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.

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.

Tough times have been the issue why people borrow. With Dave, obtaining financial support for your loan and budget won’t be a problem. You plan for upcoming expenses by using loan apps like Dave. Borrowing is also one peculiar thing you can do on these apps. These applications are all about financial management and support. 

Therefore, loan apps like Daves share almost the same features with Dave.

All You Need to Know About Loans Apps Like Dave

Loan apps like Dave only charge you a monthly subscription fee or a one time fee. Some do not charge at all. You do not have to worry about paying back a fixed and variable interest. Individuals can borrow up to a large minimum they need instantly.

Moreso, loan apps like Dave are majorly the best payday loan lenders.

Pros:

1. No fixed interest rates, management and support fee
2. Centers on financial management
3. No credit checks to determine your creditworthiness
4. You can borrow even if your credit score is not good.

4 Loan Apps Like Dave

Other Loan Apps Like Dave

We will jointly explore and discuss 6 other loan apps like Dave:

1. Branch International
2. Brigit
3. Sofi
4. Avant
5. Speedy Cash
6. ACE cash express

Branch International

They give users easy access to loans. Using the app, you can sign up for financial help, apply for loans and receive it within minutes. The app also helps you create a budget and access your earnings.

Brigit

This application is similar to Dave. It allows you to get up to $250 loans. You can budget and save on the app. With these you can get a clear view on your spending habits and keep track of the daily and monthly bills. Brigit gives a no-interest loan, flexible repayment and extension on advances.

Sofi

They offer many financial solutions to customers. The app gives you access to loan, trading of shares, stocks and cryptocurrencies. You are given a debit card which allows you to earn a reward when you spend on company’s brands.

Avant

You can use this loan app to borrow, see upcoming repayments and your payment history. Loan of up to $35,000 can be accessed. These loans can be processed within minutes.

Speedy Cash 

Speedy cash is one of the lending loan apps like Dave that provided access to different types of loans. The application allows you to manage your payday, credit or extra cash on your existing loans. You can borrow a minimum of $50 to $26,000 on the app.

ACE Cash Express

They give you a loan, manage it and refine it in fast and flexible steps. You can use the app to make repayments, schedule recurring expenses and plan on payments.

How you can get loans from these loan apps like Dave

Getting loans from these applications are simple and very flexible. The steps are:

1. Download the loans app
2. Install the app on your smartphone 
3. Register on the app and supply other required personal information 
4. Apply for the loan limit available for your through the “Apply” tab

Read up on how Dave Loan App reviews and how it works.

Who needs loan apps like Dave

1. Those with steady paycheck
2. Individuals who wish to get out of financial crises. These apps will help you to plan and budget
3. People who wants to assess their spending and borrowing habits
4. customers who need quick cash to settle emergency expenses.

You can also get a loan from the powerhouse National Bank of Kenya.

Conclusion

Loan apps like Dave make it easier for consumers to manage finances and get support when they need it. Some pay you cash advances based on money you earn, offer loans without interest, rewards for using the app, and so on. Finally, you can use these applications for planning, budgeting and many other things.

We will review the best loan apps in Kenya in 2024. The rise of Fintech companies in Kenya has changed the face of lending among industry operators. More people would opt for loans from the comfort of their homes as opposed to the traditional methods of other lending institutions. 

Kenyans are becoming more addicted to instant loans that require no collateral. There are over 20 loan apps in Kenya for credible instant loans, however, here is a list of our top 5

What are loan apps?

Loan apps are mobile application software built by financial lenders for their customers for easy access to funds. Loan applications come in handy. Customers install it on their mobile phones for quick loan applications. Different loan platforms have a unique loan app peculiar to them alone.

Top 5 loan apps in Kenya 2024

Google Play Store hosts many applications that offer loans. However, we have good apps that offer immediate loans. We will bring five (5) of the best apps and discuss them.

Below is a summarized list of the best 5 loan apps in Kenya 2021. They are:

1. KCB M-Pesa
2. Tala loan
3. Branch loan app
4. Mshwari loan app
5. Saida loan app

1. 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 for at least 6 months.

Features of the KCB M-Pesa App

1. KCB M-Pesa has more than 1 million downloads on the Play Store.
2. It has 36,182 reviews on Play Store 
3. 4.2 /5 ratings on Google Play Store 
4. It has 9.1MB Memory capacity 
5. The application is easy to operate 
6. A well-designed view spelling out all functions of its products 
7. It has a unique and catchy colour 

2. Tala loans

Tala loan was the first mobile application launched as Mkopo Rahisi, but currently known as Tala. It is a trusted loan app that has gained trust over the years. Customers get a minimum of Ksh 500 and a maximum of Ksh 50,000 with an interest rate of 15%. In addition,  to be qualified,  the Tala app needs you to have a smartphone with a good M-Pesa history.

Features of Tala loan app

1. Quick communication to the server for easy operation and dispense of funds
2. Ability to secure data and other personal information 
3. More than 5 million downloads on Google Play store
4. A star rating of 4.5
5. Has 405,478 reviews on the Google Play Store
6. Requires Android version of 4.03+
7. A nice colour combination that is dim and doesn’t affect the eye.

3. Branch loan 

Branch Loan is a financial institution in San Francisco with a branch office in Nairobi,  Kenya. It started in 2017. Customers access loans from Ksh 1000 to an unknown maximum amount. More so, for one to qualify,  you need to have a Facebook account with the same name as the one on your national ID card. You also need to be a registered M-Pesa user. Interest rates vary and depend on the amount and repayment duration. 

Features of Branch loan app

1. The branch loan app has 321,038 reviews on the Google Play Store
2. The app is easy to operate and navigate through
3. Has more than 10 million downloads on Play Store
4. 4.3 star ratings, which is good.
5. An intuitive design for improved borrowing experience 
6. Showcases loan offer available to its customers 
7. Amazing view and different repayment options you can choose from.

4. 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. 

Features of Mshwari loan app

1. Easy to use and navigate through.
2. Fast in loading 
3. Reads phone data and keeps all data or information safe.
4. Displays available loan limit 

5. Saida loan 

To qualify for the Saida loan, customers need an active M-Pesa/Airtel money account. Once you install the app on your phone and you apply for a loan, the app reads and tracks all your call activities. They also track all your transactions to know if you can pay back the loan.

Features of the Saida app

1. 3.6 star ratings and 10,184 reviews on Play Store 
2. 500k downloads on Google Play Store 
3. 5.9MB memory capacity 
4. Easy to use and loan applications don’t take too long to get to the server.
5. Offer other products, which are also easy to access.

How do I apply for a loan on any of the best 5 loan apps in Kenya 2024

The procedure for applying for a loan on any of the applications is basically the same in Kenya. Follow the steps below:

1. Download the mobile application from their official website and Google Play Store. They host no app in Kenya on IOS for now except Zenka.
2. After installing the application, launch it. Then register or create an account.  Supply all necessary information. Also, note that registration procedure differs from one application to another. 
3. Based on the information supplied and the app reading your phone transactions, it determines your loan limit.
4. Proceed to apply for the loan on the app. Choose or input your loan amount. Note: often, some loan application determines your loan amount and you can not access more than the displayed amount.

Important information you need to note before using a loan app for loan application 

There are details you need to note before loan application.  They are:

1. The terms and conditions of the loan.
2. The minimum and maximum amount of loan you qualify for
3. The loan requirements and qualifications 
4. Loan term or period 
5. Repayment mode and duration
6. Interest rates. 
7. Additional fees and other secret fees

How do I repay a loan on any of the best 5 loan apps in Kenya 2024

Loan repayment on any of the listed loan applications discussed in this article vary from lender to lender. But there are generic ways of loan repayments in Kenya. They are:

1. Launching your M-Pesa account 
2. Choosing paybill option
3. Entering your paybill number 
4. Choosing your phone number as your account number 
5. Entering the loan amount 
6. Inputting your M-Pesa pin
7. Cross checking all details to make sure they are correct 
8. Pressing Ok 
9. Getting a confirmation or successful loan repayment message. 

Conclusion 

In a bid to ensure professionalism among digital lenders, the Central Bank of Kenya is moving to propose new laws to regulate activities of digital lenders. These loan apps have their advantages and disadvantages. However, some of them have gained enough goodwill in Kenya and you can always rely on them whenever you need funds.