Market vendors can access quick loans for stock and business needs. Mobile loans and chama options designed for traders.
Use M-Pesa Buy Goods for customer payments
Join a market traders chama or SACCO
Keep your market stall license current
Build consistent M-Pesa transaction history
Start with smaller loans and repay promptly
Mobile loans (Fuliza, M-Shwari, Branch, Tala) are the easiest - they use your M-Pesa history. Join a market traders SACCO for larger amounts. Chamas also offer rotating credit among members.
For mobile loans: just your national ID and M-Pesa. For SACCO loans: ID, market permit, and SACCO membership. For bank loans: ID, business license, and 6 months M-Pesa statements.
Mobile loans: KES 500 - 70,000 (Fuliza), up to KES 500,000 (Branch with good history). SACCO loans: based on shares, typically up to 3x savings. Chama loans: depends on group contribution.
Compare loan options and find the best rates for your situation.