Instant Safaricom M-Pesa Loans in Kenya 2024

Simon Mwangi

In today’s article, we will continue with our series of discussing instant loans in Kenya. Our primary focus today is instant Safaricom M-Pesa loans in Kenya.

Safaricom is a leading telecommunications company in Kenya. Kenya has the most comprehensive and strongest coverage all over the country.

Safaricom has been in operation in Kenya for more than 20 years. As a result, it has developed various financial services for its customers.

Let’s now discuss the various instant Safaricom M-Pesa loans below in detail.

List of instant Safaricom M-Pesa Loans

1. M-Shwari

M-Shwari is more than an instant Safaricom M-Pesa loan. It is more of a fluid bank in your pocket. Through M-Shwari, you can save and earn interest, lock your savings, and access microloan.

For this article, we will focus more on the microloan service offered by M-Shwari.

The M-Shwari loan is the most easily accessible mobile loan in Kenya. All you will need to access this loan is to have been a Safaricom M-Pesa user for more than six months.

Moreover, one can borrow as little as KES 100 to KES 50,000. No matter what your emergency is, M-Shwari got you covered.

The interest rate is 7.5% for a repayment period of 30 days. You have to be an active M-Pesa and an M-Shwari user to increase your loan limit.

2. KCB M-Pesa

The KCB M-Pesa account is another way to access an instant Safaricom M-Pesa loan.

The Kenya Commercial Bank, in partnership with M-Pesa, offers soft loans to M-Pesa users. All you need to access this loan is to be an active M-Pesa user for the past six months.

More to this is that this instant loan facility does not have limited access to KCB account holders only. It is available to each one of us.

Like M-Shwari, one can access between KES 100 to 50,000 at an interest rate of 7.5% over one month.

Try out KCB M-Pesa today if you have been stuck and need financial help.

3. Bloom Finance

Bloom Finance is an instant loan to buy goods for merchants who receive payments through Lipa na M-Pesa facility.

To be eligible for this instant Safaricom M-Pesa loan, they have to be goods merchants.

To register for this business loan:

  • Dial *234*4#>
  • Select M-Pesa bloom
  • Add your store number
  • Accept the terms and conditions
  • Once this is done, you have now officially opted in bloom service

Your loan limit is determined by monitoring your Lipa na M-Pesa till activity. Moreover, one can check their loan limit by dialing *234*4#>.

There are two repayment periods provided for Bloom Loan. A 7-day repayment period attracts a 2% interest rate, and a 30-day loan is charged at a 7% interest rate.

Like any other loan facility, failure to repay on time will result in you being blacklisted at the CRB.

Feel free to contact Safaricom in case you need any further clarification through


  • Merchant:2222
  • Agent: 2134

Email: [email protected]

4. M-Pesa Fanikiwa

Recently, M-Pesa launched a new loan product service on a trial basis to its customers.  One can borrow between KES 100 and KES 10,000 at an interest rate of 5% over 30 days.

Therefore, this trial loan facility is slightly cheaper than M-Shwari and KCB M-Pesa.  The people eligible for this loan facility have been handpicked by Safaricom for this initial pilot phase.

Therefore, by default, if you have not been selected, you are not eligible for this loan. This pilot project is meant to run for three months, and after that, they will determine its fate.

In all other aspects apart from the interest rate, this loan works the same way as M-Shwari. Therefore if you already have an existing M-Pesa Fanikiwa loan, you are not eligible for another one.

5. Fuliza M-Pesa

Fuliza is another instant Safaricom M-pesa loan facility in Kenya. This is primarily an overdraft facility that allows you to complete your M-Pesa transactions even if you have insufficient funds.

However, to access this facility, one has to be registered. Dial *234# to opt into Fuliza M-Pesa.

One is not limited to the number of times they have to Fuliza as long as they operate within their limit.

The minimum amount one can access is KES 1, while the maximum is 70,000. Therefore, do not let a low M-Pesa balance limit you from making that transaction, just Fuliza!

Final Thoughts

Recently Safaricom shared some news. If the plan to separate the mobile money platform from the telecommunications sector is approved, Safaricom wants M-PESA to begin offering high-value financing like vehicle loans.

Safaricom will be controlled by the Communications Authority of Kenya (CA). At the same time, M-PESA will be regulated by the Central Bank of Kenya (CBK), allowing it to expand its banking services, according to the telecom.

The idea might allow Safaricom, which launched M-PESA in March 2007, to bring financial services competition even closer to banks who had previously opposed the Safaricom platform’s introduction.

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As a freelance writer with a background in banking and accounting, Simon has the financial know-how to produce quality content on various topics. His experience gives him a strong foundation in understanding complex financial concepts and communicating them in an easy-to-understand way.