Dive into our Finance section for savvy tips, insightful articles, and the latest trends in money management. Whether you’re budgeting, investing, or seeking financial freedom, we’ve got the tools and advice you need to thrive in Nairobi’s dynamic economy. Empower your financial journey with us!
Loan Apps Without CRB Check: All lenders must know their customers and part of the process is checking whether a customer is a promising loanee. That is where the CRB comes in. CRB stands for Credit Reference Bureau, an entity mandated to collect information about your credit history and provide this to lenders. Last year, … Read more
There are several loan apps in Kenya that offer short-term mobile loans instantly. However, not all are convenient as some charge high interest and request registration fees. Well, this article will help you save time by highlighting the best loan apps in Kenya that don’t request registration fees. 1. Zenka Zenka is one of the best … Read more
Mobile Loan Apps; Since most people are unable to keep up with the interest that comes with bank loans, they have opted for mobile loan apps. There are no tedious processes to using mobile loan apps as compared to banks in receiving credit after applying for it. This article will show you the best money-lending … Read more
Hustler Fund Savings: Hustler fund borrowers can only access their savings after one year, Cooperatives and MSME Cabinet Secretary Simon Chelugui has said. Chelugui, however, explained that only 30 percent of the total money saved will be accessible. The remainder which is 70 percent, he noted, is saved for the long term up to the … Read more
Mshwari Loan Limit Zero: The service is accessible to all Safaricom subscribers with active M-Pesa lines which they can use to borrow loans in addition to saving towards a particular goal via the ‘MShwari lock savings’ account. To activate the Mshwari service, By doing this, one is able to apply for MShwari loans that range … Read more
PaySii international money transfer service, allows you to send funds to Nigeria in a matter of minutes. For those unsure about how PaySii services work, and how to send money to Nigeria, continue reading for more information on PaySii international money transfer service. How to send money to Nigeria The process of sending money to Nigeria … Read more
There are several options available for sending money from Australia to Kenya, including bank transfers, online money transfer services, and in-person money transfer services. Some popular options for sending money from Australia to Kenya include TransferWise, WorldRemit, and Xoom. Before sending money, be sure to compare fees, exchange rates, and transfer times to choose the … Read more
The iPesa loan app is a mobile-based platform that allows individuals to access quick and convenient loans in Kenya. According to their website, the app aims to provide financial inclusion to underserved populations and help users manage their financial needs more effectively. One of the standout features of the iPesa loan app is the speed … Read more
LendPlus Loan App is the perfect solution for those who need access to relatively high loan amounts in a hurry. It’s a user-friendly mobile loan application that allows you to apply for money quickly and conveniently, compared to other mobile loan apps in Kenya. The app is available on Google PlayStore and can provide fast and immediate … Read more
Kenyans in need of credit will from tomorrow be allowed to apply for loans via the Hustler Fund by dialing *254# across all networks. The code will be operational from December 1 to all Safaricom, Telkom, or Airtel phone numbers. Interested applicants will then be asked to dial their ID number and select a pin … Read more
Still, there’s no way to directly connect PayPal to Cash App at the moment. There’s, therefore, no way to transfer money directly between the two. However, you can connect the PayPal Cash Card and Cash App Card or connect apps with a linked bank account. All these workarounds work to transfer between PayPal and CashApp. … Read more
Residential rental income tax is a tax payable by resident persons (individual or company) on rental income earned for the use or occupation of a residential property where the rent income is between Kshs 288,000 (Kshs 24,000 per month) and Kshs 15 million per annum. Landlords with rental income below Kshs 288,000 or above Kshs … Read more
CRB is an acronym for Credit Reference Bureau. An individual’s credit profile is maintained by a credit bureau so that financial institutions can check it during the loan application process. Depending on their credit history, a borrower may be approved for or denied a loan advance. We have three operating in Kenya currently. They include … Read more
Cheapest Loans in Kenya: With the introduction of the 20% excise duty on “fees or commissions” earned by financial institutions on a loan, lenders scrambled to review the cost of their loans to comply with the law. Overall, the cost of credit across banks, microfinance institutions, and digital lenders has increased courtesy of the new … Read more
Kenyan Banks will charge customers a transactional fee (plus excise duty of 20%) when moving funds from their bank to M-Pesa and Airtel Money mobile money wallets. Mobile Money wallets will also charge fees when moving cash from the wallets to bank accounts. That means the zero-rated transfer of cash we’ve enjoyed is going away. 2023 is … Read more
Family Bank to M-PESA: The Central Bank of Kenya just announced that they’re going to start charging fees for bank-to-mobile money transfers starting January 1, 2023. This is because the financial industry in Kenya asked for the fees to be reinstated – they were dropped during the pandemic. Up until now, Kenyans have been able … Read more