If you run a business in Kenya, you know cash flow can be unpredictable, especially in this tough economy. One day your till is overflowing, the next you’re wondering where customers went and how to buy more stock/pay a supplier.
Safaricom seems to have noticed too, because they’ve just rolled out three new M-PESA loans for business that give you instant access to loans of up to 400,000 Kenyan shillings instantly to your M-Pesa line.
The new loan products by Safaricom are:
The three new loan products from Safaricom are designed for active M-PESA merchants, and the approval is based entirely on your transaction history. If you’ve been using Lipa na M-PESA or Pochi la Biashara consistently, there are high chances that you could qualify for these loans in minutes.
These new loans aren’t your regular M-Shwari or Fuliza overdrafts that we are used to. They’re tailored for business use. That means:
Since most of the business owners in Kenya rely on M-PESA every day, these loans are suitable as they can help you cover short-term gaps or grab quick opportunities without shutting down operations.
Think of Fuliza Biashara as a backup plan for your business till. If you need to pay a supplier, withdraw cash, or send money from your till but your balance is too low, Fuliza Biashara automatically tops you up so the transaction goes through.
Example: A restaurant owner wants to pay a vegetable supplier at 10 pm but the till is empty or doesn’t have enough money. Fuliza Biashara covers the payment instantly, and the amount is automatically deducted when your customers pay the next day.
If you run your business through Pochi la Biashara, Taasi Pochi Loan is your fast cash option for you. It’s perfect for topping up stock or covering quick expenses in your daily business operations.
Example: A cosmetics shop owner spots a weekend deal on gel products that are on offer. They take a 7-day Taasi Pochi Loan, buy stock, sell fast, repay, and keep the profit.
If you use Lipa na M-PESA tills and need a fixed-term loan (not an overdraft), the Taasi Till Loan could work better.
Example: A salon takes a Taasi Till Loan to buy hair products in bulk at a discount. They save on costs and repay the loan within the month from client payments.
|
Loan
Product |
Loan
Limit |
Eligibility |
Interest/Fees |
Key
Notes |
|
Fuliza
Biashara |
KSh 1,000 – 400,000 |
- Active Lipa na M-PESA till for 6+
months- Consistent merchant transactions- Good repayment history |
- 2% access fee on the amount
borrowed- Daily tiered fee (varies by amount) |
Works like an overdraft for your business
till, funds can be used instantly for payments or withdrawals |
|
Taasi
Pochi Loan |
KSh 1,000 – 150,000 |
- Active Pochi la Biashara wallet
for 6+ months- Steady inflows to the wallet |
- 7 days: 3.85%- 14 days: 4.71%- 21
days: 5.55%- 30 days: 6.41% |
Tailored for small traders using Pochi la
Biashara, quick approval via phone, repayment auto-deducted from wallet |
|
Taasi
Till Loan |
KSh 1,500 – 250,000 |
- Active Lipa na M-PESA till for 6+
months- Strong sales volume and repayment history |
- Same rates as Taasi Pochi Loan |
Designed for larger-scale merchants using
tills, higher limits than Pochi loans |
These new M-PESA business loans could be a lifesaver when cash flow is tight or opportunities knock unexpectedly. Just remember these, we always advise the Fineducke Community to consider loan products as tools and not free money. Borrow what you can repay, and repay fast to keep your fees low and your future limits high.
I’m Clinton Wamalwa Wanjala, a financial writer and certified financial consultant passionate about empowering the youth with practical financial knowledge. As the founder of Fineducke.com, I provide accessible guidance on personal finance, entrepreneurship, and investment opportunities.
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