Top Emergency Loans in Kenya Via Mpesa 2022

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Are you looking for emergency loans in Kenya via Mpesa in 2023? Do you need quick cash to pay for an urgent bill, medical expense, or any other unforeseen situation? If yes, then you are not alone. Many Kenyans face financial emergencies every day and need a reliable source of funds to solve them.

Fortunately, there are many options available for emergency loans in Kenya via Mpesa in 2023. You can access these loans from your mobile phone, without the need for collateral, guarantors, or lengthy application processes. All you need is a registered Mpesa account, a valid ID, and a good credit history.

In this article, we will review some of the best emergency loans in Kenya via Mpesa in 2023. We will also give you some tips on how to choose the right loan for your needs, how to repay it on time, and how to avoid getting into debt traps.

What are Emergency Loans in Kenya via Mpesa?

Emergency loans in Kenya via Mpesa are short-term loans that you can borrow from various mobile lenders using your Mpesa account. These loans are designed to help you deal with unexpected financial needs that require immediate attention.

Emergency loans in Kenya via Mpesa are usually disbursed within minutes or hours of applying. You can borrow as little as Ksh 50 or as much as Ksh 1 million, depending on the lender and your eligibility. The repayment period ranges from a few days to a few months, depending on the loan amount and terms.

Emergency loans in Kenya via Mpesa are convenient and accessible, but they also come with high-interest rates and fees. Some lenders charge up to 36% annual percentage rate (APR) or more, which means that you will pay back much more than what you borrowed.

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It is therefore important that you use these loans for genuine emergencies and not for frivolous spending.

How to Apply for Emergency Loans in Kenya via Mpesa in 2023

To apply for emergency loans in Kenya via Mpesa in 2023, you will need to follow these steps:

  1. Download and install the mobile app of the lender of your choice from Google Play Store or App Store. Alternatively, you can use USSD codes or SMS services provided by some lenders.
  2. Register and create an account using your phone number, ID number, and other personal details.
  3. Link your Mpesa account to the app and authorize the lender to access your transaction history and credit score.
  4. Request for a loan by entering the amount you need and the repayment period.
  5. Wait for approval, which may take a few minutes or hours depending on the lender and your creditworthiness.
  6. Receive the loan amount directly to your Mpesa account.
  7. Repay the loan on or before the due date using your Mpesa account.

Top 10 Emergency Loans in Kenya Disbursed Via Mpesa.

Best Emergency Loans in Kenya via Mpesa in 2023

There are many mobile lenders that offer emergency loans in Kenya via Mpesa in 2023. However, not all of them are reliable, trustworthy, or affordable. Therefore, you need to do some research and compare different lenders before choosing one.

Here are some of the best emergency loans in Kenya via Mpesa in 2023 that you can consider:

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1). KCB Mpesa Loan, emergency loan in Kenya via Mpesa.

KCB Mpesa is one of the most popular emergency loan products in Kenya. The emergency loan is unsecured and can go as high as Kshs 1,000,000 with a repayment period of up to 1 month.

First-time borrowers can get Ksh. 1,000 loans and multiple other loans within their limits.

And, have I already mentioned that the loan interest rate is 8.64%?

How to Apply for a KCB Mpesa Loan.

  1. Go to the M-PESA menu
  2. Select loans & savings
  3. Select KCB M-PESA
  4. Tap on loans
  5. Tap on request loan
  6. Enter amount
  7. Enter M-PESA PIN & submit.

2). Quick Loans, emergency loans in Kenya via Mpesa.

Quick loan in Kenya also known as { Quickloans.co.ke } is a website less known but which offers emergency loans in Kenya of up to Kshs. 85,000 to employed people.

Unlike the unsecured loans offered by KCB Mpesa, loans by Quick Loans Kenya require that you show proof of employment, declare all the other loans you have, and confirm how long you have been employed among other HR-related stuff.

If you are interested in these emergency loans, head over to the Quick loans Kenya website and click the apply button to get started.

3). Jitegemea, emergency loans in Kenya via Mpesa.

Jitegemea loans are loans used to sort unforeseen emergencies like hospital bills, urgent stock, port charges, and any other charge demanding quick action.

Like all the other loans on this list, Jetegemea disburses all emergency loans via Mpesa. However, you will first need to save in the scheme to get an entitlement to a loan. Often 3 times your savings.

Other popular loans packages you can get on Jitegemea include: –

  • Church loans
  • Consumer loans
  • Biashara loans
  • Asset loans
  • Hitimu loans
  • Mazao loans

Among others. Each of which has been designed to solve a particular need.

To get started with Jitegemea loans, head over to the Jitegemea website and click on the “apply for a loan button” to get started.

4). Greenland Fedha, emergency loans in Kenya via Mpesa.

Now, this is not your normal emergency loan microfinance. And it is not for everyone except small-scale tea farmers who need affordable financial services.

However, you can still get an emergency loan regardless of if you are a farmer by downloading the PESA ULIPO app which is also a product of GFedha for everyone else.

To apply for the loan and receive it via Mpesa, go to the Playstore and download the app to begin the application process.

Or, simply go to the Gfedha website and apply for all the other loans provided including: –

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  • Development Loan
  • Emergency Loans
  • Working Capital Loans
  • Salaried Loans
  • Education Loans
  • Solar Energy Loans
  • Mobile Banking Services
  • Agency Banking Services

5). Muson emergency loans in Kenya via Mpesa.

Need a quick loan?

Musoni Microfinance is one of the emergency loan products you can pursue to get money in less than 72 hours.

If you are new to this product, Musoni Kenya is an emergency loan service that offers emergency loans of up to Kshs 30,000 with a repayment period of up to 12 months.

The emergency loans are unsecured and disbursed via Mpesa.

Interestingly, Musoni does not charge upfront fees for loans and you can apply for any emergency loans in their portfolio, including but not limited to agriculture loans, business loans, education loans, and more with a click of a button.

6). Senti Loans, emergency loans in Kenya via Mpesa.

These are emergency loans for people who need quick loans of up to Ksh. 40,000 disbursed via Mpesa.

To get started, go to Playstore and download the Senti loan app.

Next, apply for a loan.

Wait to be verified. Takes a few seconds.

After verification, your emergency loan will be approved and sent to Mpesa.

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It’s that simple.

7). Jijenge Credit Limited, Emergency Loans in Kenya Via Mpesa.

Jijenge Credit is a non-deposit-taking Micro Finance Lending Institution with over 10,000 clients in Kenya, Sudan, and Tanzania, and its head office is at Town House, Nairobi, Kenya.

To get started with Jijenge emergency loans, simply head over to their website and apply for a loan from the list provided.

8). Real People Emergency Loans.

Real People is a non-deposit-taking financial solutions provider for businesses. It targets the mass market with a particular interest in the Small and Medium Enterprises sector in Kenya.

If you are looking for emergency loans with flexible repayment plans of up to 12 months, Real People emergency loans are worth checking out.

To get started, go to the Playstore and download the app.

9). Eclof Kenya, Emergency Loans in Kenya via Mpesa.

ECLOF Kenya is another Microfinance Institution providing Financial and related Non-financial services to the economically active vulnerable communities in all sectors of the economy.

The platform is just as popular with emergency loans as KCB-Mpesa is but it provides more loan offerings.

If you are interested in checking out Eclof, go to their website and make your application.

10). Mwananchi Credit Emergency Loans Kenya

Of course, we can not complete this list of emergency loans in Kenya via Mpesa without mentioning Mwananchi Credit.

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Mwananchi is one of the most popular emergency loan products in Kenya with a solid reputation for providing emergency loans to Kenyans when they need it the most.

Go to the Mwananchi credit website to find out more about their offers.

Tips on How to Choose the Right Emergency Loan in Kenya via Mpesa in 2023

Before you apply for any emergency loan in Kenya via Mpesa in 2023, you should consider the following factors:

  • The amount you need: You should only borrow what you need and what you can afford to repay.

Borrowing more than you need will increase your interest and fees, and may lead to over-indebtedness.

  • The repayment period: You should choose a repayment period that suits your cash flow and budget.

A shorter repayment period will reduce your interest and fees, but it will also increase your monthly installments.

A longer repayment period will lower your monthly installments, but it will also increase your interest and fees.

  • The interest rate and fees: You should compare different lenders and choose the one that offers the lowest interest rate and fees.

You should also check for any hidden charges or penalties that may apply in case of late payment or default.

  • The eligibility criteria: You should check the minimum requirements that each lender has for their borrowers.

Some lenders may require you to have a certain income level, credit score, or transaction history. Some lenders may also reject you if you have existing loans or bad credit records with other lenders.

  • Customer service: You should choose a lender that has a responsive and helpful customer service team. You should be able to contact them easily through phone, email, or social media.

You should also check their reviews and ratings from other customers to see how they handle complaints and queries.

Tips on How to Repay Your Emergency Loan in Kenya via Mpesa on Time

Repaying your emergency loan in Kenya via Mpesa on time is very important for your financial health and credit score.

If you fail to repay your loan on time, you may face the following consequences:

  • You will incur extra charges and penalties that will increase your debt burden.
  • Damaged credit score: you will damage your credit score and reputation with the lender and other financial institutions.
  • You will reduce your chances of getting another loan in the future or getting better terms and rates.
  • You will risk being listed by the Credit Reference Bureau (CRB) as a defaulter, which may affect your access to other financial services.

To avoid these consequences, you should follow these tips on how to repay your emergency loan in Kenya via Mpesa on time:

  • Plan ahead: You should have a clear plan on how you will use the loan amount and how you will repay it.

You should create a budget that includes your income and expenses, and allocate some money for your loan repayment every month.

  • Pay early: You should pay your loan as soon as possible, preferably before the due date.

This will help you avoid late payment fees and penalties, and also save you some interest charges.

  • Pay more: You should pay more than the minimum amount required every month if you can afford it.

This will help you reduce your principal balance faster and lower your interest charges.

  • Pay regularly: You should pay your loan consistently every month without skipping or delaying any payments. This will help you maintain a good repayment history and improve your credit score.
  • Pay electronically: You should pay your loan using your Mpesa account or any other electronic method that the lender accepts. This will help you avoid cash handling fees and ensure faster and safer transactions.

Conclusion.

There are a number of emergency loan products in Kenya that you can pursue to get money in less than 72 hours.

Each emergency loan has its own terms and conditions, so be sure to read the fine print before signing up for any product.

And remember, always repay your emergency loan on time to avoid damaging your credit score and to increase your chances for more borrowing.

These are emergency loans specifically designed for civil servants in Kenya. Some of these emergency loans are provided by these financial institutions.

  1. Platinum Credit - offers emergency loans to both salaried and self-employed individuals.
  2. Mwananchi Credit - Mwananchi credit emergency loans are available to all employees in the public sector including teachers, police officers, and other government workers.
  3. Musoni Microfinance - offers emergency loans to both salaried and self-employed individuals.
  4. KCB - KCB emergency loans are available to all employees in the public sector including teachers, police officers, and other government workers.
  5. Equity - Equity emergency loans are available to all employees in the public sector including teachers, police officers, and other government workers.
  6. Real People - Offers emergency loans to both salaried and self-employed individuals.

Also, check out unsecured personal finance loans offered by Kenyan banks including NCBA.

There are a few emergency loan products in Kenya that are specifically designed for people who are unemployed.

Some of these emergency loans can be disbursed within 24 hours and do not require any collateral. However, you have to be in business even if it's just a simple startup.

Some of the best emergency loans for people who are unemployed include: -

  1. M-Shwari Emergency Loan - Mshwari is specifically designed for everyone including those who are in self-employment. As long as you have a Safaricom line, you are good to go. It is disbursed via M-Pesa and requires no collateral.
  2. Kopa Chapaa - This is an emergency loan that is specifically designed for anyone with a smartphone. It can be disbursed within 24 hours and does not require any collateral.
  3. Fuliza - Have you been using Safaricom from time to time? If yes, then you can get emergency loans from Fuliza. It is a service that allows M-Pesa users to access emergency funds and pay later.
  4. Okolea - This is an emergency loan product that is specifically designed for small loans. Like the rest of the loans on this list, they can be disbursed within 24 hours and do not require any collateral.
  5. Kopa Jirani - This emergency loan is specifically designed for all Kenyans above 18 years. As long as you have the means to pay, you are good for it.

Check many other loan apps on playstore.

There are several lenders in Kenya that would be willing to give you an emergency loan even if you don't have a credit score.

These "no credit emergency loans" are usually given in small amounts (usually less than KES 50,000) and have relatively high-interest rates.

Some of the best places to get emergency loans with no credit include: -

  1. Shylocks - Get any loan amount without CRB checks.
  2. Mwananchi Credit - Get loans even if you are in CRB.
  3. Zenka - download to get loans without CRB checks
  4. Okolea - download to get small loans without CRB checks.
  5. MKash Bee - get small loans without CRB checks.
  6. PesaFlash - download to get small loans without CRB checks.
  7. iPesa - download to get small loans without CRB checks.
  8. Kopa Jirani - download to get emergency loans without CRB checks.
  9. FlashPesa - download to get easy loans without CRB checks.
  10. Fuliza Branch - Get quick loans without CRB checks.

 

Getting an emergency loan in Kenya is not as hard as it used to be about a decade ago. With the rise of mobile money and mobile lending platforms, you can get an emergency loan in Kenya within minutes, sometimes even hours.

To get started, simply download any of the emergency loan apps mentioned below and sign up for an account. Once you have been approved, you can request an emergency loan and have it disbursed to your Mpesa account within minutes.

  1. Musoni Microfinance
  2. Mwananchi credit.
  3. Jijenge Credit.
  4. Platinum Credit
  5. Quick loans in Kenya.
  6. Timiza loan.
  7. KCB - KCB Mpesa Loan
  8. Absa - Timiza loan.
  9. Equity - Eazzy loan
  10. Jamii Bora Bank Ltd.

 

This question is relative. To get a perfect fit, you will need to first assess your emergency and then identify the best emergency loan product that suits your needs.

For example, if you need emergency medical attention, then products like Fuliza by Mpesa would be a good option because it allows you to access emergency funds quickly and pay later.

On the other hand, if you need emergency business capital, then an SME business loan from National bank of Kenya would suffice.

Regardless, these are some of the best apps and banks to get an emergency loan in Kenya.

  1. KCB-Mpesa Emergency Loan
  2. Fuliza by M-Pesa
  3. Tala Loan App.
  4. Branch Loan App
  5. Musoni Microfinance
  6. Mwananchi credit.
  7. Jijenge Credit.
  8. Platinum Credit
  9. Quick loans in Kenya.
  10. Timiza loan.

Banks are subject to tight monetary policies by the Central Bank of Kenya but that's not to say that there are no banks in Kenya that will offer you loans easily without asking for too much.

These are some of the banks in Kenya that have loan products that cater to emergencies. Plus, some of these products are designed to give you loans even if you don't have an account with the bank.

Some of the banks that give loans easily in Kenya include.

  1. NCBA bank - Personal unsecured loans.
  2. KCB - KCB Mpesa Loan
  3. Absa - Timiza loan.
  4. Equity - Eazzy loan
  5. National bank - personal unsecured loans.
  6. Kenya Women Microfinance Bank
  7. Faulu Bank
  8. Standard Chartered Bank (K) Ltd.
  9. UBA Kenya Bank Ltd.
  10. Jamii Bora Bank Ltd.

 

There are more than 30 loan apps that offer emergency loans in Kenya with Mpesa as the primary mode of loan disbursement.

If you have a good credit score, go ahead and download these apps to get your loan in minutes: -

  1. Branch
  2. Tala
  3. OKash
  4. KCB Mpesa
  5. Fuliza Mpesa
  6. Timiza by Airtel
  7. Sasa Loan by Equitel
  8. Mshwari
  9. Zenka
  10. Berry
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