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10 genuine mobile based lenders in Kenya


Mobile based lenders have taken over the Kenyan market with some of these lenders enjoying up to over five million customers. These mobile based lenders have gained popularity because of the following reasons;

  • They offer instant loans
  • One does not require security to qualify for a mobile loan
  • They require very few documents
  • No paperwork involved
  • They are easily available

Because of these numerous advantages, many people have fallen victims to scammers who have invaded the world of mobile based lenders and they have gained by stealing from unsuspecting Kenyans.

In this article, I will take you through some of the genuine mobile based lenders that are based in Kenya. This is just to help you make an informed decision when borrowing inline and it is not meant to advertise or paint a given company negatively.

The apps are also not arranged in any order but are just listed randomly. The features attributed to these apps are from extensive research.

Read Also: How to borrow instant loans from Tala Mobile App

Read Also: How to borrow up to KSH.70,000 instantly on Branch loan App

mobile based lenders in kenya 2022

Mobile loans offered by Safaricom

  • Fuliza
  • M-Shwari
  • KCB M-Pesa

Mobile loans provided by Banks 

  • Timiza (ABSA)
  • MCo-Op Cash (Cooperative bank)
  • HF WHizz


Fuliza is the latest loan offered by Safaricom company. Fuliza is a short term loan and offers loan ranging from KSH. 1 to KSH. 70,000 depending on one’s limit. To access Fuliza services, dial *234# on your Safaricom line and select Fuliza, follow the steps on that option to opt in.

Fuliza daily fee

Fuliza Amount Daily Fee
KSH. 0 – KSH. 100 KSH. 2.4 (You pay this once)
KSH. 101 – KSH. 500 KSH. 6
KSH. 501 – Ksh 1,000 KSH. 12
Ksh 1,001 – Ksh 1,500 KSH. 24
Ksh 1,501 -Ksh 2,500 KSH. 30
KSH. 2,500 – KSH. 70,000 KSH. 36


M-Shwari is another product of Safaricom limited. M-Shwari is available for all Safaricom users who have active M-Pesa accounts. To register and qualify for loan.

How to grow one’s M-Shwari loan limit

To grow your M-Shwari loan limit, follow the following steps;

  1. Save frequently on M-Shwari
  2. Pay your M-Shwari loan in time
  3. Use M-Pesa services frequently
  4. Have positive rating in the CRB

M-Shwari interest rates

M-Shwari charges an interest rate of 9% for 30 days.

M-Shwari also charges an extra 7.5% facilitation fee if one fails to repay their loan within 30 days. This amount is charged on the outstanding loan balance.

KCB M-Pesa

KCB M-Pesa is a product of Kenya Commercial Bank in partnership with Kenya’s leading telecommunication company Safaricom.

KCB M-Pesa offers customers an opportunity to save on both long term and short term basis and access instant loans on their phones.

How to grow your KCB M-Pesa loan limit

Follow these simple steps to grow your KCB M-Pesa loan limit;

  1. Save frequently on KCB M-Pesa
  2. Pay your KCB M-Pesa loan in time
  3. Use M-Pesa services frequently
  4. Have positive rating in the CRB


Timiza is a product of ABSA bank.Timiza offers loans ranging between KSH. 150,000 to KSH. 1.5M.

Timiza charges an interest rate of 1.083% 0n its loans and a processing fee of 5%. Timiza also charge withdrawal fee depending on the amount one wants to withdraw.

Mco-op Cash

Mco-op cash a product of cooperative bank, is a mobile banking service which enables one to access all the banking services at the comfort of their mobile phone. Mco-op cash is open to all customers even those who are not cooperative bank members.

one can access Mco-op cash on their phones through the official Mco-op app or through their USSD code which is *667#.

HF Whizz

You can apply for a loan once you have successfully created an account with HF Whizz

Loans from HF Whizz are available for up to 50,000 Kenya Shillings and a 7.725% interest fee will be added to the borrowing amount. Loan repayment is due in 30 days.


Marion Mwangangi is a Journalism student at Multimedia University of Kenya. Apart from being a student, she is a professional graphic designer, an SEO expert and a video editor. Email:

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  1. we’re ends soma hii si ideal unatuambia . we need you to give us ways to make money not borrowing money you want us to have huge debtors. please update your websites to what is expected we to hear from you to give us some details of that pay us not giving us everytime borrowing ideals we say no , wherelse you update your web-to borrow money in kenya okay 😂😂😂😂😂😂

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