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Where Can I Lease My Car in Kenya

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Kenya’s leasing market is dominated on the demand-side by individuals and corporate customers. With varieties of leasing companies, some independent leasing entities, and some affiliate with other companies to lease out their cars.

The central concern here is where you can lease your car to be earning cash in Kenya. In this regard, we will discuss some platforms you can lease your car in Kenya and still keep ownership of the car.

Where can I lease my car in KEnya

What is car leasing?

Leasing a car is entering a long-term contract for that car. Car leasing in Kenya allows you as the car owner to make monthly income with your car. The leasing company gets the vehicle from the lessor or dealer to individuals willing to use the car, and then they make payment to the leasing company.

The leasing company at the end of the day pays the owner of the car. Lease contracts are commitments that bind parties together till the contract ends. Loan sharks sometimes come in handy.

Pros and cons of car leasing in Kenya

Pros:

  1. It makes the lessee avoid incurring frequent loans from the bank and has the frequent cash flow to live with.
  2. It helps in preserving cash for other uses and so may get a higher return
  3. Provides an opportunity for an individual to use the return for other investments

Cons:

  1. Issue of breach in contract might come in
  2. Cars can break down, and insurance cover might now fully cover the whole expenses for the car.

Where can I lease my car in Kenya?

Kenya is filled with individuals who are engaged in one form of different activities or the other. Some who do not owe cars might need cars to attend to their needs. Different places to lease your car in Kenya are:

  1. Kaka Logistics Enterprises Limited
  2. ARS Kenya
  3. Myhire
  4. Vismart

Kaka Logistics Enterprises Limited 

The services of Kaka logistics enterprises match people who want to borrow a car with those people who have a car to lease out. Take your car with all insurance cover to their office and register to earn from Ksh. 25,000 to Ksh.130,000 when the contract has been sealed. They are a logistics enterprise that allows the lessors to lease out their cars when they are not using them. 

Procedures and other information 

  1. You enter into a legally binding contract
  2. Let you know that payment is done on every 5th of a new Month.
  3. Be informed that you will earn between Ksh. 25,000 – ksh. 150,000 depending on your car
  4. Your vehicle will be used for leasing services only.
  5. Be aware that they do general car services.
  6. Recommendation of private comprehensive insurance requirements.
  7. The minimum duration for the lease is from 6 months to a maximum of 1 year.
  8. Acceptance of car alarm/track. If not installed, they can install it and payment mode will be discussed and agreed on. 

Notes:

  1. You, as the lessor, have the right to track and inspect your care anytime you wish
  2. You have the authority to call off the contract anytime you want.

 Modes of payment 

  1.  M-pesa payment
  2.  Bank account deposit and 
  3. Cheque collection from Kaka Logistics Enterprises office.

How to contact Kaka Logistics Enterprises 

Call them on +254721716765 or email them via info@kakalogisticsenterprises.co.ke

ARS Kenya

ARS Kenya is an established leasing and rental company in Nairobi. They offer long-term leasing services and rentals for premium clients. Clients which include NGOs, embassies, and multinationals. 

Brand leasing cars/offerings

  1. Full sized 4WDs, 
  2. SUVs and 
  3. double-cab trucks from Toyota

Benefits

  1. Regularly scheduled maintenance and servicing.
  2. Oil changes, tire rotation, tune-ups, etc.
  3. Cash and high turnover

How to contact ARS Kenya

If you wish to contact ARS Kenya via email, write them mail via sales@ars-kenya.com.

To contact them through telephone call +254-733-927437 or +254-722-203062 to speak further with them.

Myhire

Myhire seamlessly connects renters to car owners through a mobile app. They create exposure, trusted marketplace and accessibility for both renters and car owners. You can earn more money by leasing out your car. People hire your car and you get 75% of the earnings the app generated. Payment is done 30hrs after the client check-in using the app.

Their focus is on making an integrated digital platform by equipping car rental operators with the best innovations for a better rental experience.

Procedures:

  1. Registration: here you download the app. Then you sign in and list your car, put your location and the price. Specify your own ground rules and state when your car is available.
  1. Delivering your car: you deliver your own car and collect it when the client is back. Also help the client check-in using the app, give them the keys and check out the client later.  You can help them also by suggesting borrowing airtime incase an emergency arises.
  1. Payment: you are paid 30hrs the client checked-in and you are paid 75% of the money paid by the client.

 Requirements:

  1. Present vehicle for inspection.
  2. Agree to the binding partners in terms and conditions.
  3. Have a registered comprehensive PSV Insurance
  4. The car presented should be less than nine (9) years
  5. 160,000 kilometres car
  6. Value of the car should not be less than Ksh. 700,000 payment and booking of installation of MyHire-GET
  7. Up to date and good safety standard history
  8. 7 consecutive days’ rental period
  9. Four (4) passenger’s seat with 4 wheels.

Vismart

You can lease your vehicle with Vismart at a very good rate up to ksh.180,000 monthly with your car lease. Vismart leases cars on a long-term basis from individuals who own personal cars.

As an individual in Kenya, you can lease your vehicles to this platform for a period of up to one year. You will make an extra income that will enable you to purchase more cars.

Their firm commitment in car leasing in Kenya has always been to create a friendship with those they lease cars from. It has been from offering long-term car lease in Kenya at amazing rates to attracting more customers. 

Requirements:

  1. Lessor (Car owner) will be asked to render the GPS tracker login
  2. Provide a copy of your log book
  3.  Present your national identification card.

However, If you as the lessor have not installed the GPS tracker yet, you shall install it and provide the credentials to lessee 

Insurance policy

While the lessee still has the car, you as the lessor shall comply with all the insurance requirements and policy expiration date.

Payments

You receive your payment on the 5th of every month. When delays occur, know that some clients have delayed payment. Once they pay up, you get your money without delay. However, know that upfront payments are not until the month elapses.

Compliance

Note that your vehicle must comply with all traffic requirements (Traffic act 2010). The traffic acts of Kenya require all rental cars to have PSV (self drive) insurance.

Conclusion

Car leasing is a legitimate way to make money in Kenya. You lease your car to car leasing companies and they pay you monthly. Leasing your car does not mean transferring ownership with them. At the end of the contract, you still take ownership of the vehicle.

You can try out these companies listed in this article for your car leasing and enjoy the benefits that come with it.

NHIF Card Replacement – Cost And How To Process Replacement

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All should access good health as a basic human right as contained in the 2010 Kenya constitution. But not every citizen of Kenya can afford it because of its high cost, this brought about the National Hospital Insurance Fund (NHIF).

It became a vehicle the government of Kenya uses to roll out universal healthcare in the country. NHIF Card replacement is one of the trending topics in Kenya.

We will take you through the meaning, processes, and all you need to know.

What is NHIF?

NHIF stands for National Hospital Insurance Fund. It is the primary render of health insurance in Kenya. Their primary aim and vision is to provide all Kenyans access to quality and affordable health care services.

What is NHIF Card?

NHIF is a printed document given to a member who has fully registered for NHIF health care services. It is evidence that you are a member and have fully subscribed to their insurance services.

The card covers hospital bed charges, nursing care, diagnostics and all drugs prescriptions and all medications. 

Eligibility 

Any person resident in Kenya is eligible. For those in the formal sector, it is compulsory to be a member, but for those in the informal sector, it is Voluntary. 

Requirements for registering under the NHIF  

The requirements for registering under the National Hospital Insurance Fund are listed below:

  1. Valid ID Card
  2. Passport photo
  3. Authentic Marriage certificate if married. 

How to register for NHIF

Registration fee is ksh.1500. The procedure for applying for NHIF registration online is as follows;

  1. Visit: http://www.nhif.or.ke
  2. Select Employed or self employed
  3. Employee application form will load
  4. Fill the form details
  5. Attach copy of ID, passport photo and marriage certificate (for married people only)
  6. Click Save
  7. They will notify you of your status upon nhif payment
  8. You will also receive an SMS to your number confirming your registration. 

NHIF card processes/collection

For your NHIF card replacement collection, after completing your application and the application being approved, visit any NHIF office close to you and get your card printed for you.

How long does it take for NHIF card to mature?  

The normal NHIF card takes up to 14days. After 14days, visit the nearest NHIF branch office and pick your card or have your card printed out for you.

How can I get an NHIF card replacement?

When you lose your NHIF card, you can replace it by making payment Kes. 10000 to any of these banks:

  1. Equity bank
  2. Co-operative
  3. National Bank and
  4. KCB Bank

You tell the bank teller that the payment you are making is for NHIF card replacement, then take the bank slip to any NHIF office and have your card replaced or printed.

How can I activate my dormant NHIF card?

How to reactivate your dormant NHIF Card:

  1. On your M-PESA menu, select Lipa M-Pesa.
  2. Select Paybill, enter NHIF M-Pesa paybill number: 200222.
  3. Under account number, key in your national ID number.
  4. Enter the amount
  5. You should receive a confirmation message of the transaction.

How long does your NHIF card take to be active?

To reactivate your NHIF card, you have to pay kes.1500, you will then wait for two (2) months  (60days) to start with their regular services.

How can I know that my NHIF card is active?

As a member of NHIF, you can check if your card is active by:

  1. Composing a new SMS message
  2. Type the letters “ID”, give space, then followed by your ID number (or passport number) e.g. ID 34234567.
  3. Tap send and send it to 21101.

How does NHIF card works?

All illnesses and diseases in Kenya are catered for by the National Insurance Fund (NHIF). After Registration by a member, a card is issued out. Once a member is discharged, they pay all bills accumulated in the hospital.

Benefits of NHIF

National Health insurance Fund (NHIF) as a health care service provider in Kenya plays a role in attaining better and quality packaged health care services. NHIF benefits ranges from:

  1. Clinical care services
  2. Maternity cover
  3. Life cover by paying death benefit upon verification of complete document and receipts of the deceased.
  4. Expense cover by paying for funeral expenses and general emergency loans.

How to contact NHIF

To learn further, reach NHIF out on their toll-free number  0800720601, (020) 2723255/56, (020) 2714793/94 and (020) 2722527 or customercare@nhif.or.ke.

Fax detail is (020) 2714806 and the email address of National Hospital Insurance Fund for enquiries is customercare@nhif.or.ke.

For any kind of complaints, email to complaints@nhif.or.ke.

Conclusion 

Only the financially able can access good health care in Kenya, but with the inception of NHIF, most of the citizens can afford a robust of good health care. For those citizens in the informal sector who are not obliged or mandated to become a member, register today and get the full packages that come with proper health care and attention. 

How to borrow Airtime from Telkom Kenya

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Imagine this scenario: You’re in the middle of an important conversation, and suddenly, your airtime runs out. Or perhaps you need to send an urgent message, but you’ve exhausted your balance. These situations can be frustrating and inconvenient, especially when you have no immediate access to a recharge outlet.

Fear not! Telkom’s PEWA allows you to borrow emergency airtime by just dialing *133#. The PEWA service is similar to Safaricom’s Okoa Jahazi and Airtel’s Kopa and is available to Telkom prepaid subscribers.

One stand-out thing is that you can borrow airtime in the middle of a call. No matter the situation, PEWA enables you to remain connected to the people you care about.

How-To-Borrow-Airtime-On-Telkom-Kenya

About PEWA emergency airtime

Telkom Kenya’s PEWA Emergency Credit service is designed to provide a lifeline when you run out of airtime, similar to Kopa Kredo and Okoa Jahazi from other carriers.

Eligible Telkom prepaid customers can access PEWA by dialing the simple code *133# on their phones. Depending on your needs, you can borrow PEWA 20, PEWA 50, or PEWA 100 on your Telkom line.

A 10% service fee applies to each request, meaning if you borrow PEWA 100, you’ll receive Ksh 90 worth of airtime. With PEWA, Telkom ensures you stay connected even during unexpected moments.

It’s important to note that a 10% service fee is applied to each PEWA request. This means if you borrow PEWA 100, you will receive Ksh 90 worth of airtime, with Ksh 10 being the service fee.

How to borrow airtime from Telkom 

Accessing PEWA emergency airtime is an easy process. Dial *133# on a phone with a Telkom number to initiate the process. Select the amount of airtime that best suits your needs(typically Kshs. 20, 50, or 100). Follow the prompts to complete the loan and get back to calling or texting!

Eligibility for Telkom airtime

To be eligible for this service, Telkom requires the subscribers:

  1. To must have been an active user for the previous two months. 
  2. To have your account airtime balance between Ksh 10 and Ksh 20. 
  3. To have an accumulated spend of at least Ksh 50 in the previous month.

Understanding PEWA’s Terms and Conditions

Being familiar with PEWA’s terms and conditions is just as important as meeting their eligibility criteria. Here’s a breakdown of key points to remember:

  • PEWA charges a 10% advance fee on each request. This means you’ll receive the requested airtime minus the 10% fee. For example, requesting Ksh 50 will result in Ksh 45 of usable airtime.
  • PEWA airtime is valid for 30 days and cannot be used for international roaming.
  • You have 7 days to settle your PEWA advance. If payment isn’t received within that timeframe, your access to the service will be suspended for 14 days.

Benefits of PEWA emergency airtime

  1. PEWA gives you instant airtime on loan if you are eligible
  2. It enhances quick airtime when there is no shop around to purchase airtime
  3. It is simple to master and convenient to use.

How to Check Your Telkom PEWA Balance

To check your Telkom PEWA balance, dial *131# on your phone.

how-to-check-your-telkom-pewa-balance. *131#

How to repay airtime from Telkom Kenya

There are two main ways to repay airtime borrowed through Telkom Kenya’s PEWA service:

1. Top-up your Telkom Line:

  • This is the most straightforward method. Simply recharge your Telkom phone number with enough credit to cover the borrowed amount and the 10% service fee. Once the top-up is successful, Telkom will automatically deduct the PEWA amount and fee from your main balance.
  • You can top up your phone using various methods: Mobile Money services like M-Pesa, Agent shops, Telkom Self-care platforms (*160# or My Telkom App), or by purchasing a scratch card.

2. Pay Bill using T-Kash:

  • If you’re a registered T-Kash user, you can use it to repay your PEWA balance directly.
  • Dial *160# or access the My Telkom App and navigate to the T-Kash menu.
  • Select “Pay Bill” and then choose “Popular Paybills.”
  • Find “Telkom Kenya” from the list or enter the business number (220220).
  • Enter your Telkom phone number as the “Account Number” and the total amount to be paid (borrowed amount + 10% fee).
  • Confirm the transaction by entering your T-Kash PIN.
  • You’ll receive a confirmation SMS upon successful repayment.

Conclusion

Telkom Kenya renders integrated telecommunications solutions to individuals and agencies in Kenya. They can give you instant airtime through a service called PEWA by charging a 10% fee.

You should always read the terms and conditions before you engage in any borrowing service in Kenya, since it is important to know what you are getting into.

Frequently Asked Questions

1. Can I get Okoa Jahazi on Telkom?

No, Telkom’s airtime borrowing service is called PEWA, not Okoa Jahazi. While both offer emergency airtime, PEWA is specific to Telkom.

2. What are PEWA Telkom bundles?

PEWA doesn’t function like traditional data or airtime bundles. Instead, it provides you with a set amount of emergency airtime – Kshs. 20, Kshs. 50, or Kshs. 100 – to make calls or send SMS.

3. How long do I have to repay PEWA?

You have seven days to repay the borrowed PEWA amount.

4. What happens if I don’t repay PEWA on time?

If you default on repayment, you won’t be able to access PEWA services for 14 days as a penalty.

5. Is PEWA free to use?

No, PEWA is not free. Telkom charges a 10% advance fee on every PEWA request you make.

Okoa Mia review and how to apply

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This article focuses on Okoa Mia review and how to apply. Are you in need of a loan in Kenya on your kabambe phone? Meaning you do not possess a smartphone. Or you need a loan without having to use a mobile loan app. Then look no further. You can apply for a loan using USSD on your phone. This means you can apply for a loan on a kabambe or mulikamwizi phone. Borrowers can access the loan by dialing the code directly from their kabambe phone dialer. USSD code works on any phone and you can request for a loan using it.

Not only that, USSD services are available on smartphones. When you have applied and have been approved, they send the fund directly to your M-Pesa account.

What you need to know about Okoa Mia loans

Okoa Mia Ventures Limited is a platform that allows users to agree to comply with all the terms. Borrowers protect the confidentiality of their password. Borrowers or Users will understand that there are interruptions in service or events that are beyond the control of Okoa Mia, and shall not be held responsible for any data lost during transmission of data. 

It is also important to note that their aim is to make the platform accessible 24 hours per day, but might often encounter some maintenance. It is simply a platform for accessing loans using USSD code at any point in time.

How to apply for Okoa Mia loans

Applying for loan is simple and easy, just follow the procedure below:

  1. Dial USSD Code *628# to register for the loan
  2. The second step is to pay an acceptance fee of between ksh. 5 and Ksh. 45 for loan processing.
  3. Also note that the paybill number and account number is your ID number. 
  4. Finally, dial *628# and choose the amount you wish to borrow or qualify for and will be deposited into your M-Pesa account within 5minutes.

Note: If you do not qualify for any loan, they will reject your acceptance fee.

Maximum and minimum loan limit

When you have applied for a loan and have qualified, you will get a minimum loan of between Ksh. 100 and Ksh. 900 in credit advance.

Interest rate

The interest rate for Okoa Mia is 10%. So you pay 10% on the principal amount you borrowed.

Repayment duration 

The repayment duration for Okoa Mia is 5 days. When you cannot repay, you will not be able to access future loans. The platform will also go further to blacklist your name with CRB.

Eligibility 

Eligibility for Okoa Mia loans are:

  1. Must be 18years and above
  2. Have a National ID
  3. Have a registered Safaricom Sim

Requirements for Okoa mia loans

You must meet the following requirements before you get a loan with Okoa mia. They are:

  1. Have a Safaricom line that is M-Pesa enabled.
  2. Must not be in CRB
  3. Have a national ID number 

Additional charges

Acceptance fee of between Ksh. 5 and Ksh. 45 depending on the loan you applied for must be paid. The fee is a signature for accepting Okoa Mia terms and conditions. Also note that your acceptance fee will be rejected if you don’t qualify the loan.

A transaction fee of Ksh. 15 is paid when you receive your loan. Failure to pay your loan on time, you will incur a late payment fee of ksh. 20 per day to ksh. 180 per day depending on your principal amount.

How to Repay Okoa Mia Loan

To repay Oko Mia loans, follow this method below:

  1. Go to your Mpesa menu.
  2. Choose Lipa na Mpesa.
  3. Select Paybill option
  4. Enter the paybill number as 519608.
  5. Input your ID number as the account number.
  6. Enter the amount you owe to Oko Mia
  7. Type in your pin and submit to pay.

Additional information and summary of the terms and conditions of Oko Mia loans

  1. The borrower is to pay back the credit advance or the loan in full within 5 days from the issuing date. Once you fail to do so, it gets overdue.
  1. Okoa mia will send notifications to all borrowers through email and SMS, to specify the date the loan will determine.
  1. The borrower consents for the platform to check their credit score or gain their details in the CRB database(s).
  1. To qualify for the loan and be approved, you need to pass our CRB check. 
  1. To view and see the complete listing of the loan amounts, interest, transaction fees and penalty charges visit the website.
  1. Okoa Mia has the sole right to qualify and reject any loan application at our discretion and at any time.

How to contact Okoa Mia loans

To contact Okoa Mia by mail, email @ info@okoamia.com. You can reach them on mobile via 0707000222 and landline on 020 514 2100. If you prefer to pay them a visit at their office, visit Jasmine Center, Westlands, Nairobi, Kenya.

Conclusion 

The Okoa Mia lending platform allows borrowers, who meet the eligibility and the requirements, to apply for a loan between Kshs. 100 to Kshs. 900. For receiving the credit advance, you incur a transaction fee of Ksh. 15. This means that you will pay an additional Ksh. 15 with your loan amount. The interest rate for the loan platform is 10%.

However, the borrower pays an acceptance fee of Kshs. 5 to Kshs. 45 depending on the loan amount equally. This acceptance fee is your signature for accepting Okoa mia terms and conditions.

There exists loans for the unemployed too in Kenya.

How to transfer money from M-Pesa to KCB account

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KCB is known to be the preferred provider of financial solutions in Africa with a global reach. KCB strives to drive efficiency while growing market share.

In this post, we look at how to transfer money from M-Pesa to a KCB account. You can either do this using the M-PESA app or through an M-Benki account.

If you prefer to use an M-Benki account, you will need to open an M-Benki account first.

How To Transfer Money From M-PESA To a KCB Account

How to transfer from M-PESA to KCB account
  1. Go to your M-PESA menu,
  2. Choose Lipa na M-PESA,
  3. Enter the PayBill number 522522,
  4. Enter the KCB account number you are transferring money to and the amount
  5. To send money, enter your M-Pesa PIN and confirm.

Sending Money From M-Pesa To KCB Charges

For all deposits made via Mpesa to KCB, there is no charge from KCB. Sending money through Safaricom M-Pesa, however, will incur a fee. Moreover, the charges below are applicable:

  1. Dialing on to KCB Mobi Bank via USSD is charged by your mobile phone subscriber. Safaricom subscribers pay Kshs. 2.
  2. Balance enquiry is charged at Kshs. 33
  3. Mini statement is charged at Kshs. 33
  4. Forex rates are free.
  5. Airtime purchase for own phone and other phones is free
  6. M-Pesa transfer from KCB account to M-PESA is Kshs. 55
  7. Mobi Loan and Kopa Bill Loan are charged an interest of 6%
  8. Salary Advance is charged an interest rate of 8% per month.

Opening a KCB M-Benki Account 

You can open an M-Benki account by taking the following steps ;

  1. Navigate to the M-Pesa menu on your phone toolkit, if you are not a customer of KCB bank 
  2. Choose payment services, then pay the bill. Put KCB paybill number 522522 in when prompted with a business number. 
  3. Select the account, then enter “ID” accompanied by your ID number in the format ID23456789. 
  4. Indicate the amount of money that you intend to deposit.
  5.  Upon completion, enter your M-Pesa PIN to authorize the transaction 
  6. A short message with your user ID and your personal identification number will be sent to you with a second message containing your M-Benki account number. 

How To Open a KCB M-BENKI Account Through M-Pesa

  1. Go to the M-PESA menu
  2. Choose Lipa na M-PESA
  3. Select Paybill and enter Paybill number 522522
  4. Under Account, type ID(No Space) and your National ID Number e.g ID123456789
  5. Enter the amount to deposit, and your M-Pesa PIN.
  6. You will receive two SMSs, one with your KCB M-BENKI Account number and the other with your temporary PIN.

Note: You can deposit money to KCB through Mpesa without paying transaction charges. You will need to open a KCB M-Benki account to do this. 

Benefits Of M-Benki

M-Benki offers users several benefits. You can do the following with M-Benki:

  1. It is possible to transfer money to other KCB banks 
  2. There are banks other than KCB where you can move your funds 
  3. Money can be deposited into and withdrawn from M-Pesa
  4.  No matter what network you use, you can easily buy credit.

Note: Existing clients can register for M-Benki at their nearest KCB bank. 

How To Withdraw Cash With a KCB M-Benki Account 

If your ATM card has expired or you have forgotten it somewhere you don’t need to worry. You can withdraw cash at the nearest KCB ATM by using ‘555555’ as the agent number. 

How To withdraw Money From KCB To M-Pesa account 

Here is a comprehensive guideline on how to transfer your funds from KCB to M-Pesa. They are:

  1. To start a transaction, dial *522# in your phone and enter your M-Benki secret PIN
  2.  Select MyKash from the pop-up menu, then M-Pesa.
  3. M-Pesa grants multiple choices to send money, either to your phone or any other 
  4. As you proceed, enter any amount you wish to transfer, provided it does not exceed fifty Kenyan shillings or KSh. seventy thousand. 
  5. When you enter an amount, the system displays the cost of the transaction along with the amount you entered 
  6. Accept and complete the transaction if all is well
  7.  The amount deposited to your account will be notified to you via SMS. 

How To Purchase Airtime Via KCB App

  1. Open the KCB App icon
  2. Select Transact
  3. Choose Airtime
  4. You can purchase your phone or pick a recipient from the contact list

KCB M-Pesa Contacts Kenya Commercial 

In case you want to reach M-Benki client mind centers, apply the following contact information. 

  1. Short Message: 22522 
  2. Mobile: 0732 187000 or 0711 087000 
  3. Facebook: KCB Bank Group and 
  4. Twitter: KCBgroup 

Conclusion 

The mobile money transfer industry is a fast-growing service industry in Kenya. Given its mobility and adaptability, several banks, like KCB, have adopted the concept. It is now possible to transfer funds from M-Pesa to KCB

See also: Recovering loans and Credit note