Safaricom Mpesa business loans are designed to provide credit to Lipa na Mpesa merchants, helping them grow their businesses and manage cash flow. These loans are offered in partnership with Asante, a fintech company specializing in financial services for merchants.
Safaricom Mpesa Business Loan Limit
- Loan amounts range from Kshs 100 to Kshs 200,000.
- Loan limits are determined by the activity on your Lipa na Mpesa till. Higher activity increases your loan limit.
Eligibility Criteria
To qualify for an Mpesa business loan, you must meet the following criteria:
- Merchant Requirements:
- You must be a Lipa na Mpesa Buy Goods Merchant.
- Your till must have been active for at least 90 days (3 months).
- Funds collected through the till must be settled into your Mpesa account.
- Use the nominated number to access the service.
- Till Requirements:
- Only active tills are eligible.
- Each merchant can apply for one loan per till per store.
- Approval and Disbursement:
- Once approved, the loan is immediately disbursed to your Mpesa business till account.
Benefits of Mpesa Business Loans
- Business continuity: Ensures merchants keep their businesses operational.
- Quick access to credit: Affordable loans to complete transactions.
- Business growth: Supports the expansion of merchant networks.
- Seamless payments: Simplifies transactions between merchants.
How to Register for Mpesa Business Loans
- Dial
*234#
using your nominated number. - Select Mpesa Business Till.
- Enter your Store Number.
- Select Business Loans.
- Choose Access loans from our partners.
- Select the partner (e.g., Asante).
- Accept the Terms & Conditions to opt into Mpesa Business Loans.
- Enter your Operator PIN and ID.
How to Access Mpesa Business Loans
- Dial
*234#
. - Select Mpesa Business Till.
- Enter your Store Number.
- Select Business Loans.
- Choose Access loans from our partners.
- Select the partner.
- Click Request Loan.
- Enter the desired loan Amount.
- Choose a Loan Repayment Period.
- Enter your Operator ID and PIN.
These steps ensure merchants have quick and reliable access to financial support to grow their businesses through Safaricom’s Mpesa platform.
