List of Money Lending Apps in Kenya [Working in 2020]

If you are asking, where can I get a mobile loan in Kenya? Well, here is a list of money lending apps in Kenya in 2020.

We are living in exciting times where you can get everything from the palms of your hands, including obtaining credit.

This article will review all the money lending apps in Kenya available today. If an app is missing, kindly suggest in the comments below or send me details and I will review it.

Technology has made it possible to do things that seemed unthinkable about five years ago. We all know how bureaucratic getting a loan from a bank was back then. But now with the innovation of loan apps in Kenya, your loan is just a phone away.

Which are the best loan Apps in Kenya?

  1. Branch
  2. Tala
  3. Timiza by Barclays
  4. HF Whizz
  5. Haraka
  6. Utunzi
  7. Saida
  8. Jazika
  9. Zenka
  10. Okash

Best Money Lending Apps in Kenya

Let’s dive into the details of each money lending app

1. Branch Loan App

The first loan app in Kenya to review is Branch. A popular app that was introduced to Kenyans in 2015 by Branch International. Branch is not only available in Kenya but can be found in Tanzania and Nigeria.

The mobile loan app gives its users loans up to KES 50,000.

To get started on Branch App, you download the App from Google Play store, use Facebook to signup and login and automatically you will know if you qualify for a loan or not. If you are approved for a loan, you will receive it through M-Pesa.

For more information about Branch, check out this article on Branch loan App.

2. Tala

Tala was initially known as Mkopo Rahisi and rebranded to Tala. They offer loans up to 30,000, and the loan is disbursed through M-Pesa. They pride themselves in giving loans in less than 5 minutes, and you will build your credit up to the maximum amount by repaying your loans in time.

Tala App has more than 1 Million downloads on Google store and considered as one of the most popular money lending apps in Kenya.

To get a loan from Tala, all you have to do is download the app on your Smartphone and create an account. If you are not listed on CRB, you will get your first loan which you can choose the payment terms.

Check out the Ultimate Guide to using Tala loan App

3. Timiza Loan App

Timiza is an App by Barclays bank, one of the local banks in Kenya. As mentioned earlier, the loan app craze in Kenya has forced mainstream financial players to innovate.

The best thing about Timiza, unlike other Apps from banks, is that the app is not limited to the bank’s customers alone but instead available to all Kenyans.

You download the app, register and check if you qualify for a loan.

The Timiza App is not only a money lending app but one of a kind app where you can do more. You can top up any amount and use the money to hail a Taxi, for example.

4. Stawika Loan App

Stawika is a rising money lending app in Kenya by Stawika Capital. Once installed on your Smartphone, the app will evaluate your data on the phone, such as M-Pesa usage and other factors to qualify you for a loan.

I have not personally used the app but will give it a try and update this post or create a new article specifically for Stawika Capital.

The registration process is simple; you download Stawika loan App from Google. Use your phone number to register and provide a unique four-digit pin.

5. Haraka

Haraka means fast in Swahili. So anyone within Kenya will know that the app offers quick/fast loans. Haraka Loan is a product of Getbucks,  a South African registered lender.

Haraka Loan App is available in other 4 African countries as well, i.e. Swaziland, Uganda, Tanzania, and Zimbabwe.

Their loan range is between 500 and 5000, and the loans attract an interest rate of 23.45%.

6. Utunzi Loan App

I had to skip this one after reading the negative reviews on the Google Play store.

7. Saida

Saida is another Loan App that is helping Kenyans secure an instant mobile loan direct to their phones. You can download Saida to your mobile app, and they offer loans of up to 25,000.

Their interest rates can go as low as 7.5%, and you have up to 3 months to repay your loan.

I have not used the app but will create a post on Saida in few coming weeks.


You can now learn more on Saida loan app by following the link.

8. Jazika Loans

This is another mobile loan App from Jazika Ventures. With Jazika, you can qualify to a maximum of 100,000 Kenyan shillings, and the application process is simple.

The money goes directly to your M-Pesa and repaying the loan is also through M-Pesa.

Read more on Jazika loan App

9. KCB M-Pesa

I believe, Safaricom set the ball rolling for mobile loan Apps, and KCB in partnership with M-Pesa came up with a solution. The KCB M-Pesa solution is tied to your Safaricom sim card and through the Safaricom App.

In my opinion, they have the cheapest interest rates in the market.

10. Mshwari

I could not finish this list without mentioning a Safaricom product. All the other Apps work best with M-pesa. So just like KCB M-Pesa Safaricom in partnership with CBA Bank have a solution for mobile loans dubbed Mshwari.

It operates on the principle of saving for accessing a loan. Your loan limit can be increased depending on how you keep on Mshwari and also how you repay your past loans.

11. HF Whizz App

HF Whizz is more than a loan app, and it offers so much more where you can do most of your digital transactions on the app. These include: Paying for goods directly from your HF account, money transfer, Saving on the App, Buying airtime and most importantly applying for a loan on the app. You can learn more about HF Whizz here.

12. Okash Loan App

The app is developed by the Opera software to tap into the growing money lending business.

The application started with a target of providing loans to at least 100,000 Kenyans for a start. Currently, Okash is one of the most popular mobile loan app being used in Kenya.

13. Zenka loan app

Zenka is one of the best loan apps, and the best thing is that you get your first loan free. When you apply for 2000, you pay back 2000.

Zenka loans start at Ksh 500 and can go up to 20,000. After the first free loan, Zenka will charge an 11% interest fee if you repay your loan on time.

History of money lending apps in Kenya

Loan Apps in Kenya became popular in the last three years with the launch of Branch loan App. Ever since we have so many players are coming into the industry. Others have died off while others have grown so big and their clients have increased in numbers.

Kenya is known for mobile money is the hotbed for money lending Apps, with M-Pesa being the ideal option to receive loans from these Loan Apps in Kenya.

Now banks who have been traditional loan lenders joining in by releasing their versions of mobile loan Apps.

Money Guy
This guy understands PESA like no other. He is kind with words and always willing to help even when he is far away behind a computer. You can reach him through the comments section.

What do you think?

  1. I’m surprised Zenka Loan App is not on the list, given user friendliness, quick loans without any collateral zero interest, zero commission and and the fact that it runs on both Android and IOS devices. Shocking!


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