List Of 13+ Latest Mobile Loans Accessible Via USSD/SMS In Kenya

Finding a financial solution is always hard. That’s why you might be thinking about taking out a loan. With the right loan, you can get set for life. However, you need to know what type of loan you’re getting into first.
If you are in the same situation as many other people and looking for ways to take out a loan, but without the stress of finding an institution that will give you one on paper, this article is for you specifically.
After reading through this article, you will learn about some of the mobile loans that are currently accessible via USSD or SMS in Kenya so that when the time comes for you to borrow money from friends and family or from a financial institution, you don’t have to worry about how much money it is going to cost or if anyone will actually lend it to you at all!

What is a USSD/SMS-based Loan?

A USSD/SMS-based loan is a kind of loan that you can borrow with no paperwork, no collateral, and without any form of validation. This type of loan is not offered by financial institutions or banks. You can either get the money through a mobile phone number or by browsing for an agent near you who offers such loans.
You might be thinking “What’s the catch?” With no paperwork and documents required, it means that even if you do pay back the money, there is nothing to show for it. If you decide to take out money in this way, know that your lender will likely charge a fee for their services.

Safe Money for Scammers

It’s not just the internet that has a lot of scammers. The mobile platforms are also making it easier for scammers to operate. There are some really simple ways to protect yourself from these types of individuals and you can do this by using these methods:
#1: Download an antivirus app to your phone
#2: Enable location tracking on your phone
#3: Use a virtual private network (VPN) app on your phone
#4: Don’t give out personal information over the phone or on social media platforms
#5: Use a password manager app on your device
There are many more ways, but these are a few of the ones that are relatively easy and will help you stay safe.

Flexi Loans

– Flexi loans offer a low interest rate.
– You can make payments through the same USSD or SMS channel.
– The repayment period is one month.
– Customers are charged a nominal fee of Kshs 100 for every payment they make using their mobile phone.
– Interest rates can fluctuate depending on market conditions and the size of the loan.

Kasapa Loans

Kasapa loans are mobile loans offered by lenders that accept USSD or SMS payments. You need to have a phone that supports USSD and the service must be registered in order for you to take out a loan. Kasapa is convenient because it saves you time, especially if you have emergencies that arise.
Kasapa also has a repayment option that allows you to make repayments on time without any hassle. This is perfect for those who need quick cash, but don’t want to worry about late payments or fees associated with taking out a loan elsewhere.
What makes Kasapa unique is that it offers low interest rates of up to 3 percent and they will give your money within 24 hours after the loan is approved!

Borrow against Value Loans

Value loans are short-term loans that you can borrow up to a certain value. They work just like payday loans. However, the interest rate is usually lower and it is a lot easier to get one because they are more accessible via mobile devices.

Shishanga Loans

The Shishanga loan is one of the most popular loans that is accessed via USSD or SMS in Kenya. This loan is offered by Micro Credit Bank which has been in operation for over a decade now. The Shishanga loan is not just an ordinary loan as it can be accessed from any phone with a working connection.
The Shishanga interest rates are very competitive, ranging from 3% to 30%, depending on your personal situation. Additionally, you can choose between monthly or yearly payment options which will suit your budget. There are also no collateral requirements for this loan which means you won’t be required to provide anything in exchange for the money that you borrow!
This type of loan really helps people with low income who need a financial boost without having to resort to credit cards or other more costly and high-risk options.

M-Shwari Loan

M-Shwari is one example of a mobile loan that you can get without any hassle. It’s available in Kenya, and the application process takes less than a minute. You just need to sign up on the app’s website and answer quick questions about your identity and your account. Afterward, you will be able to take out your loan via USSD or SMS.
If you are considering taking out a loan, it’s important that you know what type of institution you will be borrowing from so that you can compare them with M-Shwari. The rates they offer on loans might differ by as much as 100%.

Niloy Alami Loan

If you are in need of a loan, this is the best option for you. It offers 0% interest rates on loans up to $500 and a repayment term as short as 14 days.
You can also apply for this loan at your local mobile money agent or through its website. This loan is one of the easiest to get because it doesn’t require any collateral whatsoever.
This loan requires you to have a bank account that is linked with Airtel Money, Safaricom, or Vodafone M-Pesa so don’t forget to link your account before applying!
The key benefit of this loan is that it provides fast and easy financing for anyone who needs money fast without having to go through all the hassle of finding an institution that will lend to you.
If you are interested in getting this type of loan from someone, take advantage of the referral program. If someone else takes out a loan and pays it back on time for two consecutive months, then their referrals would receive a $100 phone credit!


A mobile loan, also known as a USSD loan, is an online loan that is accessed on your mobile phone via SMS, USSD or a mobile application. The loan amount ranges from Kshs 100,000 to Kshs 500,000. The repayment period is from 24 hours up to 12 months.
This list of mobile loans in Kenya is by no means exhaustive. However, it will give you a good insight into the many options available in the market.

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