Looking for quick, convenient, and mobile-friendly credit in Kenya? Safaricom’s M-Pesa platform has become more than just a money transfer tool it’s a powerful gateway to accessible loan products tailored for individuals, small businesses, and entrepreneurs.
Whether you need funds to cover an emergency, boost your side hustle, or support your business operations, Safaricom M-Pesa loan services have something for you.
Here’s a full breakdown of the top M-Pesa loan products in Kenya, how they work, who qualifies, and how to apply.
List of Safaricom M-Pesa Loan Products in Kenya
1. M-Shwari Loan
In partnership with: NCBA Bank
Purpose: Personal micro-loans and savings
Features:
- Loan amounts: Ksh 500 to Ksh 50,000+
- Interest: 7.5% (one-time fee)
- Repayment: 30 days
- No paperwork, no guarantors
Eligibility:
- Active M-Pesa user for at least 6 months
- Regular M-Shwari savings and transactions
- Good loan repayment behavior
How to Access:
- Dial
*334#> Loans and Savings > M-Shwari > Loan - Or use the M-Pesa App
2. KCB M-Pesa Loan
In partnership with: KCB Bank
Purpose: Personal loans and micro-savings
Features:
- Loan amounts: From Ksh 100 to over Ksh 1 million (based on credit score)
- Interest: 8.91% (including facility and negotiation fee)
- Repayment: 30 days
Eligibility:
- Active M-Pesa user
- Save frequently on KCB M-Pesa
- Consistent M-Pesa transactions
How to Access:
- Dial
*334#> Loans and Savings > KCB M-Pesa - Use the M-Pesa or KCB App
3. Fuliza M-Pesa Overdraft
In partnership with: NCBA & KCB
Purpose: Instant overdraft for short-term needs
Features:
- Instant top-up when your M-Pesa balance is low
- Daily access limit based on usage and repayment
- Daily interest: ~1% + access fees
Eligibility:
- Active M-Pesa usage and good credit standing
- Regular Fuliza repayments
How to Activate:
- Dial
*334#> Loans and Savings > Fuliza - Accept terms and conditions
4. Pochi La Biashara Loan
Purpose: Loans for micro-traders using the “Pochi” service
Features:
- Business-specific loan product
- Disbursed directly to your Pochi La Biashara account
- Loan amount and terms vary
Eligibility:
- Must have an active Pochi La Biashara account
- Good transaction history
How to Access:
- Through the M-Pesa Business App or *234#
5. Lipa Na M-Pesa Till Loans
Purpose: Working capital loans for SMEs using Safaricom Tills
Features:
- Instant access to loans based on Till transaction volumes
- Tailored repayment periods
- Ideal for retailers and merchants
Eligibility:
- Registered Safaricom Till account
- Consistent sales and M-Pesa usage
How to Access:
- Via M-Pesa Business App > Loan/Advance Option
6. Halal Pesa (Shari’ah-Compliant Loan)
In partnership with: Gulf African Bank
Purpose: Islamic finance-compliant mobile credit
Features:
- Shari’ah-compliant (non-interest-based)
- Profit margin instead of interest
- Loan limit based on user behavior
Eligibility:
- Muslim users or those seeking halal alternatives
- Active M-Pesa usage
How to Access:
- Dial
*334#> Loans and Savings > Halal Pesa
7. Faraja Loan (Interest-Free Loan)
Purpose: Buy-now-pay-later service for daily purchases
Features:
- Zero-interest short-term credit
- Available at selected merchants
- Repay within 30 days
Eligibility:
- Active M-Pesa user
- Must be opted in via *799#
How to Use:
- Dial
*799#> Opt-in > Use at merchant POS or Paybill
8. Mkopo Wa Pochi (New Feature)
Purpose: A simplified credit product for small traders on Pochi accounts
Still in pilot or roll-out phase — stay tuned for full nationwide access
Summary Table of M-Pesa Loan Products
| Loan Product | Partner | Interest Rate | Repayment Period | Target Users |
|---|---|---|---|---|
| M-Shwari | NCBA | 7.5% | 30 days | Individuals |
| KCB M-Pesa | KCB | ~8.9% | 30 days | Individuals |
| Fuliza | NCBA & KCB | ~1% daily + fees | Rolling | All M-Pesa users |
| Pochi Loan | Safaricom | Varies | Flexible | Traders with Pochi |
| Lipa na M-Pesa Loan | Safaricom | Varies | Flexible | Merchants & businesses |
| Halal Pesa | Gulf African | Profit margin | Up to 30 days | Islamic finance customers |
| Faraja Loan | Safaricom | 0% | 30 days | Shoppers & buyers |
Final Thoughts: Which M-Pesa Loan Is Right for You?
Whether you’re a student, small business owner, online vendor, or salaried employee Safaricom M-Pesa offers a loan solution tailored to your financial reality. These products are built for speed, simplicity, and scale and best of all, they’re accessible anytime, anywhere via your phone.
Pro tip: Repay on time and use your M-Pesa services actively to increase your credit score and loan limits.
