Mobile lending in Kenya is the most popular form of accessing short loans without the hustle of numerous documentation akin to formal institutions like banks or SACCOS.
This has subsequently led to an increase in mobile credit providers all competing to satisfy this demand.
Below, we look at some of these mobile lenders currently available in Kenya.
AfrikaLoan
This is a loan service offered by AfrikaLoan. The loan amounts range from KES 500 to KES 50,000. The interest rate charged is between 0.8% – 15.2% while the repayment duration is up to 52 weeks.
Download link https://tinyurl.com/y4guf2kz
Bayes
This is a loan service offered by Pi Capital Ltd. The minimum borrowing amount is KES 500, the interest rate fee is 20% and the repayment duration is 30 days.
Download link http://shorturl.at/pCIR2
Berry
This is a loan service offered by Finberry Capital Ltd. Their loans start from KES 500 at an interest rate of 15%. Their repayment duration is 30 days.
Download link https://tinyurl.com/y42uu2do
Branch
This is a loan service offered by Branch International. Their loan amounts range between KES 250 to KES 70,000 at interest rates of between 13% – 29%. Their repayment duration is 21 days and 30 days.
Download link https://tinyurl.com/y2bwbzt2
Craft
This is a loan service offered by Craft Inventure. Their loan range is KES 500 to KES 50,000 at an interest rate of 12% with a repayment duration of 21 days.
Download link https://tinyurl.com/yye4e6ke
Haraka
This is a loan service offered by Getbucks Pty ( Ltd ) offering a loan range of between KES 500 to KES 50,000 at an interest rate of 23.45%. Their repayment duration is 30 days.
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Jazika
This is a loan service offered by Jazika Ventures. Their loan amounts start at KES 300 with interests rates of between 25.2% ( 28 days ) and 30.2% ( 21 days ) with a repayment period of 21 days and 28 days.
Download link shorturl.at/koqD7
JumboPesa
This is a loan service offered by Antelope Tech. Their loan amount is between KES 500 to KES 50,000 at an interest rate of 15% with a repayable duration of 30 days.
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LoanBee
This is a loan service offered by Weza Ventures. Their minimum Loan amount is KES 100.
The interest rates charged are 16.7% ( 21 days ) and 18.8% ( 30 days ) with a repayment duration of 21 days and 30 days.
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Mkey
This is a loan service offered by Finserve Africa. Their loan range is between KES 300 to KES 50,000 at an interest rate of 9%. Their period of repayment is 30 days.
Download link shorturl.at/ginVZ
Okash
This is a loan service offered by OneSpot Technology Ltd providing loan amounts of between KES 2,500 to KES 50,000. The interest rates charged are 14% ( 14 days ) and 16.8% ( 21 days ) with repayment duration of 14 days and 21 days.
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Okolea
This is a loan service offered by Okolea International. Its loan range is KES 500 to KES 50,000. They have a variation of interest rates of 5% ( 2 days ) , 8% ( 7 days ) , 11% ( 14 days ) , 13% ( 21 days ) and 15% ( 30 days ). Their repayment duration is 2 days, 7 days, 14 days, 21 days and 30 days.
Download link https://tinyurl.com/y65ectzl
Opesa
This is a loan service offered by TK Ltd. Their loan amounts are between KES 2,000 to KES 10,000 at an interest rate of 16.8% repayable after 14 days.
Download link https://tinyurl.com/yyoqep3c
PesaZone
This is a loan service offered by PesaPro Ltd with loan amounts of between KES 250 to KES 50,000 at an interest rate of 10% which is to be repayable between 7 days to 90 days.
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Saida
This is a loan service offered by Greenshoe Capital Inc providing a minimum loan amount of KES 600 at an interest rate of 15% repayable after 30 days.
Download link https://tinyurl.com/pb8vrwo
Shika
This is a loan service offered by Alternative Circle. Their minimum loan amount is KES 500. Their interest fee is 15%. All their loans are to be repaid in 30 days.
Download link https://tinyurl.com/y4kbfdmk
Tala
This is a loan service offered by Tala Mobile. Their loan range is between KES 500 to KES 30,000 with an interest rate of 11% ( 21 days ) and 15% ( 30 days ). Their repayment duration is 21 days and 30 days.
Download link https://tinyurl.com/o2qlgsp
Timiza
This is a loan service offered by Barclays Bank with a loan range of between KES 50 to KES 100,000 with of interest rate is 6.08%.
Their repayment duration is 30 days.
Download link https://tinyurl.com/y8w3veeh
UbaPesa
This is a loan service offered by Ubapesa Limited. Their minimum loan amount is KES 500. They charge an interest rate of 10% ( 10 days ) and 14% ( 20 days ) with a repayment duration of 10 days and 14 days.
Download link https://tinyurl.com/y5ec7eyk
Zenka
This is a loan service offered by Zenka Finance. They offer a minimum loan amount of KES 500. Their interest rate is 29%. Their repayment duration is 30 days.
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