7 Safaricom Loans for Entrepreneurs and Individuals

safaricom loans

7 Safaricom Loans for Entrepreneurs and Individuals

Safaricom’s loan landscape caters to diverse needs, from daily requirements to business aspirations. 

Here is a list of some of the loan products offered by Safaricom, a major telecommunications company in Kenya:

1. M-Shwari

This NCBA Bank partnership provides microloans up to KES 50,000, accessible via M-PESA and requiring no collateral. Need cash for unexpected expenses? M-Shwari has you covered, with convenient 30-day repayment terms.

2. KCB M-PESA Loan

Scale up your borrowing power with KCB M-PESA loans, offering amounts up to KES 250,000 and flexible repayment periods reaching 3 years. Ideal for larger needs, these loans offer greater breathing room while leveraging your M-PESA usage for eligibility.

3. Fuliza M-Shwari

M-Shwari users can access this overdraft facility, extending their borrowing power by up to KES 50,000 beyond their M-Shwari limit. Perfect for unforeseen situations, Fuliza ensures you’re never caught short.

4. Safaricom Flex Loan

Prepaid subscribers rejoice! Safaricom Flex Loan offers one-month loans up to KES 200, credited as airtime based on your past usage and repayment history. A convenient way to top up your airtime without dipping into your pocket.

5 .Pochi La Biashara

Aspiring entrepreneurs, this one’s for you! Pochi La Biashara, in partnership with banks and OEMs, offers business loans from KES 3,000 to KES 6 million. Get your business rolling with this vetted cash advance, tailored to your unique needs.

6. Lipa Paylater by Safaricom

This app, powered by Craft Silicon, lets you shop and pay bills with ease! Qualifying Safaricom users can enjoy purchases up to KES 200,000 and bill payments, with loan repayment due within 30 days. Shop now, pay later – Lipa Paylater makes it a breeze.

7. M-PESA Business Loan

Designed specifically for businesses, this loan offers amounts between Kshs 5,000 and Kshs 2 million, with repayment periods spanning 6 to 24 months. Invest in your business with this straightforward loan, accessible through familiar M-PESA channels.

By leveraging customer data, borrowers can create seamless access to quick, unsecured loans, empowering individuals and businesses alike. So, whether you need a financial boost for groceries, airtime, or business expansion, explore Safaricom’s loan options and find the perfect fit for your journey.

Remember, borrowing responsibly is key. Always assess your repayment capacity before committing to any loan. With informed choices, Safaricom’s loan products can be powerful tools for financial empowerment and growth.

Read: How To Apply for M-Pesa Business Till Number

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