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!
To withdraw money from your National Bank account to Mpesa, dial *625# and follow the prompts. Alternatively, you can transfer money to your Mpesa account using the NatMobile App. To transfer money from your NatMobile account to M-Pesa, you can use the following steps: You will receive a confirmation message from M-Pesa once the transfer is … Read more
Education can be quite expensive but with our student loans, there is now a smarter way to finance your studies. Helb empowers you with an affordable TVET Helb Loan to make it easier for you to pursue your studies. We are on your side! How to Apply as a First-Time Applicant Retain a complete copy … Read more
Increasing your MShwari loan limits requires demonstrating responsible borrowing behavior and financial stability. The MShwari loan is offered at a 9% facilitation fee (7.5% Loan Fees and 1.5% Excise Duty). and is due in one month. Once you repay before the due time you enjoy a refund of 20% on the facility fee charged. This … Read more
Getting a loan to start a business can be a daunting task, but it’s possible. There are a variety of types of financing available to startups, and the right one for you will depend on your specific needs and qualifications. Most Common Types of Loans for Startups: 1. Small Business Administration (SBA) loans: The SBA … Read more
The CBK introduced a new platform, DhowCSD, that allows individuals to invest in Treasury Bills and Bonds via a mobile app. This portal aims to provide a simple, efficient, and secure way to invest in the Government of Kenya’s securities. It has revolutionized how Kenyans trade in Treasury bills and bonds by eliminating manual payments … Read more
The CBK DhowCSD is a digital platform allowing users to access, buy, and sell treasury bills and bonds online, without intermediaries or physical documents. The CBK DhowCSD aims to enhance financial inclusion, deepen the capital market, and diversify the investor base for government securities. It will also reduce the transaction costs and risks associated with paper-based processes. … Read more
M-PESA users shopping on Aliexpress.com will be presented with M-PESA as one of the payment options when checking out their shopping cart on the website. Once customers select M-PESA, they will then key in their mobile phone numbers and will subsequently receive a prompt on their phones to type their M-PESA PIN to complete the … Read more
The Hustler fund group loan targets groups registered by the Micro and Small Enterprises Authority (MSEA) such as chamas, associations, and Saccos, and aim to bridge the gap between these entrepreneurs and access to capital and help fuel economic growth through collective-driven competitive market enterprise. Hustler Fund Group Loan Interest The Hustler Fund Group loan … Read more
Hustler fund defaulters will be unable to make a second transaction until they clear all their pending payments on the platform. This is according to President Ruto who spoke this while addressing Kwale County residents. “Hustler fund defaulters on individual loans when they apply for the group funding, which is the second product of the … Read more
Hey there! So, filing for bankruptcy is kind of like hitting the financial reset button. It’s a legal process where you tell the world, “Hey, I can’t pay off my debts right now.” Here’s the lowdown on what happens: MUST READ: What is a Receivership? – Types, Liquidation & Receivership Duration Remember, bankruptcy isn’t a … Read more
HELB was established with the aim of not just recovering all matured loans, but to raise sufficient funds to meet the rising loan demand and attain faster turnaround in Helb loan repayment. Helb Loan Repayment consists of three tiers: MUST READ: Helb Debt Management Department is committed to recovering all matured loans with utmost diligence … Read more
HELB Jielimishe Loan takes the stress of fee payment off your mind to let you focus on your studies. Education is one of the most important investments you can make in yourself. HELB offers Jielimishe Loan to employed students pursuing Professional Courses, Higher National Diplomas, Bachelor, Postgraduate-Diploma, Master’s, or Ph.D. degrees in Kenya. The loans … Read more
HELB Loan is for students pursuing their studies in Public or Chartered Private Universities within the East African Community, placed either through the Kenya Universities and Colleges Central Placement Service (KUCCPS), Self-sponsored, Parallel, and Module II Students studying for a Bachelor’s Degree only. Pre-University, Certificate, Diploma, or Postgraduate students are not eligible to apply for … Read more
The government of Kenya recently launched the New Higher Education Funding(NHEF) model for Government Loans and scholarships for students placed by Kenya Universities and Colleges Central Placement Service (KUCCPS). The new model takes effect with the new cohort of the 2022 Kenya Certificate of Secondary Education (KCSE) candidates into universities and colleges for the 2023-24 … Read more
Safaricom offered two primary “Lipa Na M-Pesa” options for its customers in Kenya. Lipa Na M-PESA, offered by Safaricom, has become a trustworthy choice for settling bills, purchasing products and services, and even banking. This is thanks to the feature that permits the direct transfer of money to your bank account from M-PESA. The two … Read more
Safaricom Mpesa business loans are a new service that has been recently launched by Peter Ndegwa, the new CEO of Safaricom, Kenya’s leading mobile-network service provider. The service aims to make it easier for small business owners and entrepreneurs to access financial services to help them to grow their businesses. In order to get a … Read more