Personal Loan Product (PLP)

This loan product seeks to cushion the majority of the informal sector against economic shocks. Qualified borrowers are eligible for only one loan at a time hence multiple loan borrowing on varied networks is therefore prohibited.

Features – Easily accessible through USSD *254# on any of the following mobile operators, Safaricom, Orange Telkom or Airtel Kenya.

  •  Amounts:  Between  Kes 500 to Kes 50,000
  • The interest rates is 8% and 1.5% default rate for late payment 
  • The tenor of the loan is 14 days and can be extended to 30 days
  • 5% is deducted for savings every time someone borrows

To qualify for this product, a Kenyan must meet the following criteria;

  • Must be a Kenyan citizen of 18 years of age and above
  •     Must have a valid national Identification Card (ID)
  •   Must have a registered mobile number from a recognized Mobile Network Operator in Kenya
  • Reside and conduct economic activity in Kenya.
  • Must Provide Sub County of residence during the onboarding process.