Stockholm
12 Jul, Friday
18°C
How To Access Safaricom Mpesa Business Loans

How To Access Safaricom Mpesa Business Loans

This is article is about how to access Safaricom Mpesa Business Loans. Mpesa Business Loan is a loan product offered by Safaricom in partnership with Asante, a fintech company providing financial services to merchants in Lipa na Mpesa.

Safaricom Mpesa business loan limit


The loan amount ranges from Kshs 100-200,000.


The loan limit is based on your cash register activity in Lipa na Mpesa. 

The more you use the box when receiving Mpesa payments from customers, the more chances you have of increasing your loan limit.


Qualification

  • All Lipa na Mpesa Buy Goods merchants who deposit funds raised in their Mpesa Boxes to their Mpesa Account and have the Merchant Box feature activated.
  • Till must have been active in Lipa na Mpesa for a minimum of 3 months (90 days).
  • Merchants will use their designated numbers to access the service. 
  • A merchant can only apply for one loan or case per store at a time.
    Only active registers are eligible. 

Once approved, the loan will be immediately disbursed to your mpesa cash account.


Advantages of the Mpesa business loan

The commercial loan has the following benefits;

  • Quick and easy access to convenient credit to complete transactions.
  • Growth of commercial networks. 
  • Seamless payments between merchants.
  • Keep businesses open and afloat. 


How to register for Mpesa business loans


Merchants will use their designated numbers to access the service. 

1. Dial *234# from the designated number.

2. Select Mpesa Retail Box.

3. Enter your store number.

4. Select Business Loans. 

5. Select Access loans from our partners. 

6. Select the partner. 

7. Accept the terms and conditions to opt for Mpesa business loans. 8. Enter your PIN and operator ID. 

How to access Mpesa commercial loans


1. Dial *234#. 

2. Select Mpesa Till.

3. Enter your store number.

4. Select Business Loans. 

5. Select Access loans from our partners. 

6. Select the partner. 

7. Select Request Loan. 

8. Enter the amount.

9. Select a loan repayment period.

10. Enter your Operator ID and PIN.

error: