Safaricom Explains how Business Owners Using M-Pesa Till Can Get Loans of Up to KSh 250k
- Safaricom launched new loan products for customers, with one of them dubbed Taasi Till, offering short-term loans
- The giant telecommunications company told TUKO.co.ke who is eligible for the loans and how customers should apply
- Safaricom set the terms and conditions that M-Pesa Till users should meet, noting that it would not determine the limits
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Kenyan business owners using the M-Pesa Till can now access loans of up to KSh 250,000.
Source: Twitter
This is through the Taasi Till product, which was introduced by the telecommunications company in July 2025.
In a statement to TUKO.co.ke, the company explained that the overdraft facility would offer short-term loans from as low as KSh 1,500.
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"Businesses will have access to credit through an overdraft facility, Fuliza Biashara and a Term loan ‘Taasi Till’. Taasi Till is a business credit offering short-term credit ranging from KSh 1,500 to KSh 250,000, depending on eligibility," the company stated.
Who is eligible for the Taasi Till loan?
The telco noted that business owners should have been using tills for at least six months.
To access the loan, M-Pesa users can dial the USSD code *234# or use the M-Pesa business app.
It pointed out that traders will have up to 30 days to repay the loans.
"Merchants must have operated tills or Pochi wallets for longer than six months to qualify for credit for "Taasi" and Fuliza Biashara. After approval, money is transferred straight into the user's M-Pesa wallet, with adjustable repayment terms ranging from 14 to 30 days," the company expounded.
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Safaricom worked with different financial institutions, including KCB, Diamond Trust Bank, Sidian Bank and Absa Wezesha stock loan to unveil the product.
"Safaricom and its partners aim to promote financial inclusiveness and open doors by giving Kenyan entrepreneurs, particularly those operating in the informal sector, greater access to affordable credit," it added.
What are the other terms for Taasi Till loans?
- The credit limit and the associated interest rate are ultimately up to the banks.
- The banks may use information from other sources, including your previous business transactions with Safaricom, to assess your credit before reaching a decision.
- Business owners will commit to repaying debts within the period and under the conditions of the contract.
- In accordance with the terms and conditions, merchants will repay the loans through the access channels, plus any relevant interest, fees, and penalties.
- Merchants who do not make any payments that are due will be declared bankrupt by a Kenyan court of competent jurisdiction.
Why did a Safaricom customer lament?
In other news, a Safaricom M-Pesa customer complained on social media about his Fuliza loan's CRB listing.
The subscriber lamented that Safaricom did not deduct the overdraft amount, yet his M-Pesa line is active and he uses it to make purchases.
Safaricom clarified why a customer may be listed on CRB due to a Fuliza loan in an exclusive interview with TUKO.co.ke.
Proofreading by Mercy Nyambura, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
