KCB M-PESA

KCB M-PESA is a savings and loan service that enables M-PESA customers to save as little as KSh 1 and access loans for an emergency, or to fund a project or enterprise, payable via M-PESA, or from the KCB M-PESA account. 

Benefits of KCB M-PESA 

Earn an interest of up to 6.3% per annum on your savings. You may choose to save for a fixed period through a Fixed Deposit Account or save gradually for a set period through a Target Savings Account. 

You can also access instant loans from KSh 100 to KSh 1 million, credited directly to your M-PESA account at a facility fee of 8.93%. 

There are no forms to fill or branches to visit. With just a few clicks on your phone, you can start saving and access instant loans. 

Transfers in and out of the KCB M-PESA account are free of charge. 

Eligibility for KCB M-PESA 

To register for KCB M-PESA, you must: 

• Have a Kenyan National ID. 
• Be registered on M-PESA using the same ID. 
• Be an active user of other Safaricom services such as voice, data, and M-PESA. 

Important to note: 

• Customers registered using passports cannot activate KCB M-PESA. To update, visit a Safaricom Shop with both your original ID and passport so that details can be amended. 
• Multiple registrations on KCB M-PESA using the same ID are not allowed. 
• Customers who have used M-PESA for less than 6 months will not be eligible for a loan. 

How to Sign Up 

You can activate your KCB M-PESA account through these simple steps: 

M-PESA App 

• Log in to your M-PESA account. 
• Select Grow on the bottom navigation bar. 
• Select KCB M-PESA. 
• Tap Activate. 

MySafaricom App 

• Log in to MySafaricom app. 
• Tap M-PESA on the bottom navigation bar. 
• Select Loans and Savings. 
• Enter your M-PESA PIN. 
• Select KCB M-PESA. 
• Tap Activate. 

Safaricom SIM Toolkit (STK) 

• Open the M-PESA menu. 
• Select Loans and Savings. 
• Select KCB M-PESA. 
• Tap Activate. 
• USSD 
• Dial *334#. 
• Select Loans and Savings. 
• Select KCB M-PESA. 
• Tap Activate. 

You’re now all set to save and borrow with KCB M-PESA. 

How to Qualify for a KCB M-PESA Loan 

• Be an M-PESA customer for at least 6 months. 
• Actively use other Safaricom services (voice, data, M-PESA). 
• Save regularly with KCB M-PESA. 

Fixed Savings Account 

• With the Fixed Savings Account you can lock a specific amount of cash for a period of up to 12 months. Here is how it works: 
• Locked periods include 1 up to 12 months with a minimum amount of KSh 500. 
• Earn attractive Interest rates of 6.3% p.a. on your savings. 
• Early or premature redemption will mean forfeiting all interest accrued. 
• On maturity or redemption, funds are sent back to your KCB M-PESA account. 

Target Savings Account 

Need to save towards a goal? The Target Savings Account allows you to set money aside until you achieve it. Here’s how it works: 

• Set a target amount and top up continuously until you achieve it. 
• You can deposit money through M-PESA or KCB M-PESA. 
• Target periods range between 1 to 12 months, with a minimum contribution of KSh 50. 
• Earn attractive Interest rates of 6.3% p.a. on your savings. 
• Interest is earned on cumulative balance. 
• Early withdrawal is allowed, but you must withdraw the full saved amount. Interest is calculated up to the withdrawal date. 
• On maturity or redemption, funds are sent back to your KCB M-PESA account. 

For more information, see the FAQs below: