Frequently Asked Questions

Short-Term Loans

Just ID Copy, Pay slip and Safaricom Mobile number. On approval, you will get an SMS from Little Pesa specifying the loan limit approved.

The account can be activated by entering your ID no. and mobile no. Upon activation, you will receive One Time PIN (OTP) from Little Pesa and once you enter the said OTP, you will be prompted to change the PIN to four digits of your choice.

7 days loan –4% flat, 15 days loan –6% flat, and 30 days loan –8% flat.

There is No Processing Fee and No Hidden Charge. Apart from interest, we only charge Ksh 60 per disbursement as M-Pesa charge. The disbursement charge of Ksh 60 remains same for a disbursement up to Ksh 100,000.

The Interest is upfront i.e., deducted from the loan amount. For example, if you apply for a loan of Ksh 10,000 for a period of 30 days, interest of Ksh 800 and disbursement charge of Ksh 60 shall be deducted from the loan amount and you will be disbursed Ksh 9,140. On due date, you will need to pay only Ksh 10,000.

Our loan limits are based on your Net Pay—limit is usually 30% to 50% of your net pay. The maximum loan limit is capped at Ksh 100,000. However, you can avail a minimum loan of Ksh 1,000 within your limit.

Yes. Three Top Up loans across all loan tenures (7 days, 15 day & 30 days) are available within your limit till the due date of the loan without being required to clear the outstanding balance first.

The loan balance is updated immediately you repay your loan and within seconds, you become eligible for another loan within your loan limit.

You can repay your loan by tapping Repay Loan Icon on our App’s Home screen or through our USSD by dialing *483*93#. Safaricom M-Pesa screen will appear in our App and USSD for you to enter your M-Pesa PIN and repay the loan. Additionally, you can repay your loan through our Paybill no. 755141 – your mobile no. will be your account no.

Yes. If you avail a loan for a period of 30 days and repay within 7 days or 15 days, you shall be charged interest rate for the period you have used the loan and excess interest shall be refunded to you on your next loan.

Yes, you can. You need to go to your Safaricom M-Pesa, tap LIPA NA M-PESA and then fill as under: – Paybill no. 755141 Account no. Mobile no. of the person you are paying for Amount Ksh you want to pay

Your money remains safe as your funds can only be credited to your M-Pesa account which is protected by your M-Pesa PIN. As an additional security measure, our system does not allow accessing our services on another device. Accordingly, you need to contact us for resetting your device in case of change of Mobile Phone.

If you are not able to repay the loan within the stipulated time, there is a provision for one-time automatic roll over of the outstanding with a nominal extra interest of 2% over the prevailing rate for another tenure. 

In that case, the loan is considered as a Default and appropriate recovery proceedings will be initiated by the company.

Product Financing

Please download the Little Pesa App from Google Play store or App Store and sign up. If you are already using Little Pesa App for Short Term loan limit, you just register for Product Financing on your App itself. 

After signing up, please send your ID Copy, latest Pay slip (if applicable), Bank and MPESA statements for the last 3 months. On approval, you will get an SMS from Little Pesa specifying your approved loan limit. In case of Rejection, you will also be advised. 

The account can be activated by entering your ID no. and mobile no.  Upon activation, you will receive One Time PIN (OTP) from Little Pesa and once you enter the said OTP, you will be prompted to change the PIN to four digits of your choice. In case, you are already active under our Short-Term Loan Product, you will not receive a new PIN on activation and the existing PIN will work for all the products.

3 Months –5% p.m.; 6 Months- 4.5% p.m.; 9 Months-4 % p.m.; 12 Months-3.5% p.m. 

Please press Product Financing button on your App and then Apply and select the Supplier, input item details, and the period and amount of loan. You will get an MPESA trigger to pay 10% of the amount of the loan applied as down payment which is adjusted towards your loan repayment. In case, the trigger does not come for any reason, you can make the down payment through our Repay button or through LIPA NA MPESA – Our Paybill no. 172555 Account no. your mobile no.  After you have made down payment, you can take delivery of the product. 

There is No Processing Fee or Hidden Charge.

You need to pay monthly equated instalment. It is computed taking into account principal plus interest minus down payment divided by number of months. e.g., if you apply for a loan of Ksh 100,000 for a period of 6 months, down payment is 10% i.e., Ksh 10,000 and monthly equated instalment is Ksh 19,500 i.e., 100,000 -10,000 +27,000/6. 

Our loan limits are fixed at maximum 200% of the Net Pay/Average monthly income subject to a maximum loan limit of Ksh 300,000. 

The loan balance is updated immediately you repay your loan and you become eligible for another loan within your loan limit. 

You can repay your loan by tapping Repay Loan Icon on our App’s Home screen. The instalment due can be repaid by tapping Full Repayment (instalment amount due) or Custom button (for partial or excess repayment).  Safaricom M-Pesa screen will appear in our App for you to enter your M-Pesa PIN and repay the loan. Additionally, you can repay your loan through our Paybill no. 172555 – your mobile no. will be your account no.

Yes. Prepayment of loan is allowed provided you have repaid interest for 3 months. In fact, 3 months interest is loaded to your account on availing the loan.

You shall be responsible for the insurance of the items to be purchased at your cost and in case of loss or damage of the items for whatsoever reasons, you shall not be absolved of your responsibility to repay the loan. 

If you are not able to repay the loan within the stipulated time, you shall be charged extra interest of 2% on the overdue amount.

In that case, the loan is considered as a Default and appropriate recovery proceedings will be initiated by the company.

Flexipay

Please download the Little Pesa App from Google Play store or App Store and sign up. If you are already using Little Pesa App for Short Term loan limit, you just sign up for Flexipay on your App itself.

After signing up, please send your ID Copy, latest Payslip (if applicable), Bank and MPESA statements for the last 3 months. On approval, you will get an SMS from Little Pesa specifying your approved loan limit. In case of Rejection, you will also be advised. 

The account can be activated by entering your ID no. and mobile no.  Upon activation, you will receive One Time PIN (OTP) from Little Pesa and once you enter the said OTP, you will be prompted to change the PIN to four digits of your choice. In case, you are already active under our Short-Term Loan Product, you will not receive a new PIN on activation and the existing PIN will work for all the products.

3 Months –5% p.m.; 6 Months- 4.5% p.m.; 9 Months-4 % p.m.; 12 Months-3.5% p.m. 

Please press Flexipay button on your App and then Apply and specify the period and amount of loan. You will get an MPESA trigger to pay 10% of the amount of the loan applied as down payment which is adjusted towards your loan repayment. In case, the trigger does not come for any reason, you can make the down payment through our Repay Button or through LIPA NA MPESA – Our Paybill no. 172555 Account no. your mobile no.  After you have made the down payment and have deposited cheques for the monthly instalments, loan amount is directly disbursed to your MPESA account.

There is No Processing Fee or Hidden Charge. Apart from interest, we only charge Ksh 60 per disbursement as M-Pesa charge. The disbursement charge of Ksh 60 remains same for a disbursement up to Ksh 150,000 i.e., the maximum amount that can be disbursed through MPESA at a time.

You need to pay monthly equated instalment. It is computed taking into account principal plus interest minus down payment divided by number of months. e.g., if you apply for a loan of Ksh 100,000 for a period of 6 months, down payment is 10% i.e., Ksh 10,000 and monthly equated instalment is Ksh 19,500 i.e., 100,000 -10,000 +27,000/6.

Our loan limits are fixed at maximum at 200% of the Net Pay/Average monthly income subject to a maximum loan limit of Ksh 300,000.

The loan balance is updated immediately you repay your loan and you become eligible for another loan within your loan limit.

You can repay your loan by tapping Repay Loan Icon on our App’s Home screen. The instalment due can be repaid by tapping Full Repayment (instalment amount due) or  Custom button ( for partial or excess repayment).  Safaricom M-Pesa screen will appear in our App for you to enter your M-Pesa PIN and repay the loan. Additionally, you can repay your loan through our Paybill no. 172555 – your mobile no. will be your account no.

Yes. Prepayment of loan is allowed provided you have repaid interest for 3 months. In fact, 3 months interest is loaded to your account on availing the loan.

Yes, you can. You need to go to your Safaricom M-Pesa, tap LIPA NA M-PESA and then fill as under: – Paybill no. 172555 Account no.; Mobile no. of the person you are paying for; Amount Ksh you want to pay

Your money remains safe as your funds can only be credited to your M-Pesa account which is protected by your M-Pesa PIN. As an additional security measure, our system does not allow accessing our services on another device. Accordingly, you need to contact us for resetting your device in case of change of Mobile Phone.

If you are not able to repay the loan within the stipulated time, you shall be charged extra interest of 2% on the overdue amount.

In that case, the loan is considered as a Default and appropriate recovery proceedings will be initiated by the company.