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Common reasons for getting emergency loans in Kenya via MPESA:

  • Injuries
  • Unexpected illnesses
  • Job losses
  • Delayed salaries
  • Car repairs

List of where to get Emergency Loans in Kenya via Mpesa in 2024

List of Emergency Loan Options in Kenya:

  1. KCB MPESA Loans:
  • Borrow up to Ksh 1,000 with a one-month repayment period.
  • 8.64% interest charged.
  1. KCB Mobile Loans:
  • Borrow between Ksh 1,001 to Ksh 300,000 with a 30-day repayment period.
  • Lower interest rate of 7.02%.
  1. Fuliza MPESA:
  • Overdraft service allowing payments or transfers up to Ksh 70,000.
  • Daily maintenance fee up to Ksh 25 for 30 days.
  1. Mshwari Instant Mobile Loans:
  • Borrow from Ksh 100 to Ksh 50,000 with a tenure of 1-6 months.
  • 9% annual interest rate.
  1. MCOOP Cash Loans:
  • Borrow Ksh 1,000 to Ksh 50,000 with repayment within 1-3 months.
  • 8% monthly interest.
  1. Eazzy Quick Online MPESA Loans:
  • Borrow from Ksh 1,000 to Ksh 30 million with a 1-12 month tenure.
  • Effective annual interest rate of 13%.
  1. Timiza MPESA Emergency Loans:
  • Borrow between Ksh 500 to Ksh 150,000 with a 30-day repayment period.
  • Additional fees apply.
  1. PesaPap Mobile Loans:
  • Borrow from Ksh 1,000 to Ksh 50,000 with a 30-day tenure.
  • Facility fee of 6.62% with processing fee, monthly interest, and insurance.
  1. Tala MPESA Emergency Loans:
  • Borrow Ksh 1,000 to Ksh 50,000 with repayment within 21 or 30 days.
  • Daily interest rates apply.
  1. Zenka Emergency Loans:
    • Borrow Ksh 500 to Ksh 30,000 with a 61-day tenure.
    • Interest rate varies depending on the amount borrowed.
  2. Branch Emergency Loans:
    • Borrow from Ksh 150 to Ksh 70,000 with repayment within 60 days.
    • Annual percentage rate varies.
  3. Zash Online Emergency Loans Kenya:
    • Borrow from Ksh 500 to Ksh 50,000 with repayment within 91 days or less.
    • Annual interest rate of 25% or 2.08% monthly.
  4. Fin Credit Emergency Loans:
    • Borrow from Ksh 500 to Ksh 100,000 with a 1-12 month repayment period.
    • 10% monthly administration fee.

Pros and Cons of Emergency Loans in Kenya:


  • Fast processing
  • No collateral required
  • No paperwork
  • Anytime access
  • Easy MPESA disbursement
  • Option of no credit checks


  • High interest rates
  • Hidden charges
  • Hefty penalties for late payment
  • Annoying reminders and harsh collection tactics

Creating an Emergency Fund:

Definition and Importance:

  • An emergency fund is cash reserved for unforeseen expenses or financial emergencies.
  • Crucial for:
  • Lowering stress levels during financial crises.
  • Encouraging financial discipline.
  • Saving for financial goals.
  • Preparedness for financial difficulties.

When to Use:

  • Living expenses during job loss or pay cuts.
  • Unplanned medical expenses.
  • Emergency travels.
  • Car or home repairs.
  • Slow business periods.

Setting Up an Emergency Fund Quickly:

Step 1: Determine the Target Amount:

  • Aim for at least 6 months’ worth of living expenses.

Step 2: Choose an Account:

  • Open a savings account, money market fund, or high-interest online bank account.

Step 3: Start Saving with a Clear Goal:

  • Calculate monthly savings needed to reach your target.

Step 4: Automate Savings:

  • Set up automatic transfers to your emergency fund account.

Building Your Emergency Fund:

Tips for Building:

  • Pay off short-term debts to free up income.
  • Increase income streams.
  • Cut down on unnecessary expenses.
  • Avoid lifestyle inflation.
  • Track expenses rigorously.
  • Consider interest-paying accounts for the fund.
  • Replenish the fund after withdrawals.

Assistance with Setting Up:

  • Cent Warrior family offers help in setting up an emergency fund tailored to your income and financial goals.
  • Encourages preparation for financial emergencies to avoid borrowing and debt accumulation.
  • Savings earn interest, promoting financial growth even during periods of non-use.

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