Are you an MPESA agent looking for funding to boost your MPESA agency business? Do you need agent MPESA float to serve your customer before going to the bank to deposit? If yes then don't worry in this post am going to reveal to you the top 3 loans for MPESA agents available in Kenya.

The top MPESA agent loans are as follows: 

1) Okoa Float MPESA agent loan 

2) KCB Telco Agents Loans /Dealer loans 

3) M-jeki loans

1)Okoa Float MPESA Agent Loan 

This is an MPESA agent loans from Safaricom.

This is how to go about this loan:

MPESA agents can register for Okoa Float loans by dialling Okoa Float USSD code:*898# Enter their business's name and follow the rest of the simple instructions to register.

Requirements/ Qualifications For Okoa Float Loans 

To qualify for Okoa Float loans  one must have the following:

  • Certificate of incorporation as an agent 
  • MPESA statement for at least 6 months 
  • Agency Director's National IDs and KRA PIN numbers

How To Repay Okoa Float Loans

The Okoa Float loans are cleared automatically once the agent makes float reload. This loan feature is free of charge and has a repayment period of 3 days.

How To contact Okoa Float loan Customer Care

To contact Okoa Float loan customer service, contact Safaricom via 100 for free.

2) KCB MPESA Agents Loans 

KCB bank has got a special loan product to Safaricom dealers and MPESA agents that require to boost their businesses.

Through this loan facility agents and dealer are able to get loans starting from kes 100,000 up to 10 million for agents and up to 30 million for dealers and enjoy a flexible repayment period of up to 24 months.

Interest Rates

The loan charges 13% interest and negotiation fees of 3%.


  • Duly completed application forms 
  • Agency Authority confirmation form from Safaricom PLC
  • Evidence of cash flow in the last 12 months
  • Trading license and Registration certificate
  • Commission earned from Safaricom should be paid through KCB bank
  • Brief details of the business and other sources of income.

How To Apply 

To apply you can visit any KCB branch with the above requirements and apply for the loan or apply online or contact your relationship manager to apply.

3) M-jeki Loans 

M-jeki is a mobile phone automated  loan provided by Stanbic Bank in partnership with Safaricom Mpesa available to Safaricom Dealers and Agents .

M-jeki loans can be accessed via mobile phone Short code *258# or through *234#. You don't have to visit the bank for you to apply for the loan.

How To Register/Apply for M-jeki loans

On your phone ,Dial *258# ,follow the prompts to register and be given a login credentials.

Dial *258# 


Go to loans 

Choose the type of loan ( Float, Airtime or Divices)

Enter amount to borrow ,accept terms and send

You will receive a confirmation message about the loan 


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