• Safaricom has launched a new product dubbed Taasi Tili to advance small business loans in Kenya
• Under the facility, customers will be able to get loans ranging from KSh 1,500 to KSh 250,000 upon request
• The new credit facility has been launched in partnership with banks such as DTB, Sidian, KCB, and other lenders

Bonface Kanyamwaya, a journalist at TUKO.co.ke, has more than 10 years of financial, economic, business, markets, and aviation expertise, providing insights into Kenya and global trends.

Safaricom will now be able to give its customers loans of between KSh 1,500 and KSh 250,000, depending on eligibility.

The loans, set to be advanced through its new product dubbed Taasi Tili, target Micro, Small and Medium Enterprises (MSMEs) in Kenya.

The credit facility will be available on request via the Pochi La Biashara wallet on the M-Pesa App or USSD 3348#.

“Businesses play a pivotal role in Kenya’s economy and make a significant impact in our communities. Leveraging the power of technology, Taasi will offer convenience and access to credit for MSMEs, allowing them to focus on scaling their businesses,” said Peter Ndegwa, Group CEO, Safaricom, in a statement on Wednesday, May 21.

Ndegwa said the business credit offering, Taasi Tili, will provide short-term loans to customers through partnerships with banks such as Sidian, DTB, KCB, and Pezesha.

Eligibility conditions for Safaricom loans

To be eligible for credit from Taasi and Fuliza Biashara, merchants must have had active tills or Pochi wallets for more than six months.

Upon approval, funds are deposited directly into the user’s M-Pesa wallet with flexible repayment periods ranging from 14 to 30 days.

Credit plays a vital role in the financial health of businesses, enabling operations and funding key investments that spur growth.

M-Pesa supporting businesses

M-Pesa continues to offer both businesses and individuals frictionless, safe, and convenient financial service tools, building a resilient and financially healthy Kenya.

By increasing access to affordable credit for Kenya’s entrepreneurs, especially those in the informal sector, Safaricom and its partners aim to drive financial inclusivity and unlock opportunities.

The telco is launching this new product to advance loans to small businesses after previously launching Fuliza Biashara, a Lipa na M-Pesa merchant solution that allows businesses to draw multiple overdrafts from a minimum of KSh 1,000 to KSh 400,000 based on their assigned limit.

As part of the revamp, merchants will now be able to repay their overdraft flexibly, with recovery occurring when there is an inflow on the till to allow business continuity.

The credit solutions are available via the M-Pesa Business App or USSD *234#.

What was Safaricom net profit?

Safaricom registered significant growth in net profit for the financial year ending March 30, 2025.

The leading telecommunications firm reported a 7.3% growth in profit after tax to KSh 45.8 billion, up from KSh 42.6 billion reported in the financial year 2023/24.

Safaricom’s Ndegwa attributed the growth to strong business digitisation and innovation.

Proofreading by Asher Omondi, copy editor at TUKO.co.ke.

Source: TUKO.co.ke