List of Mobile Loan Apps in Kenya 2019


Today we will review a list of Loan Apps in Kenya that allows you to access mobile credit and get paid through Mpesa.

It has been revealed in research that more Kenyans survive on mobile loans thanks to the innovative ways of getting a loan in Kenya.

It is truly amazing how easy it is to get instant unsecured loans through Loan Apps in Kenya. Getting personal loans online in Kenya is now faster and easier than getting a traditional bank loan thanks to the introduction of Mobile Banking.

Customers who need to borrow a small personal loan for an amount between Ksh 100 and Ksh 50,000, will have an instant approval with money deposited directly into their Mpesa accounts.

BEST loan apps in Kenya in 2019

Here is the ultimate list of top loan apps in Kenya as of writing this article.

  1. Mshwari by Safaricom
  2. KCB Mpesa Loans
  3. Tala Loans
  4. Branch Loans
  5. Saida Loans
  6. Haraka
  7. Zidisha
  8. Shika Loan App
  9. Timiza from Barclays
  10. HF Whizz

Let’s go and explore the Loan Apps one by one. However, it is important to point out that KCB Mpesa and Mshwari are not open to everyone unless you are a client of either KCB Bank or Safaricom LLC.

Loan apps in Kenya

1. Mshwari

This is a Mobile banking service offered through M-Pesa in partnership with the Commercial Bank of  Africa (CBA). Mshwari was found in 2012 and has been active ever since.

The minimum loan amount that can be borrowed is Ksh 100 and the maximum loan limit is unknown. To qualify for a higher loan limit, one is required to have repaid the first loaned amount on time, and also increase your saving amount in your Mshwari account.

Mshwari loans usually have a repayment duration of 30 days and attract an interest rate of 7.5%. Loan disbursement is done through Mpesa and is processed in less than five minutes.

It is important to note that Mshwari is one of the best mobile loan solutions that are easy to get with minimum requirements.

How to Qualify for a Mobile Loan on Mshwari

To qualify for a loan from Mshwari loan, you must meet the following criteria:

  • Be a Safaricom subscriber and have Mpesa enabled for your line.
  • A registered and active Mpesa line used for a period of six (6) Months
  • Active Mshwari account
  • An updated Mpesa menu

Safaricom has introduced Fuliza product which is challenging Mshwari at the moment.

2. KCB M-Pesa

KCB Mpesa is a partnership between the Kenya Commercial Bank (KCB) with Mpesa through Safaricom. The loan platform started in 2015 as a saving account and has been active ever since. It is possible to borrow without saving and the loan is disbursed through KCB Mpesa Menu on your phone.

The minimum loan limit is Ksh 50 and a maximum of up to Ksh 1,000,000. Loan interest is at a rate of 1.16% per month with a one-off negotiation fee of 2.5%. The cost of a months loan is 3.66% with excise duty applicable to fees.

Conditions for Loan eligibility on KCB Mpesa

Being an active registered Safaricom Mpesa customer for six months is enough to qualify for a loan. Dial *844# and follow user prompts to activate our KCB-Mpesa account.

How to increase your KCB Mpesa Loan Limit

KCB Mpesa assess your loan repayment behaviour, saving history and monitors your Mpesa transactions activity to determine the amount of loan limit for you.

NOTE: KCB M-Pesa and Mshwari are accessible through Mpesa Menu on your phone or the Safaricom App. KCB Mpesa is also available through the KCB App.

3. Tala (Formerly Mkopo Rahisi)

Tala Loan Apps in Kenya

Tala was the first instant mobile loan app launched as Mkopo Rahisi in 2014 and later rebranded to Tala. Tala App requires one to have a smartphone and a good Mpesa Track record in order to access their loans.

How does Tala work?

To determine your loan limit, The App depends on your loan repayment behaviour and on reading your Mpesa transaction activities. You shouldn’t delete your Mpesa messages.

  • Download & install the Tala App from the Google Play store
  • Link app to your Facebook account
  • Answer a few personal questions

The loan is disbursed through your Mpesa account and the minimum loan limit is Ksh 500 with a maximum of Ksh 50,000 at an interest rate of 15%.

The loan is to be paid back in weekly instalments for a period of 3 weeks through Mpesa PayBill number 851900. Loan defaulters are restricted from qualifying for future loans.

Learn More about Tala Loan App

4. Branch

Branch International Inc is a San Fransico based company with a branch in Nairobi. It was launched in Kenya in 2015 and has been active ever since.

To qualify for a loan using this app, you need to be a registered Mpesa user and have a genuine active Facebook account with usernames matching those in your National ID card.

Download and install Branch app from the Google Play store, link the app to your Facebook account, provide the required details like Phone number, National ID number etc. Verify your Phone number by clicking on the link sent to your phone via SMS

Link the app to your Facebook account. Fill in the required details. Mpesa number, National ID etc. Verify your account by clicking on the link that is sent to your phone via SMS.

The minimum Loan limit is Ksh 1000, and the maximum loan limit is currently unknown. The loan is disbursed via Mpesa and the interest rate is dependent on the repayment of the weekly instalments by the due date which ultimately increases the credit score and decreases the interest rate.

5. Saida

Saida is also using a mobile app to grant loans just like Tala and branch. To be eligible for a Saida Loan, your Mpesa/Airtel Money accounts must be very active. The app reads and monitors your transaction and calls activities to determine if you can be able to repay their loan.

To access Saida, download the app from the Play store. Fill in your mobile number and wait for an invitation to access loans, the invitation could take up to 3 -7 days for approval. Saida offers a Minimum loan limit of Ksh 600 with a maximum of Ksh 25,000 at an interest rate of 10%.

This loan is disbursed through Mpesa and is repaid in the same way via Mpesa Paybill number 854400 for 30 Days. Defaulters are handed over to CRB to be blacklisted.

6. OKOA Stima

Okoa Stima was founded by Kenya Power in partnership with Safaricom in 2015 and is currently active. It comes in handy when you don’t have enough fund to pay for electricity.

The minimum loan amount is Ksh 100 and a maximum of Ksh 2000 at an interest rate of 10%. The loan is disbursed and repaid through Mpesa and has a duration of 7 Days.

Follow the steps shown here to get the OKOA Stima Loan.

7. Kopa Chapaa

Kopa Chapaa was established at the time as and is facilitated by Faulu Kenya. You need to be an active airtel money for 6 months user to qualify for a loan.

The minimum loan limit is Ksh 500 and the maximum limit is Ksh 100,000. The loan has a short payment duration of 10 Days.

8. Zidisha Loans

Zidisha an international firm which was found in 2008 and has been active ever since. It is a peer to peer lending platform which basically means that it is a platform for lending money to individual or business organizations via an online platform that matches creditors directly to borrowers.

Zidisha is a non-profit organization which connects borrowers from Kenya and across Africa, with creditors from North America and Europe. To qualify for a loan with Zidisha, you need to;

  • Be employed or have an active business
  • Have good conduct and reputation
  • Have a good credit score record
  • One should also have a good online presence to be able to respond to Zidisha queries and products on their website
  • You need also to hold a Facebook account with good social connections
  • Reside in a country where Zidisha currently operates.
  • Be able and committed to posting frequent updates and reviews regarding the use of the loan and progress of the business on the Zidisha website.

9. Stawika Loan Ap

Stawika is owned by Stawika Capital. The app automatically evaluates mobile phone data as well as other factors to assign loans. The app also uses information from CRB so make sure you are not listed on CRB before applying for a loan.

Stawika charges an interest rate of 15% and the loan is repayable through Mpesa.

10. Timiza App by Barclays

One of the recently launched Loan Apps in Kenya is a wonderful loan product from Barclays Kenya. The best thing about Timiza is that it is open to anybody with a mobile phone. Most importantly because you don’t need a Barclays account to use the Timiza App.

It is also good for saving and you increase your chances of getting a loan by depositing money into the App through M-Pesa.

If you are not using a Smartphone, you still can access the loan services from Timiza by dialling *848# on your mobile phone.

11. mKey Loan App

mKey represents the new revolution in customer-centric financial services. This is a new App from Finserve Africa that is gaining popularity fast. With mKey Loan App, you get a keyboard with yetumojis.

The app allows you to send money to several mobile wallets including Mpesa, Equitel money, & Airtel money.

You can also buy airtime for either Safaricom, Equitel, Airtel, Telkom or Faiba. The app also allows you to goods or pay bills. You can do more like reading news get loans among other services.

You can get the mKey loan apps on the Google Play store

11. HF Whizz App

I cannot end the list without mentioning the HF Whizz App from HF Group. I love it because the first time I qualified for a loan of 22,000.

The group is a credible entity in Kenya and be sure you will be served when you try them out.

The app allows you to borrow up to a maximum limit of 50,000 and it similar to Timiza App by Barclays. Apart from loans, you can also pay bills and send money to other people.

To get started with HF Whizz App, head over to Google Play Store and download the app. The process of registration is straight forward and you will get a loan.

Conclusion on Loan Apps in Kenya

It’s always good to check if you had been wrongfully blacklisted by the Credit Reference Bureau (CRB). It only takes seconds to Check your credit score with CRB to qualify for a higher loan limit.

Video – Top Loan Apps in Kenya

We’ve made a simple video that shows all the available loan apps in Kenya. If you don’t want to read make sure you check out the video.

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Rafa'el is an Engineer/Entrepreneur who loves turning everything he finds interesting into hard cash, including conversations and directions.


  1. Comment:Am helped in this website and now I can know away forward on how to borrow and who to borrow the money thanks a lot

  2. This is so informative. I have made up my mind and as I type this, Tala, Branch and Timiza have already loaned me with Tala being my favourite. Asante for this article.

  3. Platinum credit LTD offers quick loans against log books upto 2m processed within 48hrs.If interested contact our credit officer through 0701313503


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