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Paying loans through M-pesa
timwesh
#1 Posted : Wednesday, March 10, 2010 8:42:27 AM
Rank: Member


Joined: 3/5/2009
Posts: 4
Hi fellow Wazuans.

This is the first time am posting a topic. Are there any banks, mfi's or sacco's where loan repayments are done via M-pesa? If there are how many of them?

Timwesh
timwesh attached the following image(s):
mpesaloan.jpg (3kb) downloaded 1 time(s).
Layman
#2 Posted : Wednesday, March 10, 2010 8:57:22 AM
Rank: Member


Joined: 9/21/2006
Posts: 422
Location: Nairobi
Family bank has been running that advert for so long now, you can repay your loans thru M-Pesa. But generally, any bank that allows you to debit or credit your account directly through M-pesa will be sufficient. You simply transfer funds from your M-pesa to your bank account and the bank will debit your account accordingly. Go to your your banker and ask them, or dont you have a bank account...maybe.
timwesh
#3 Posted : Wednesday, March 10, 2010 9:03:23 AM
Rank: Member


Joined: 3/5/2009
Posts: 4
@layman thanks.I need to be keeping tabs with these things.
muganda
#4 Posted : Wednesday, March 10, 2010 9:25:08 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
@timwesh, interesting question especially noting that MPesa was initially designed for only this purpose hence the initial Faulu, CBA link (I think). Seems some complications arose initially that led to unexpected consequences.

Talk of making lemonade out of lemons.

Even more interesting is the number of people (techies) I meet who all sincerely claim that Safaricom 'copied' the idea from their concept. Official position is DFID -> Sagentia -> IBM.
misterio0123
#5 Posted : Friday, August 13, 2010 11:23:56 AM
Rank: Hello


Joined: 8/13/2010
Posts: 2
Safari com airtime purchases are conducted through M-PESA. which now has roughly 20% of their one million customers paying through M-PESA are using M-PESA as a mechanism for customers to either repay loans or withdraw.


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