Financial Services Archives - Millennial Money Blogger Finance Advisor Wed, 24 Jan 2024 10:22:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://millennialmoneyblogger.com/wp-content/uploads/2024/04/cropped-millennial-money-blogger-high-resolution-logo-7273318-7879558-32x32.png Financial Services Archives - Millennial Money Blogger 32 32 How To Deposit Money To Coop Bank Via Mpesa, Co-Operative Bank’S Paybill Number 400200. https://millennialmoneyblogger.com/how-to-deposit-money-to-coop-bank-via-mpesa-co-operative-banks-paybill-number-400200/ https://millennialmoneyblogger.com/how-to-deposit-money-to-coop-bank-via-mpesa-co-operative-banks-paybill-number-400200/#respond Sat, 20 Jan 2024 07:02:22 +0000 https://millennialmoneyblogger.com/2024/01/20/how-to-deposit-money-to-coop-bank-via-mpesa-co-operative-banks-paybill-number-400200/ Post navigation

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Kimisitu Sacco, Salaries, Location, Mpesa Paybill, Board Of Directors, Plots For Sale, Emergency Loan https://millennialmoneyblogger.com/kimisitu-sacco-salaries-location-mpesa-paybill-board-of-directors-plots-for-sale-emergency-loan-jobs-2020-dividends-2020-branches-and-contacts/ https://millennialmoneyblogger.com/kimisitu-sacco-salaries-location-mpesa-paybill-board-of-directors-plots-for-sale-emergency-loan-jobs-2020-dividends-2020-branches-and-contacts/#respond Fri, 19 Jan 2024 16:47:58 +0000 https://millennialmoneyblogger.com/kimisitu-sacco-salaries-location-mpesa-paybill-board-of-directors-plots-for-sale-emergency-loan-jobs-2020-dividends-2020-branches-and-contacts/ Kimisitu Sacco was formed in March 1985 by a group of Staff from ICRAF. The society was formed mainly to promote thrift among its members by affording them an opportunity for accumulating their savings; and to thereby create a source of funds from which loans can be made to them exclusively for provident and productive ... Read more

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Kimisitu Sacco was formed in March 1985 by a group of Staff from ICRAF. The society was formed mainly to promote thrift among its members by affording them an opportunity for accumulating their savings; and to thereby create a source of funds from which loans can be made to them exclusively for provident and productive purposes, at fair and reasonable rates of interest; thereby enabling them to use and control their money for their mutual benefit.

Kimisitu Sacco

Joining Kimisitu Sacco

Employees of international organizations, non-governmental organizations, foreign missions, and embassies are eligible to join Kimisitu Sacco, become members, and enjoy a wide variety of affordable products.

PROCEDURE FOR JOINING KIMISITU

Kimisitu membership is open to the following organizations:

1. Non Governmental Organizations

2. International Organizations

3. Embassies and Missions

4. Other reputable organizations

An organization interested in joining Kimisitu has to fill a pre-membership form and attach their prospectus. The management committee meets every month to review and approve the applications.Members fill membership form whose entrance fee is Kshs 1000/- and qualify for a loan after contributing for six months. The minimum share contribution is Kshs. 3,000 per monthOpen Membership Recruitment Within the Common Bond

Individuals who are not from a member organization/ on a check-off system can now join Kimisitu.

Kimisitu Sacco Requirements for open membership

  1. Duly filled membership form
  2. Attach ID/Passport
  3. Attach Copy of KRA Pin Certificate
  4. Copy of employment contract or letter from Human Resource
  5. 2 Certified copies of latest payslip
  6. Joining fee of Ksh 1,000 and Share capital of Ksh. 30,000 by the year 2024
  7. A minimum monthly contribution of Ksh.3,000

Kimisitu Sacco Diaspora Membership

The diaspora recruitment is now open to all members who have proof of being in the diaspora and are able to make regular contribution.

Requirements for Diaspora membership

  1. Duly filled membership form
  2. Attach ID/Passport
  3. Attach Copy of KRA Pin Certificate
  4. Passport size photograph
  5. Know your Customer(KYC)-To be introduced by an existing member
  6. Joining fee of Ksh 1,000 and Share capital of Ksh. 30,000 by the year 2024
  7. A minimum monthly contribution of Ksh.3,000

Kimisitu Sacco Savings products

Members Deposits

Members Deposits provides a solution for members seeking to save securely and earn dividends at premium rates. Members deposits also enable members to access our affordable credit products by using their deposits as guarantees.

Eligibility:

  • One has to register as a Kimisitu member.
  • Minimum monthly share contribution is Kshs 3,000

Inquire More

Holiday Savings Account

Plan for your stress-free holiday by saving through our Holiday Savings Account. This account is easy to open, offers competitive rates of interest, and has no ledger fees.

Features

  • Allows you to save for a minimum of six months.
  • You can withdraw all your savings and start afresh thereafter.
  • Attractive interest rate paid on withdrawal.
  • No ledger fees.
  • Minimum monthly deposit is Kshs 1,000.

Eligibility:

  • One has to register as a Kimisitu member.
  • An interested member fills a holiday savings application form
  • Only a copy of I.D. required.

Inquire More

WEKEZA SCHEME

Wekeza Scheme is a withdrawable deposit account where depositors can place short term deposits for specified periods of time usually between one to twelve months. The account targets members with large sums of money that they have put aside for investment and they are fairly certain of the period that they can commit the funds.

  • Minimum Ksh.50,000 but member can add any other amount below 50,000 even Ksh.10,000
  • Interest is computed daily and credited at the maturity of the contract period.
  • Three, Six, and Twelve Months
  • Can be used to secure loans at 100%
  • Loss of the interest income in full on withdrawal before maturity date
  • Time frame for refunds is 5 working days

The customer will be issued with a Certificate of Deposit upon depositing the money.The Certificate of Deposit details the amount deposited, date deposited, interest rate applicable, contract period and the maturity date

What can investor do on maturity?

1. Re-invest the whole amount

2. Withdraw part and re-invest the balance

3. Withdraw the whole amount (Principle plus interest)

Little Angels Savings Account

Features:

  • Members can open an account for children; the account will be in the name of the child/children but operated by the member.
  • Opening and minimum operating balance Kshs: 500
  • Minimum monthly contribution amount Kshs. 500, can be effected via check-off or direct deposits to our account. Lump sums can also be made. (Upon activation of the new system members will be able to make deposits via mobile banking )
  • Interest rate is 7% p.a
  • Piggy Banks available
  • Open to withdrawal.
  • Little angels forum held annually

SHOULDER OF SOLACE

MEMBERSHIP 

  • Membership to the scheme is voluntary to both Sacco members and non members.
  •  Entry is by registration/ filling a form
  • Withdrawal can happen at any time and member forfeits benefits and premiums paid thereof
  •  Re – admission to the scheme will be free
  •  Annual premiums shall be Kes.3,100, Kes.6,100 or Kes.9,200 either by check off system, M-Pesa, Bank Transfer or by Cash.
  •  Sacco will pay premiums for members who don’t have cash and allow 6 months interest FREE instalments i.e. Kes.517, Kes.1017 & Kes.1,533 respectively for the 3 categories.

BENEFITS TO MEMBERS 

benefits-5408697

SHOULDER OF SOLACE CLAIM PROCESS

Forward claim notification and/or claim forms from the principal member physically or sent to customercare@kimisitusacco.or.ke

If the notification is via email, it is printed and circulated for claim by receiving Sacco officer

Ensure all the relevant documents required for membership application were provided and premium paid. Otherwise attach them to claim documentation.

Submit claim supporting documents. The following MUST be attached;

  • Executed Benefit Claim Form.
  • Certified copy of Original Burial permit.
  • Claimant’s Identification Document (ID) and/or Deceased’s Surrender of ID letter.
  • Copy of Police Abstract for Accidental Deaths.

Acknowledgement of receipt of all documents and processing of claim within 48 hours following time of receipt of the full documentation.

The Cheque shall be drawn in principal’s favor.

TERMS AND CONDITIONS 

Member to give notice of death to the Sacco through email: customercare@kimisitusacco.or.ke

Provide a Burial Permit or Funeral gathering permit

For children – Birth certificates

For those above 18 – copy of deceased ID & Members ID copy

  Waiting period: : (This is the period between joining and making the first claim)

i) Member spouse and children – 1 month

ii) Nuclear family: 2 months

  • Accident: No waiting period

Premiums are paid and renewed annually through cash or installment free payments

Any member who moves from lower tier of premium to a higher tier must top up contributions.

If a member wishes to withdraw from the scheme and stops contributing, all the contributions made earlier will be forfeited.

In case of claim the member must fill in a claim form.

Maximum entry age of a principal member and spouse is 70

Maximum entry age for parents and parents in law is 85 years

 MPESA PAYMENT PROCEDURE:

  •  For payment of premium: Pay Bill 911200, under account no: put your ID number followed by word SOS eg. 123456SOS. Mpesa charges apply
  • For repayment of Shoulder of Solace loan, Pay Bill 911200. Under account number, put your ID number followed by word SOL.  Mpesa charges apply

Shoulder of Solace Registration

Kimisitu Sacco credit products

Premier Loan

The premier loan helps you buy off your bank loan at no charge. The loan repayment period up to sixty (60) months Borrow up to Kshs. 30,000,000. Interest at 1.3% per month on reducing balance. Option to offset other Sacco loans. Bridge Sacco loans at 5% commissioInquire More

BOOSTING FACILITY

Access more funds

This facility will boost your deposits to enable you get your desired loan.

To help you get a bigger loan, we increase your deposits by 100 percent of members’ current deposits at the time of loan application subject to a maximum of Kshs. 500,000. The boosting facility will be credited to your member account.

This amount will be eligible to earn interest on deposit at the end of the year. Interest charge on boosted amount at 5% (one off).

Education Loan

Members can finance their various education needs by applying for this loan.

Features:

  • The maximum repayment period is twelve (12) months
  • Granted once a week.
  • Need not attach copies of documentary evidence
  • Interest rate is 1% per month on reducing balance
  • Granted three times the member’s deposits

Emergency Loan

Emergency loans enable our members to pay for emergencies such as hospital bills or fire. There is an option to top up your emergency loan through the Top Up Emergency Loan.

Features

  • Maximum repayment period is eighteen (18) months.
  • Need not attach copies of documentary evidence
  • Interest rate is 1% per month on reducing balance
  • One must be having an existing emergency loan to qualify for a top up emergency loan.
  • Granted three times the member deposits
  • Processed within eight (8) working hours
  • Applications must be received by COB every Friday to facilitate processing for payments.

Inquire More

Valuation Loan

The Valuation Loan will assist members to pay off valuation fees for collateral. A one off interest of 2.5% will be recovered upfront from the member. The valuation loan will be recovered upon approval and disbursement of the Loan applied for that is secured with collateral.

Insurance Loan

Kimisitu Sacco has a partnership with CIC Insurance where members will enjoy negotiated insurance premiums on various covers.

KEY FEATURES

  • No Interest is charged.
  • The repayment period is nine (9) months.
  • 2/3 Rule does not apply.
  • Guarantors are not required for this loan.
  • Deposits multiplier requirement is waived.
  • This cover is available immediately.

Download Brochure Inquire More

Mega Loan

Mega Loan is a loan product with the following features:

  • Loan repayment period up to seventy two (72) months.
  • Can be taken as a stand-alone loan.
  • Can be used to bridge Mega, Special Development, Normal Development, Emergency and Education loans.
  • Can be used to buy loans from other financial institutions.
  • A one off charge of 3.5% of loans being bridged or bought will be charged.
  • Can be secured through guarantors and/or collateral. ·
  • Interest at 1.2% per month on reducing balance. ·
  • 2/3 rule applies where applicable. ·
  • Loan will be given up to three times a member’s deposits. ·
  • Proof of other sources of income apart from payroll applies.

Inquire More

MOTOR VEHICLE & MACHINERY LOAN:

Dream it, Wish it, own it

Features

PARAMETERS NEW FEATURES
Loan Limit Upto 5 times deposits Max: Kshs: 5 million
Repayment period 48 months
Interest Rate 14.5% P.a
Age of the Vehicle 8 years
Down payment Toyota Make 10%
Other Make 20%
Sacco Financing: Toyota Make 90%
Other Make 80%
Security          Value(Car) Toyota Make 70%
Other Make 60%
Guarantorship/ Other Security Toyota Make 30%
Other Make 40%

Inquire More

M-KIMISITU MOBILE LOAN

M-Kimisitu Mobile Loan Features

Product Name: M-Kimisitu Features
Product Name: M-Kimisitu
USSD Code: *346# (Access to M-Kimisitu registered members only)
Kimisitu App: Playstore >> Msacco+ >> Install on Your Phone
Membership: A registered member
Sacco Savings consistency: Member is eligible immediately he contributes however qualify up to 80% of the deposit
Maximum loan: A member can access a maximum of Kes. 100, 000 or 80% of the deposits whichever is lower.
Security: No security required but own members deposit
Repayment period: Repayment period maximum 5 months
Interest Rate: The loan attracts Interest at the rate of 5% per month on reducing balance

M-Kimisitu Registration

KARIBU LOAN

Are you a new member with three months of contribution and wondering how to get a loan of up to Kshs. 100,000?

Kimisitu Sacco proudly presents KARIBU LOAN.

At an interest rate of only 1% on reducing balance, you can now borrow up to Kshs. 100,000 with a repayment period of upto SIX (6) months through check off.

With only an appointment/contract letter and a guarantor whose deposits and those of yours cover the loan which is within the three times shares limits, you now have a reason to smile all the way to financial freedom.

Kimisitu Sacco contacts

AEA Plaza, Valley roadP.o Box 10454 00100

Nairobi, Kenya

CALL CENTER: +254 709 136 000

For General Inquiries: info@kimisitusacco.or.ke
Customer care related inquiries: customercare@kimisitusacco.or.ke
For any issues concerning Finance: finance@kimisitusacco.or.ke
For any issues concerning Loans: loans@kimisitusacco.or.ke

For more information on kimisitu Sacco, visit there website by clicking here

Read Also:

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Tala Loan Application Form Online In Kenya: App Download, Loan Repayment, And Customer Care https://millennialmoneyblogger.com/tala-loan-application-form-online-in-kenya-app-download-loan-repayment-and-customer-care/ https://millennialmoneyblogger.com/tala-loan-application-form-online-in-kenya-app-download-loan-repayment-and-customer-care/#respond Wed, 17 Jan 2024 08:07:59 +0000 https://millennialmoneyblogger.com/tala-loan-application-form-online-in-kenya-app-download-loan-repayment-and-customer-care/ The Tala app is one of the few platforms that are changing the way financial services work in Kenya and around the world. Kenyans can now access unsecured mobile loans thanks to select mobile loan apps with Tala leading the pack. Anyone with a smartphone is one step closer to getting a loan. It is ... Read more

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The Tala app is one of the few platforms that are changing the way financial services work in Kenya and around the world.

Kenyans can now access unsecured mobile loans thanks to select mobile loan apps with Tala leading the pack. Anyone with a smartphone is one step closer to getting a loan. It is that cool.

Of course, the company has to consider your credit score but Tala goes step further since even those without a formal banking history can still access products that fit their status.

Tala has made significant strides since its establishment and it continues to maintain its position as one of the best mobile loan companies in Kenya.

With this in mind, it is important to look at three important facts about this app: download, loan repayment, and customer care contacts.

Tala App Download

As a requirement, Tala has to register you as a customer before granting you a loan. The first step to getting there is to download the Tala app from the Play Store and proceed to register as a Tala customer.

To do this, you will need your Safaricom M-PESA number.

After this, Tala will collect your data and use the information acquired to determine your creditworthiness. This means your qualifications and loan limit.

In case you are expecting a loan on day one, you need to take a chill pill since this is not guaranteed. However, do not rush to uninstall the app. Keep checking to confirm whether you have qualified.

How to Repay Tala Loan

At the moment, the loan is repaid only via M-PESA. Use paybill number 851900.

Your registered Tala phone number is the account number.

The repayment period is dependent on the amount borrowed. It can be due in a month, six months, or even a week.

Steps:

  • Go to M-pesa menu
  • Select Lipa na M-pesa
  • Select Paybill (Business) number (Here enter 851900)
  • Enter Account number (Enter M-pesa phone number)
  • Enter amount (enter the loan amount)
  • Enter M-pesa PIN
  • Press OK

Note: The M-PESA message will confirm that the money has been received by Inventure Mobile Kenya and not Tala.

It is also important to note that you can use another person’s number to pay as long as it is registered by M-PESA. All you have to do is enter your registered Tala phone number as the account number. What this means, in short, is that you can use a different M-PESA number to pay for your Tala loan.

How to Contact Tala Customer Care

In case you are among those who prefer to get the information from the horse’s mouth, you can always contact Tala customer care agents.

The company offers several channels of communication. These include Facebook, email, SMS, and Twitter.

Below are the channels open for communication:

In case you prefer direct calls and physical meetings, Tala does not support that. Tala Kenya describes itself as a “remote lending company’ thus, forget about physical meetings or direct calls.

Read Also:

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How To Download Ipesa Mobile Loan App, Register And Apply For The Loan https://millennialmoneyblogger.com/how-to-download-ipesa-mobile-loan-app-register-and-apply-for-the-loan/ https://millennialmoneyblogger.com/how-to-download-ipesa-mobile-loan-app-register-and-apply-for-the-loan/#respond Fri, 05 Jan 2024 06:17:31 +0000 https://millennialmoneyblogger.com/how-to-download-ipesa-mobile-loan-app-register-and-apply-for-the-loan/ iPesa is a mobile lending app that makes it easy for people in Kenya to access a loan, anytime, anywhere. One has to Complete the application in seconds and receive loans straight into the M-PESA account. iPesa is like a bank in your pocket, there for you at all times. Currently ipesa can lend loan ... Read more

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iPesa is a mobile lending app that makes it easy for people in Kenya to access a loan, anytime, anywhere. One has to Complete the application in seconds and receive loans straight into the M-PESA account. iPesa is like a bank in your pocket, there for you at all times.

Currently ipesa can lend loan sizes range from Ksh 2000 to Ksh 10,000. If  one repays loan as scheduled, the amount that you can borrow will increase.

How to download iPesa app and register

ipesa lending platform can be accessed through Google Play. To  Open  GooglPlay and search for “iPesa” APP, then download and start to sign-up with your phone number.

You can also click on this link to download directly

iPesa Eligibility criteria

Requirements are simple

  • Safaricom phone number, N
  • National ID and
  • Answering few questions.
  • Access to the data on your phone.

How to repay iPesa loan via M-PESA paybill

iPesa paybill number is 192010. To make a repayment with M-PESA, follow these steps:

  1. Navigate to MPesa in your Safaricom menu on your phone
  2. Select Lipa na M-PESA
  3.  Choose the Paybill option
  4. Enter the Paybill number 192010
  5. For account number, enter your MPesa number on which you received your iPesa loan
  6. Enter your repayment amount
  7. Enter your M-PESA pin
  8. Confirm that all details are correct and press “OK”.

ipesa late repayment and crb

Late loan repayments automatically incur a fee of 2% per day. It is therefore advised that one does not exceed the due date.
Repay the loan by its due date allows you to access larger loan sizes. Late repayments will affect your ability to get subsequent or larger loans.

If one is very late on loan payments, ipesa report to the Credit Reference Bureau (CRB). Blacklisting by the CRB may affect ability to borrow from other lenders.

iPesa loan app Contacts

In case of any question one can contact iPesa through 05488888888 or emal them through help@ipesa.cc

Read Also:

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Mpesa To Paypal: How To Send Money From Mpesa To Paypal https://millennialmoneyblogger.com/mpesa-to-paypal-how-to-send-money-from-mpesa-to-paypal/ https://millennialmoneyblogger.com/mpesa-to-paypal-how-to-send-money-from-mpesa-to-paypal/#respond Thu, 04 Jan 2024 09:31:58 +0000 https://millennialmoneyblogger.com/2024/01/04/mpesa-to-paypal-how-to-send-money-from-mpesa-to-paypal/ Do you want to send money from Mpesa to PayPal account? It’s very easy to top up your PayPal account via Mpesa. Follow the below steps to send money from Mpesa to PayPal account easily:- How to send money from Mpesa to Paypal The top-up service to PayPal allows you to top up funds from ... Read more

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Do you want to send money from Mpesa to PayPal account?

It’s very easy to top up your PayPal account via Mpesa.

Follow the below steps to send money from Mpesa to PayPal account easily:-

How to send money from Mpesa to Paypal

The top-up service to PayPal allows you to top up funds from your qualifying M-PESA account to your linked PayPal account to shop online or make payments with PayPal.

Please note that relevant transaction charges apply.

  1. Log in to your PayPal account on https://www.paypal-mobilemoney.com/m-pesa/.
  2. Select Top Up to Paypal to proceed.
  3. Enter the amount in USD that you want to top up.
  4. Click Calculate to get the equivalent amount in KES that you will transfer from your Mpesa account.
  5. Go to your Mpesa menu.
  6. Select Lipa Na Mpesa.
  7. Select Paybill.
  8. Enter Paypal Paybill number800088.
  9. Enter your phone number as the Account Number.
  10. Enter the Amount you are transferring.
  11. Enter your Mpesa pin.
  12. Confirm the details if correct.
  13. Confirm Mpesa transaction.

You’re done!

You will receive an SMS confirmation that xxx US$ was added to your PayPal balance.

You can also check the status on the Transaction History page.

N/ B: A 4% conversion fee on the deposited amount applies. 

Mpesa to Paypal charges

These are the charges you will incur when you use the Mpesa Paypal service.

  1. For withdrawal from Paypal to Mpesa, 3% of the amount converted from USD to KES will be charged.
  2. For top-up from Mpesa to Paypal, 4% of the amount you are sending to your Paypal account will be charged.

To link your M-PESA account to your PayPal

First, You need to have registered PayPal and M-PESA accounts.

To register a PayPal account visit (www.paypal.com) and to register for M-PESA, visit any M-PESA agent outlet across Kenya.

To link your M-PESA account to your PayPal account follow these steps

  1. Visit PayPal’s M-Pesa page by typing in https://www.paypal-mobilemoney.com/m-pesa.
  2. Log into PayPal using your PayPal username and password
  3. Agree to PayPal’s terms and conditions for the service.
  4.  Add the M-PESA number you want to link with PayPal
  5. PayPal will send an SMS verification code to your M-PESA number
  6. Key in the verification code PayPal sent you on your M-PESA account and completed the linking process
  7. You have completed the process of linking PayPal to Mpesa!

How to withdraw money from PayPal to M-Pesa?

After you have linked your PayPal account to M-Pesa, you can withdraw from PayPal to the Mpesa account.

They will convert the amount from USD to Ksh and transfer it over to your Safaricom MPESA account.

Follow these steps to withdraw money from a PayPal account:-

  1. Go to https://www.paypal-mobilemoney.com/m-pesa
  2. Log in with your PayPal user details.
  3. Select Withdraw from PayPal
  4. The next screen will show you the Available PayPal balance in your account.
  5. Enter the amount you would like to withdraw and click. Continue to Withdraw.
  6. They will send the money to your M-Pesa account in a few minutes.

The maximum amount per transaction is 150,000 KES; you can’t withdraw any amount larger than this

It costs a 4% fee to load Paypal from Mpesa in addition to the Paybill fees.

Mpesa to PayPal Paybill Number is 800088.

Top-ups to Paypal are processed in real-time but sometimes may take up to 4hours to be processed.

What is the maximum amount I can withdraw from PayPal or Top Up via Mpesa?

Current M-PESA transaction limits apply. (Kes. 70,000 per transaction and Kes. 140,000 per day.)

Read Also:

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Premier​ ​Credit​, Loans, Contacts, And Branches https://millennialmoneyblogger.com/premier-credit-loans-contacts-and-branches/ https://millennialmoneyblogger.com/premier-credit-loans-contacts-and-branches/#respond Thu, 04 Jan 2024 00:09:49 +0000 https://millennialmoneyblogger.com/2024/01/04/premier-credit-loans-contacts-and-branches/ Premier​ ​Credit​ ​Limited​ ​was​ ​established​ ​in​ ​May​ ​2014​ ​as​ ​a​ ​credit​ ​only​ ​microfinance​ ​to​ ​provide​ ​financial solutions​ ​to​ ​corporates,​ ​government​ ​, and​ ​individual​ ​entrepreneurs.​ ​Premier​ ​Credit ​continues​s ​to​ ​leverage​ ​​ ​the strong​ ​relationships​ ​built​ ​with​ ​our​ ​customers​ ​to​ ​understand​ ​their​ ​needs​ ​and​ ​develop​ ​products​ ​that​ ​suit them. Premier​ ​Credit Products Premier​ ​Credit Business Loans Premier ... Read more

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Premier​ ​Credit​ ​Limited​ ​was​ ​established​ ​in​ ​May​ ​2014​ ​as​ ​a​ ​credit​ ​only​ ​microfinance​ ​to​ ​provide​ ​financial solutions​ ​to​ ​corporates,​ ​government​ ​, and​ ​individual​ ​entrepreneurs.​ ​Premier​ ​Credit ​continues​s ​to​ ​leverage​ ​​ ​the strong​ ​relationships​ ​built​ ​with​ ​our​ ​customers​ ​to​ ​understand​ ​their​ ​needs​ ​and​ ​develop​ ​products​ ​that​ ​suit them.

Premier​ ​Credit Products

Premier​ ​Credit Business Loans

Premier Credit offers loans to individual small and medium businesses operating informal fixed premises. This product seeks to cater to unforeseen immediate working capital needs. The products are designed for clients whose businesses have verifiable daily cash flows. It targets existing clients with established enterprises and has a good credit history with us or clients referred by existing customers.

Premier​ ​Credit Consumer Loans

Premier Credit offers unsecured loans to employees where the employer has signed a Memorandum of Understanding (MOU) and agreed to make loan repayment deductions directly from the employee salary (Check-Off). All loans are processed and disbursed in 24 hours. We offer a range of products to government payroll clients e.g. Teachers Service Commission and civil servants, as categorized below.

Premier​ ​Credit Partnership product

Premier Credit Kenya has entered into a strategic business partnership with Post Bank to offer Post Bank customers access to credit facilities. Under the partnership, Premier Credit has a range of flexible products that ensure we include all Post Bank customers across the country. In alignment with Premier Credit’s mission to see its customers achieve their aspirations.

Premier​ ​Credit Contacts

5th Floor Nginyo Towers. Koinange Street, Next to Nakumatt Lifestyle.P.O Box: 21256-00100, Nairobi.Tel: +254730 812 000.Mobile: +254709 176 000.info@premiergroup.co.ke website: https://www.premierkenya.co.ke/

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How To Fuliza On Safaricom M-Pesa https://millennialmoneyblogger.com/how-to-fuliza-on-safaricom-m-pesa/ https://millennialmoneyblogger.com/how-to-fuliza-on-safaricom-m-pesa/#respond Sat, 30 Dec 2023 11:55:16 +0000 https://millennialmoneyblogger.com/how-to-fuliza-on-safaricom-m-pesa/ Fuliza M-PESA is a new overdraft service that allows M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their accounts. Here’s how you can register and use the service -: Dial *234# and select Fuliza M-PESA to opt in. You need to be an M-PESA registered customer with an active Safaricom line. Once ... Read more

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Fuliza M-PESA is a new overdraft service that allows M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their accounts.

Here’s how you can register and use the service -:

  1. Dial *234# and select Fuliza M-PESA to opt in. You need to be an M-PESA registered customer with an active Safaricom line.
  2. Once you have opted in, you can Dial *234# and Select Fuliza M-PESA to check your limit, balance, mini statement, and opt-out option. Every time you transact using Fuliza, you will receive an SMS with the outstanding Fuliza amount.

You can also install the mySafaricom app that is available on Android and iOS. The app allows you to monitor your Fuliza without having to dial *234#

Fuliza M-Pesa does not allow you to withdraw money.

Here are a few other facts -:

How many accounts can I hold for Fuliza M-PESA services?

Every M-PESA registered line will be treated as a different account. Each mobile number will qualify for Fuliza M-PESA and will be awarded a limit. This limit will be reviewed every 3 months depending on your usage.

How many times can I use Fuliza M-PESA?

You can use it as many times as needed as long as you are within the allocated Fuliza M-PESA limit.

Which M-PESA transactions can I complete using Fuliza M-PESA?

  • Lipa Na M-PESA: Buy goods and Paybill as well as Send money

How do I use my Fuliza limit?

All you need to do is transact normally on M-PESA and if you have insufficient funds, Fuliza M-PESA will cover the shortfall.

How do I grow my Fuliza M-PESA limit?

Continue using Safaricom and M-PESA services frequently and repay Fuliza M-PESA on time by topping up your M-PESA account.

How much will I be charged for using Fuliza M-PESA?

You will be charged a 1% access fee and a maintenance fee on the outstanding balance as per the below table. Normal M-PESA transaction charges apply.

Band Tariff Promotional Tariff for 30 days from launch
0 -100 One-time fee of Ksh 2 One-time fee of Ksh 0
101-500 Ksh 5 per day
501-1000 Ksh 10 per day
1001-1500 Ksh 20 per day
1501-2500 Ksh 25 per day
2501-70000 Ksh 30 per day

Are there any Penalties for late repayment?

You will not have access to your Fuliza M-PESA limit if you have any unpaid balance after day 30. This will however be restored on full repayment of your Fuliza balance.

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How To Use Equity Bank Mpesa Paybill Number To Transfer Money To Equity Account https://millennialmoneyblogger.com/how-to-use-equity-bank-mpesa-paybill-number-to-transfer-money-to-equity-account/ https://millennialmoneyblogger.com/how-to-use-equity-bank-mpesa-paybill-number-to-transfer-money-to-equity-account/#respond Fri, 29 Dec 2023 04:49:52 +0000 https://millennialmoneyblogger.com/how-to-use-equity-bank-mpesa-paybill-number-to-transfer-money-to-equity-account/ You can easily pay your utility bills using M-pesa Paybill numbers. Equity bank paybill number lets you deposit money into your Equity bank account from Mpesa. Equity Bank is one of the top banks in Kenya. How to Use Equity Bank Paybill Number for Mpesa to Equity Bank Account Select Mpesa from your phone’s Safaricom menu. Then choose Lipa na ... Read more

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You can easily pay your utility bills using M-pesa Paybill numbers. Equity bank paybill number lets you deposit money into your Equity bank account from Mpesa. Equity Bank is one of the top banks in Kenya.

How to Use Equity Bank Paybill Number for Mpesa to Equity Bank Account

  1. Select Mpesa from your phone’s Safaricom menu. Then choose Lipa na M-PESA.
  2. Choose Pay Bill.
  3. M-Pesa asks you for the Pay Bill Number. Enter 247247 which is the Equity bank paybill number.
  4. Enter your Equity bank account number or the account number that you want to transfer money from Mpesa to.
  5. Then enter the amount to transfer from Mpesa to the Equity bank account you entered in step 4.
  6. M-pesa asks for your M-pesa PIN. Enter your M-Pesa PIN
  7. Verify that you have entered the correct data. It is very important that you do not skip this step.
  8. Confirm that the information you have entered is correct. Press OK to send.
  9. You will shortly receive an M-Pesa transaction confirmation SMS from Safaricom.

Equity Bank Paybill Number for Mpesa to Equity Transfer

That is how to transfer money from Mpesa to your Equity bank account.

The Equity bank Mpesa paybill number enables you to make a deposit into an Equity bank account safely, at your convenience, and with total ease.

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How To Deposit Money Into Ncba Bank Account Via Mpesa Paybill Number 880100 https://millennialmoneyblogger.com/how-to-deposit-money-into-ncba-bank-account-via-mpesa-paybill-number-880100/ https://millennialmoneyblogger.com/how-to-deposit-money-into-ncba-bank-account-via-mpesa-paybill-number-880100/#respond Tue, 26 Dec 2023 02:13:24 +0000 https://millennialmoneyblogger.com/how-to-deposit-money-into-ncba-bank-account-via-mpesa-paybill-number-880100/ NCBA Bank Account PayBill Number is 880100. Below is how to deposit money to your NCBA account from your Mpesa using NCBA Bank Paybill Number 880100, here’s how you can do it Open Safaricom SIM Tool Kit Select M-PESA Select Lipa na M-PESA Select Pay Bill Select Enter Business no. NCBA Bank’s Lipa na M-PESA PayBill Number 880100 and press OK Select Enter Account no. NCBA ... Read more

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NCBA Bank Account PayBill Number is 880100. Below is how to deposit money to your NCBA account from your Mpesa using NCBA Bank Paybill Number 880100, here’s how you can do it

  • Open Safaricom SIM Tool Kit
  • Select M-PESA
  • Select Lipa na M-PESA
  • Select Pay Bill
  • Select Enter Business no. NCBA Bank’s Lipa na M-PESA PayBill Number 880100 and press OK
  • Select Enter Account no. NCBA Bank Account Number (e.g. 0100 xxxx xxxx) press “OK”
  • Enter Amount and press OK
  • Enter M-PESA PIN and press OK
  • M-PESA HAKIKISHA, You will get a notification e.g. “Pay NCBA Bank KSh1,000.00 for Account 0700 xxx xxx. To STOP this transaction send any letter or number within 25 seconds Cost: Kshxx.xx”. Pressing Cancel will complete the transaction.
  • You will receive a confirmation SMS from M-PESA and NCBA

That’s it!

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Mpesa To Kcb: How To Deposit Money Into Kcb Account Using Mpesa https://millennialmoneyblogger.com/mpesa-to-kcb-how-to-deposit-money-into-kcb-account-using-mpesa/ https://millennialmoneyblogger.com/mpesa-to-kcb-how-to-deposit-money-into-kcb-account-using-mpesa/#respond Sun, 24 Dec 2023 08:15:13 +0000 https://millennialmoneyblogger.com/mpesa-to-kcb-how-to-deposit-money-into-kcb-account-using-mpesa/ Deposit money to KCB via Mpesa and benefit from the lower Mpesa to KCB rates. Kenya Commercial Bank (KCB) mobile banking allows Safaricom Mpesa users to send money to their KCB bank account using the KCB paybill number 522522. You need to be a registered KCB Mobi Bank user to send money from your M-Pesa account ... Read more

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Deposit money to KCB via Mpesa and benefit from the lower Mpesa to KCB rates. Kenya Commercial Bank (KCB) mobile banking allows Safaricom Mpesa users to send money to their KCB bank account using the KCB paybill number 522522.

You need to be a registered KCB Mobi Bank user to send money from your M-Pesa account to KCB account. If you already have a KCB account, you only need to download the KCB Mobi Bank application form and fill it.

Then submit the form at the nearest KCB bank branch or at a KCB Mtaani agent. KCB has no charges for all Mpesa to KCB deposit transactions. However, Safaricom mpesa charges for sending money will apply.

To deposit money to KCB via Mpesa for free (without paying the Mpesa transaction charges), open a KCB M-Benki account (which is actually opening a KCB account through M-Pesa). With M-Benki, you can deposit money to KCB via MPESA at any KCB Mtaani agent for free.

Mpesa to KCB: How to Deposit Money to KCB via Mpesa

  1. Go to your M-PESA menu
  2. Enter KCB paybill number 522522
  3. Then enter the KCB account number to transfer money to
  4. Enter the amount to send
  5. Then enter your M-PESA PIN
  6. Confirm that all the details you have entered are correct, then send the money
  7. Wait for the MPESA transaction confirmation SMS

Other Mpesa to KCB Transactions

KCB is one of the leading investment banks in Kenya. In addition to the ability to deposit money to KCB via Mpesa, KCB Mobi Bank users can use MPESA to withdraw money from any KCB ATM using the KCB ATM Agent number 555555.

That is how to deposit money to KCB via Mpesa and KCB Mobi Bank. For more information on Mpesa to KCB transactions and answers to inquiries, contact the KCB Bank customer care through the following addresses:

KCB Mobile banking on Facebook

Phone: 0711 087000 or 0732 187000

SMS: 22522

contactcentre@KCB.co.ke

KCB Bank on Facebook: KCB Bank Group

KCB Bank on KCB Twitter (@KCBgroup)

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