We currently have 38 licensed commercial banks in Kenya a number that is slowly being realized by mobile lenders in Kenya who keep cropping up by each passing day.
Despite the huge number, not all lenders are alike in terms of popularity, loan amounts offered, repayment duration, interest rates etc.
Speaking of popularity, in a bid to reach out to more potential clients, a few lenders offer incentives to reach their targets. One of such is the use of referral bonuses which basically means that you are rewarded if you refer the app to a friend who in turn uses it to obtain a loan and repay it.
Below are 7 mobile lenders that offer referral rewards.
Berry
Berry is a loan service offered by Finberry Capital Ltd released on Nov 20, 2018. It offers loan amounts from as little as KES 500 which is repayable after 30 days at an interest rate of between 8-15%.
It currently has a 3.8 star rating with 2K+ reviews and 100K+ downloads.
New applicants can download the app via https://tinyurl.com/y42uu2do and register using the promo code BM43PHT0.
For each referral berry offers a reward of KES 100
Branch
Branch is a loan service offered by Branch International released on Mar 19, 2015. It offers loan amounts between KES 250 to KES 70,000 repayable for 21 days or 30 days at interest rates of between 13% – 29.
It currently has a 4.7 star rating with 186K+ reviews and 5M+ downloads.
New applicants can download the app via https://tinyurl.com/y2bwbzt2 and register using the promo code S6M3K5
Branch offers a bonus of KES 500 when invited friends repay their loan.
Haraka
Haraka is a loan service offered by Getbucks Pty ( Ltd ) released on Aug 24, 2016. It offers loan amounts between KES 500 to KES 5000 with a repayable duration of 30 days at 23.45% interest rate.
It currently has a 4.1 star rating with 11K+ reviews and 500K+ downloads.
New applicants can download the app via https://bit.ly/2NMrQS3 and register using the referral code 3VHT1SM
Haraka offers a refer and earn bonus whereby you earn KES 100 and your friend also earns KES 100 when they take out their first loan.
LoanBee
Loan Bee is a loan service offered by Weza Ventures released on Jun 24, 2017. Its lowest loan amount offered is KES 100. Their interest rates are 16.7% ( 21 days ) and 18.8% ( 30 days ).
It currently has a 4.1 star rating with 4K+ reviews and 100K+ downloads.
New applicants can download the app via https://bit.ly/2KxKCtI and register using the code SW7E6M8TQL
LoanBee offers KES 100 to you for every friend who borrows and it is credited to your account on their first loan.
Okash
Okash is a loan service offered by OneSpot Technology Ltd released on Feb 1, 2018. It offers loan amounts of between KES 2,500 to KES 50,000 at interest rate of14% ( 14 days ) and 16.8% ( 21 days )
It currently has a 4.1 star rating with 46K reviews and 1M+ downloads.
New applicants can download the app via https://bit.ly/2XBjDks and register using the code ACEXKN
Okash offers KES 2 for every friend that registers via the link and KES 150 when they repay the loan.
PesaZone
PesaZone is a loan service offered by PesaPro Ltd released on Jun 14, 2017. Its loan amounts range between KES 250 to KES 50,000 at a rate of 10% with repayment periods of between 7-90 days.
It currently has a 4.1 star rating with 2K+ reviews and 100K+ downloads.
New applicants can download the app via https://bit.ly/2QYhH2X and register using the code VING113
PesaZone offers KES 100 for every person invited who repays their first loan.
Zenka
Zenka is a loan service offered by Zenka Finance released on Nov 13, 2018. It has a minimum loan of KES 500 at the rate of 29% with 30 days of repayment period.
It currently has a 4.2 star rating with 10K reviews and 500K+ downloads.
New applicants can download the app via https://bit.ly/2UXDSf2 and register using the code EK6P
Zenka offers KES 100 credit on each first loan that your friends repay.
