Airtel Kenya and Faulu Kenya have today entered into a partnership that would enable Airtel Money users access loans on their mobile phones via Airtel Money.
This service dubbed ‘Faulu Airtel Kopa chapaa Service’ will provide short term credit and emergency advance, which is repayable in 10 to 30 days, to Airtel customers.
Airtel customers can apply for the loan from the comfort of their mobile phones by dialing *305# and following the menu to access the loans. This service is though only available to registered and active Airtel Money users.
This service will be very beneficial to Kenyans living in rural areas with limited access to conventional financial services.
Watch this space for more information on this new service.