Top 5 Christmas Loan Apps to Cover Your Festive Expenses
The Christmas season is upon us, a time for joy, family, and sometimes, a strain on your wallet. Unexpected expenses can pop up, and if you need a little extra cash to cover Christmas essentials, several mobile loan apps are available at your fingertips. This guide explores five popular loan apps to help you find […]
Here Is Why KRA Plans to Access Your M-Pesa Balance
The Kenya Revenue Authority (KRA) is stepping up its scrutiny of M-Pesa transactions and bank accounts, introducing measures that will give the tax authority unprecedented access to personal financial data. Financial coach Good Joseph explains that this new directive aims to widen the tax base by tracking detailed information on how Kenyans are moving, receiving, […]
Should You Invest Ksh 1 Million in a Money Market Fund or a SACCO?
When it comes to financial investments in Kenya, two popular options are drawing attention from investors: Money Market Funds (MMFs) and Savings and Credit Cooperative Organizations (SACCOs). Both offer appealing returns, but which is better for an investor looking to maximize dividends on a Ksh 1 million investment?. Should You Invest Ksh 1 Million in […]
Safaricom Expands M-Pesa Global Service to Ethiopia
Kenyans can now send money to Ethiopia through Safaricom’s M-Pesa platform following the telecommunications giant’s expansion of its M-Pesa Global service into the country. This move, which links Safaricom Kenya and its Ethiopian subsidiary, marks a significant step in increasing mobile money use and financial inclusion in the East African region. M-Pesa Global is a […]
3 Benefits of JP Morgan Chase Bank Presence in Kenya
The Central Bank of Kenya has authorized the establishment of a representative office for JPMorgan Chase N.A. in Nairobi, bringing an end to a 12 year wait due to a regulatory hitch that prevented its expansion to Kenya. The approval comes ahead of a planned visit to Kenya by JPMorgan CEO Jamie Dimon, who aims […]
CBK Cuts Benchmark Lending Rates
Charges on bank loans are set to drop after the Central Bank of Kenya reduced the benchmark lending rate from 12.75% to 12%. This decision, announced by the Monetary Policy Committee (MPC), marks the largest interest rate cut since the start of the COVID-19 pandemic in March 2020. The CBK’s rate cut was prompted by […]
How to Easily get a Loan with Zenka
The Zenka loan app is one of the most preferred loan apps in Kenya, offering new customers their first loan interest-free. When you borrow Ksh 1,000 as your first loan, you only need to repay Ksh 1,000. The app has also gained popularity due to its quick processing time, disbursing loans within minutes of approval. […]
How to Borrow Quickly with the Timiza Loan
The Timiza Loan app is one of the best and most sought after loan apps in Kenya, with over 1,000,000+ downloads since its launch in 2021. The loan app is easily available, only requiring an Android 6.0 and up to efficiently run. Timiza loans range from KSh 50 to KSh 1,000,000, with the credit score […]
How to Borrow with the MCo-op Cash Business Plus Loan
The MCo-op Cash Business Plus Loan is a loan of up to Ksh 1 million, payable in up to 6 months, available to Co-op customers who have an active Co-op Bank Business account for at least six months. The loan is suitable for individuals, registered partnerships, business enterprises, limited companies, and private schools. The MCo-op […]
Safaricom Launches M-PESA Ratiba
Safaricom has launched M-PESA Ratiba, a feature that enables M-PESA registered customers to schedule recurring payments (standing orders) from their M-PESA accounts to other M-PESA users or Lipa na M-PESA shortcodes. M-PESA Ratiba is available to all M-PESA registered customers through their personal accounts and applies when sending money to other users’ M-PESA accounts or […]