Safaricom Partner with Pezesha to Launch New Loan Product loans for small businesses in Kenya
Safaricom, Kenya’s top mobile network, has partnered with Pezesha, a digital lender, to introduce Mkopo wa Pochi, a new loan product designed to provide credit to small business owners through their M-PESA business accounts. This initiative aims to support informal business operators such as food vendors, kiosk owners, boda boda operators, and second-hand clothes dealers.
Mkopo wa Pochi, available to Pochi La Biashara customers, enables these entrepreneurs to borrow money directly via M-PESA, helping them separate business funds from personal funds. This feature enhances financial management for small business owners, promoting better business practices and growth.
Customers can access the service through the M-PESA app by selecting Pochi La Biashara and choosing the payment option. They then enter the relevant business or till number, account number, amount, and their M-PESA PIN. Alternatively, users can dial *334#, select Pochi La Biashara, and follow the prompts to complete their transactions.
This partnership between Safaricom and Pezesha marks a significant step towards empowering small businesses in Kenya by providing them with the financial tools they need to thrive.
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