• Home
  • Business
  • Safaricom Partner with Pezesha to Launch New Loan Product loans for small businesses in Kenya
Image

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.

Related Posts

Ghana: GCB Bank collaborates with SEHP to support BECE student

GCB Bank, the leading financial institution in Ghana, has once again demonstrated its commitment to community development and…

Nigeria: Afreximbank to train businesses for AfCFTA

The African Export-Import Bank has announced its plan to launch a capacity development program to empower African businesses…

Kenya: Tanzanian firm to acquire Bamburi Cement for Sh23 billion

Tanzania’s Amsons Group, a manufacturing and energy company, seeks to acquire a full 100% stake in Kenya’s Bamburi…

Nigeria: UBA’s GMD named Chairman of CIBN Body of Banks’ CEOs

Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba, has been named the Chairman…

Leave a Reply

Your email address will not be published. Required fields are marked *