KWFT M-pesa loan is Kenya’s premier microfinance bank, designed exclusively for the empowerment and financial inclusion of women. As a leading microfinance institution in Kenya, KWFT is committed to providing tailored financial solutions that cater to the unique needs of women across Kenya.

With their innovative banking app, they bring banking closer to you, fostering financial independence, growth, and prosperity. 

Read on as we take you on a journey toward financial empowerment through exploring limitless possibilities with KWFT.

How to Get a KWFT M-pesa Loan

First, note that the specific steps and requirements may vary depending on the type of loan you want to get from KWFT. 

They offer different types of loans which have different requirements, steps and procedures. Always ask for the documents needed for the type of loan you wish to apply for. 

KWFT M-pesa offers different types of loans which include:

• The KWFT biashara loans 
• The KWFT SME loans 
• The asset financing loans 
• KWFT emergency loans 
• KWFT water, sanitation & hygiene loans 
• KWFT kilimo bora loans 
• KWFT clean and renewable energy loans 
• KWFT nyumba smart loan 
• KWFT phone loan
• KWFT salary loan
• KWFT consumer loan
• KWFT education loan

To apply for a loan with KWFT microfinance bank, you need to go to the KWFT online application site, download the form, fill the form with the correct information and submit it with other required documents at any KWFT offices close to you.

KWFT M-pesa Loan Requirements for Application 

To get the know, you need to get some documents ready and also be eligible for the loan. You will need:

• Original/copy of national ID Card 
• Passport photo
• Three months of certified payslips
• You need to be a KWFT customer in either a group or individually (This is only for those seeking a KWFT phone loan). You may be asked to bring other documents when applying for a different kind of loan.

KWFT Mpesa USSD Code

To apply for a KWFT M-pesa loan using a USSD code, you can dial *692# and follow the prompt. This is also the mobile banking USSD code.

KWFT M-pesa Interest Rate

The interest rate differs depending on the type of loan you are applying for. To get the accurate loan amount, use their online calculator. 

KWFT Loans App 

The KWFT mobile banking service is the most convenient way to do your banking on your phone without having to visit the branch. You can download the mobile app on the Google Play store to access the bank’s mobile loans and other services. 

The features include:

• There is a feature for cash deposits from your m-pesa wallet to your KWFT account 
• Option for loan request and payment
• You will also see the cash withdrawal option from your KWFT account to your M-pesa & Airtel money account 
• There’s a feature for balance enquiry 
• Another feature for money transfers between KWFT accounts 
• You can get the customer service numbers from the app.

How to Repay Kwft Mpesa Loans

To deposit money from your M-pesa to your KWFT account to repay your loan, you need to follow this step: 

• Locate your phone’s menu and go to Safaricom 
• Choose the m-pesa menu and then lipa na M-pesa 
• Enter 101200 as the business number 
• Type in your KWFT account number 
• Input the amount you want to repay and your M-pesa pin 
• Then, you will receive a confirmation message saying that you have successfully repaid your loan.

Conclusion 

In conclusion, taking a loan from KWFT M-pesa provides a convenient and accessible financial solution for women who are in need of funds. 

The review process in this article is designed to evaluate eligibility and ensure that women can access the funds they require. The loan platform is legit and one of the best women’s banks in Kenya.

Also, it’s essential for women who wish to borrow from this platform, to approach this opportunity responsibly, understand the terms and conditions associated with each type of loan, and make timely repayments. 

KWFT M-Pesa offers a valuable resource for financial support, helping women in Kenya meet their diverse financial needs efficiently and effectively.

Zash loan app is one of the many fintech solutions available in Kenya, providing users with access to quick and convenient loans. In this review, we will delve into the key features, and benefits of the Zash loan app in Kenya. 

The mobile-based loan was formerly known as KopaKash. They provide credit to borrowers to help them sort out unforeseen financial needs.

Whether you’re in need of emergency funds or looking for a hassle-free borrowing experience, this review will serve as a valuable resource in evaluating the Zash loan app’s suitability for your financial needs in Kenya.

How to Get a Loan From the Zash Loan App

Before you can apply for a Zash loan, you must meet certain requirements and application procedures. A borrower must be Kenyan with a verifiable ID, be 18 to 60 years old, have a registered M-pesa line, have a stable monthly income, and have a good CRB record. 

The mobile loan platform was launched in June 2023. Borrowers who own an Android phone and M-Pesa line can access the loan. The loan product which is owned by Zillions Credit Limited offers loans from Ksh 500 to Ksh 50,000.

To get the loan, you need to follow the steps below:

• Download the loan app on your Android phone from the Google Play Store.

• Launch the app on your Android phone.

• Sign up on the app and fill out your basic information and upload photos of your ID.

• Before now, using M-pesa or Airtel money, you would have registered your mobile wallet.

• Then locate the ‘Loan Now’ option and click on it to choose the amount of loan you want to apply for. Remember that the more you take out a loan and repay on time, the more your loan limit increases.

• Click ‘submit’ and wait for approval. Once approved, you will get your loan in your M-Pesa account.

How Do You Repay Your Zash Loan

Zash loan app gives you an instant loan with a 7 to 90-day loan period. You can repay your loan using LIpa na M-pesa. Follow the steps below:

• Locate MPESA on your phone and then select Lipa Na MPESA

• Select ‘pay bill’ and enter the pay bill number as 733555

• Type in your phone number under the account number section 

• Input the loan amount you want to repay and the MPESA pin number.

• Then click, ‘Accept’ the transaction and submit. You will get a message stating that your loan has been successfully repaid.

Zash Loan Contact Details

To contact Zash loan platform, check the details below:

• Call: +254 709 462 008 or +254 111 008 008
• WhatsApp: +254 104 064 688
• Email: cs@Zashloan.com
• Facebook: @Zashloan

Conclusion

Zash Loan platform gives instant loans to help Kenyans who need urgent funds to sort out financial emergencies, grow their small businesses, go shopping or take care of any other financial expenses. 

We have shared all you need to know about the Zash loan app. 

But remember, it’s always a good idea to do thorough research and read multiple reviews from different sources to get a comprehensive understanding of an app’s features, functionality, and reputation.

By examining its user interface, the loan application process, terms, interest rates, customer support, and security measures. We have also provided you with an informative analysis that will help you make an informed decision when considering Zash as a loan provider.

M-Shwari is a lending platform in Kenya that combines savings and loan features to offer credit solutions directly from a mobile device.

It is available to registered Safaricom subscribers with active M-pesa lines.

With its partnership with Safaricom, M-Shwari allows users to save, earn interest, and access loans instantly, making financial services more accessible to Kenyans.

A good loan limit on M-Shwari platform is important as it determines the amount of money one can borrow, directly showing that you have previously made repayments on time and transacted with M-pesa services efficiently. 

However, starting with a zero loan limit can be frustrating or a major setback, especially in times of urgent need. This article aims to guide those facing a zero M-Shwari loan limit on how to enhance their borrowing capacity. 

M-shwari Loan Limit

M-shwari loan limit is the highest loan amount you can get from the platform. You can access as low as Ksh. 100 and up to Ksh 50,000.

M-Shwari platform determines loan limits for its users based on several key factors to evaluate their creditworthiness and ensure responsible lending, and frequent M-Pesa transaction history. This entails the consistent use of M-Pesa services for transactions such as sending and receiving money, paying bills, and buying airtime. These activities give M-Shwari platform insights into your financial activity and your reliability.

Another factor is the timely repayment of previous loans with M-Shwari or other lending platforms monitored by credit reference bureaus. Late payments impact negatively on your loan limit.

Other factors like your savings behavior which demonstrates financial discipline and stability, overall financial health, and your blacklist status also influence your limits.

By understanding and optimizing these factors, you can work towards increasing your M-Shwari loan limits.

How to Check Your M-shwari Loan Limit

To check your M-shwari loan limit, follow the steps below:

1. Locate your “M-Pesa” menu.
2. Choose “Loans and Savings”
3. Select “M-Shwari” 
4. Choose “Loans” 
5. Then, click on where you have “Check limit” and the platform will display your loan limit immediately.

Why Your M-Shwari Loan Limits is Zero

Your M-Shwari loan limit might be zero due to factors like;

• Lack of sufficient and consistent transaction history with M-Pesa services.
• Poor repayment history with M-Shwari or other financial lenders in Kenya
• Minimal or no savings in your M-Shwari account
• Not using M-Shwari’s services for up to a period of 6 months.
• Being blacklisted for loan default.

How to Unlock M-shwari Loan Limit

To unlock or increase your M-Shwari loan limit, consider these factors:

• Increase M-Pesa Activity: We recommend that you regularly use M-Pesa for up to 6 months for transactions like buying and sending airtime and paying bills. Actively sending and receiving money through M-Pesa will help you establish a solid transaction history.
• Maintain Positive Repayment Behavior: Ensure to always repay your M-Shwari loans on time and in full. Don’t ever delay, see it as an urgent obligation. Late repayments negatively impact your creditworthiness and can decrease your loan limit on their app.
• Save Consistently with M-Shwari: Show M-shwari your responsible financial management by regularly saving money in your account. A high saving amount and consistent savings record can positively influence your loan limit by demonstrating financial stability.

How to Restore M-shwari Loan Limits

To restore your M-Shwari loan limits, do the following things below:

• Ensure you have used your line for up to six months
• Deposit high amounts and save consistently on M-shwari platform
• Send and receive money more on M-pesa as much as you can to keep it running and active.
• Use other M-shwari services to keep your line active by topping up data and airtime via Mpesa.
• To build a higher loan limit, send large amounts on your Mpesa regularly.
• Ensure you don’t have an outstanding loan both with M-Shwari or elsewhere. If you do, pay off all your outstanding loans.
• Make sure your name is not blacklisted by CRB.

How to Check your M-Shwari Loan Limits

Follow the steps below to check your M-shwari loan limits:

• Locate your “M-Pesa” menu.
• Choose “Loans and Savings”
• Select “M-Shwari”
• Choose “Loans”
• Then, click on where you have “Check limit” and the platform will display your loan limit immediately.

Conclusion

In conclusion, increasing your M-Shwari loan limit from zero entails working on your M-Pesa activity, maintaining a positive loan repayment history, and consistently saving a good amount with M-Shwari. 

While these actions can improve your chances, M-Shwari doesn’t guarantee you a higher limit when you achieve some of them. It’s important to manage your finances wisely, make use of M-Shwari loans responsibly, and remember that consistent, positive credit behavior is key to your financial life.

The Unstructured Supplementary Service Data (USSD) loan is an innovation that allows mobile phone users who may not be able to access mobile applications on their phones to apply for and receive a loan straight to their M-Pesa account within minutes. Recently, they even rolled out a *334# that allows users to access all M-Pesa services in a single code, making it a convenient option for many Kenyans seeking quick and easy access to loans.

It is often referred to as “Quick Codes”; a solution that saves time and is available for mostly Safaricom SIM cards and Airtel lines. In this article, I will show you 18 popular M-Pesa loan codes and reveal how you can access all services with a single *334# code.

15 quick USSD loan Code to M-Pesa

The following are some M-Pesa USSD loan codes you can access;

1. *879*99#: Bayes
2. *618#: HF Whizz
3. *844#: KCB M-Pesa
4. *682#: Okoa Mia
5. *660#: Okoa Thao
6. *269#: Pesa Pata
7. *339#: Pesa ChapChap
8. *841#: Zenka
9. *848#: Timiza
10. *243*90#: Sotiwa
11. *322#: Zazipay
12. *842#: Okolea
13. *234#: Fuliza
14. *222#: Mfanisi
15. *654#: NCBA Loop
16. *334#: M-Shwari
17. 21991 (SMS Number): Tala
18. *667#: Mco-opCash

What is M-Pesa?

M-Pesa is a Vodafone group plc and Safaricom product launched in 2007, which centers on a phone-based money transfer service. It is the most used account by loan providers in Kenya for disbursement of funds.

What is the M-Pesa Code?

An M-Pesa code is a unique USSD code that allows you to access specific M-Pesa services directly from your phone. By dialing the M-Pesa code *334#, you access a menu-based system that interacts with your mobile network provider and lets you perform various M-Pesa actions, including:

1. Sending and receiving money
2. Checking your M-Pesa balance
3. Paying bills
4. Buying airtime
5. Accessing loans (as highlighted in this blog post)

There are two main categories of M-Pesa Codes:

General M-Pesa Code: The general M-Pesa code *334# provides access to core M-Pesa services and is offered by Safaricom, the main mobile network provider supporting M-Pesa.

M-Pesa Partner Codes: These codes are offered by individual banks, microfinance institutions, and other organizations that provide services through M-Pesa. These codes will grant access to specific services offered by that partner. For example, the code for Equity Bank’s loan service (Timiza) is different from the general M-Pesa loan menu offered by Safaricom (Fuliza) as highlighted in the first section of this article.

How Does the M-Pesa Loan USSD Code Work?

USSD codes provide a menu-based interface for interacting with services on your phone. Here’s a simplified breakdown of how M-Pesa Loan USSD codes work;

1. Dial the *334# Code to initiate the process
2. Follow Menu Prompts: You’ll see a series of on-screen menus with options like “Send Money”, “Loans and Savings” or “Lipa Na M-PESA”
3. Select your desired option

Pros and Cons of Using USSD Code to Get M-pesa Loans

Pros:

1. It makes loan access easy 
2. No collateral is needed for USSD M-pesa loans
3. No internet connection needed to access the loan
4. You can easily use a Kabambe phone to get the loan. Smartphones are not necessarily needed.

Cons

1. Mobile USSD loans are expensive
2. Ussd loan amount is small
3. Sometimes it consumes airtime/credit, which can be costlier than buying Tunukiwa bundles.
4. It has a short repayment duration
5. Most times it comes with annoying reminders to pay up the loan before the due date.

How to repay loans using the quick USSD loan codes to M-Pesa

To learn how to repay your loan using the USSD code, contact the loan application customer service and verify whether you can repay using the USSD code. Before that, you must have funded your M-Pesa account or any other related accounts.

Conclusion 

Kindly note that you can access an instant M-Pesa loan when you don’t have a smartphone or have access to the internet.

When you need a simple emergency loan, worry less that you don’t have access to downloading a loan app when you don’t use a smartphone. Remember, the USSD code is the quick code for you.

CRB is an acronym for Credit Reference Bureau. The Credit bureau maintains the credit profiles of people so that lenders can check them when considering a loan application.

This credit data is shared by banks, microfinance institutions, and other loan financial institutions, and paints a detailed picture of one’s credit history usually expressed as a score between 501 to 850.

 It goes to show how well or poorly you have managed your loan collection in the past.

In Kenya, Loan Apps Without CRB (Credit Reference Bureau) gives borrowers credit without them going through the credit history checks from CRB. These apps provide quick solutions to individuals facing financial challenges due to bad credit records.

You can access this loan through a mobile app and the criteria include your transaction history, employment status, national ID, and other data. These apps offer a pathway to credit without stringent CRB checks.

So the good news is that not every lender chooses to check your details on CRB before granting a loan.

In this article, we examine some loan apps that do not check CRB status during loan approval

10 Loan Apps Without CRB Check

10 loan apps in Kenya that do not check CRB status, include:

1. Okash

OneSpot Technology Investment Ltd. provides an app called Okash for loan applications. Borrowers must meet the eligibility criteria which are outlined in the Okash loan app.

OKash loans are available to anyone between 21-55 years of age, with a fixed income and a cellphone number. The interest rate on Okash loans ranges from 14% – 16% at 91 to 92 days of repayment. The loan limits range from Ksh. 2,500 to Ksh. 50,000. 

Due to their interest rates being deducted before disbursement, borrowers usually end up with less than they had originally applied for. 

2. Opesa

TK Limited provides the Opesa loan app. Opesa decides whether a loan needs to be approved based on a borrower’s phone data – e.g. handset details. They also consider MPESA/Mshwari finance transactions, and why they want the loan.

The interest rates on Opesa loans vary from 14% to 16%, with a repayment duration of  91 or 92 days. Opesa is another online loan app that deducts interest in advance

3. M-Fanisi

Maisha Microfinance Bank offers the M-Fanisi loan service. Applicants must be 18 years of age or older and have an active M-PESA account transaction record.

M-Fanisi loans range from Ksh. 200 to Ksh. 25,000 at a 10% interest rate repayable within 30 days. The M-Fanisi loan USSD code is *281# for Safaricom subscribers or *222# for Airtel subscribers.

4. Tala

Tala Mobile is the developer of the Tala loan app. They typically approve loans based on the phone data of customers, such as the financial transactions from M-PESA as well as the answers provided while applying.

The interest rate on Tala loans varies between 5% to 15% depending on the repayment period of 21 or 30 days. The loans range from Ksh. 500 to Ksh. 30,000. Tala loans can be accessed by downloading the Tala loan app from the Google Play store.

5. Mokash

Mocash offers a loan product called Mokash. They offer loans of between Ksh. 1,000 to Ksh. 30,000 for 8 days. The Mokash loan app can be downloaded from the Google Play store.

6. Branch

The branch loan app can provide you with loans ranging from KES 250 to KES 70,000 without a CRB check. 

You can apply 24/7 despite your needs. As you apply and repay, your loan limit goes up. Also, know that the interest rate can be as high as 17% to 30%.

7. Timiza

Timiza is one of the easiest and most convenient loan apps in Kenya without CRB. They are popular and many borrowers have successfully collected loans from them seamlessly.

8. Shika

If you need a genuine, easy, and convenient loan app, choose Shika. You can get up to Ksh. 70,000 with a 7.29 interest rate. This app stands out as one of the trusted apps in Kenya.

9. Mshwari loans

Mshwari started in 2014 and offers its leading services through M-Pesa, in partnership with the Commercial Bank of Africa (CBA). Customers can apply for loans of Ksh 100 to an unknown highest limit. It has a repayment duration of one month with an interest rate of 7.5%. 

Conclusively, Mshwari requires you to become a Safaricom subscriber and have a registered M-Pesa line to qualify. 

10. KCB M-Pesa 

This loan app has built a name in Kenya. It offers quick loans and gives a minimum of Ksh 500 and a maximum of Ksh 1,000,000 to its customers. 

KCB M-Pesa was born from the partnership between M-Pesa and Kenya Commercial Bank. However, for one to qualify, you need to be an active Safaricom M-Pesa customer.

Interesting Read: How to start a micro loan business.

Other mobile loan apps without CRB checks include:

• Tunzi Loan app (formerly Utunzi loan app)
• Fadhili Loan app
• Usawa Loan app
• Kano Loan App
• Upazi loan app
• Dolax loan app
• Craft loan app
• Utajiri loan app.

Benefits of Loans Without CRB Check

Loans without CRB checks offer numerous benefits, especially for borrowers with less-than-perfect credit histories. Here are the major advantages:

• Accessibility 
• Inclusivity
• Empowerment 
• Opportunity for improvement 
• Emergency funding 
• Simplicity 
• Speed and convenience 

How to Choose the Right Loan App Without a CRB Check

Choosing the right loan app without a CRB check involves a lot and they include:

• Understanding your needs and how the loan app without CRB checks aligns with your needs
• Look out for the security and privacy of the loan app
• Check their interest rates on all loans, especially their personal and emergency loan
• Read user reviews and experiences online 
• Check out for their other additional fees
• Check their market reputation and trust
• Rate their accessibility and ease of use without worry
• Look for an app with multiple channels of customer support

Some extra fees for loan apps without CRB check

1. Registration fees
2. Appraisal fees or processing fees.

Conclusion 

Normally, a borrower will be screened by a Credit Reference Bureau (CRB), as they interact with various lenders before a lending decision is made.

This is a criterion for loan disbursement. Despite this, some lenders do not use this information. They only access the information provided by the borrower and the data accumulated on the phone. 

Frequently Asked Questions

Are there any loan apps for blacklisted people?

Recently in Kenya, there are loan apps for blacklisted people but they ask for registration fees before giving you any loan. If you are comfortable with paying a registration fee to a loan app before collecting the loan, then check out these loan apps in Kenya.

However, you need also to know that you can pay this registration fee and still not collect the loan. Also, most of them give a loan that is less than the registration fee you paid or just slightly higher than it.

We are not recommending this application but you can try them out. So it is best you build your credit and apply for a loan. 

Some of these loan apps are:

• Opesa loan app
• Ubapesa loan app
• Lion Cash loan app
• Kuwazo loan app
• CashNow loan app
• Pesa Pats loan app
• Aspira loan app
• Pezesha loan app

How can I clear my CRB without paying?

There’s no other way to clear your name from CRB without paying. Once the loan agency has reported you, create a strategy and start paying off your loans immediately to avoid further bad reputation

How do I remove my name from the CRB blacklist?

To remove your name from the CRB blacklist, check your credit bureau report and see all your loan defaults and get up to date immediately with your debts. If the debts are much, negotiate with the financial institutions involved and seek to restructure your debt or pay little by little. 

After payment, request for your clearance certificate/letter.

How Much is the CRB clearance fee?

Kshs. 2200 is the CRB clearance fee or processing fee for a Clearance Certificate. 

It is not fine to clear your name on CRB but the amount charged for processing the clearance certificate is.

Can loan apps put you on CRB?

Loan apps can’t directly put your name on the CRB list but they can forward your name to the CRBs operating in Kenya under regulation and the CRB will now directly blacklist your name after going through the due process.

These loan apps usually give defaulters a grace period of 30 days’ notice before forwarding their name.

Here in Kenya, as we search the market to find the best online loans, there were several factors we looked at. Our criteria were low-interest rates, higher principal amounts that are affordable, and excellent customer service. In addition, whatever it is you need, you will find the best online loan in Kenya. Particularly for the quick funding solution in a hurry. 

Let us discuss online loans in Kenya and all you need to know.

Definition of online loan

An online loan is a type of loan you apply with your smartphone or tablet or personal computer through a web browser. You apply by visiting the lender’s website and submitting your personal details and all necessary documents. You apply from the comfort of your home. No need to visit the lender. Usually when you need help, you can quickly contact the customer service. 

10 Online loan platforms in Kenya 

Currently in Kenya, most of the private lenders made their loans accessible through apps. But some banks made their loans available directly from their website. Current best app and bank online loans in Kenya are:

1. KCB bank
2. Musoni Microfinance bank
3. NIC Bank
4. Fin credit 
5. Kenya Central bank
6. NCBA bank Kenya
7. Tala loans
8. Branch loans
9. Mshwari loans
10. Shika loans

Note: These banks made their loans available directly from their website. You can apply directly online with the best interest rate and customer service support. The app also can be downloaded from Google play store.

How do I apply for online loans

To apply for an online loan, follow the procedure:

1. Visit the lender’s website online and fill out your official application 
2. Send all necessary documents. Also, do your electronic signing if requested.
3. Cross check all details and also input your bank account or M-Pesa account
4. Wait for your loan approval
5. If successful, you get your fund within a short while.

6 ways to qualify for online loans in Kenya 

To be eligible to apply for an online loan, you need to:

1. Be 18years and above
2. Possess a national identity to prove your identity 
3. Own a digital gadget that can connect to the internet. Be it mobile phone or tablet or personal computer. 
4. Have a valid phone number 
5. Operate a workable email address 
6. Have a bank account or M-Pesa account 

3 documents for online loans

There are few documents needed to be submitted online before your loan approval. They are:

1. Security documents for logbook loans
2. National ID card for some loan lenders
3. Birth Certificate to prove your age. Some loan lenders request for this.

3 things you need to apply for online loans 

The basic things a borrower should possess before thinking of going for an online loan include:

1. A digital gadget that can connect to the internet 
2. An internet connection 
3. A working web browser

3 types of loans in any of the online loans in Kenya 

There are several kinds of online loans offered in Kenya. They are:

1. Personal loans
2. Unsecured loans
3. Secured loans

4 features of online loans in Kenya 

Features of best online loans in Kenya are:

1. No upfront payment 
2. Low interest rates 
3. Best online customer service/ quick response 
4. High or good loan amounts 

How fast are funds released in any of the online loans platforms in Kenya 

Once your have fallout your application form online, submitted all documents and re-sign, your fund will released within a short while

The only thing needed is for your loan to be approved. If approved, you will have our find within a short while.

Conclusion 

Online loans are convenient because they are straightforward to navigate. You won’t have to spend much time on the application process. In the modern world, nearly all individuals seek to live and prosper through finance.

There are still many ways to get the cash and pay it back at agreed time. In this article, we have saved you the hassle of searching for your online loan in Kenya.