there are other services with which one can buy phones on loan in Kenya. Such include: 1. Eazzy Simu loan Eazzy… Read More ›
Fuliza which is Safaricom’s revolutionary overdraft facility, was launched in 2019 and since then, it has generated massive revenue for the telco with statistics showing that it has at one point disbursed loans of up-to 6.2billion in a single month…. Read More ›
In one of our previous articles regarding mobile money lenders in Kenya, we received a lot of positive feedback from our readers all over the world. However, most of them are crying foul that they are unable to qualify for/increase… Read More ›
Financial freedom is a state that has sometimes proven elusive even to the financially adept due to life’s numerous eventualities. This has seen majority have their assets repossessed, mortgaged homes foreclosed or even worse file for bankruptcy in the event… Read More ›
It can be safe to say that the smartphone was first popularized to Kenyans by none other than Safaricom ever since the introduction of the Huawei Ideos U8150 through the partnership of Safaricom and Huawei back in the late 2010… Read More ›
