Every business will, at some point, require capital to grow its operations. Access to funds during financial downtime provides a business with working capital for key operational expenses to keep the business going and grow returns.

The good news is that access to credit has nowadays been simplified, and business people can access the credit they need with just a tap of a screen. This is unlike previously when people had to visit banking institutions for credit.

Instant mobile loan apps like Timiza provide affordable loans to growing businesses to improve cash flow when they need it the most.

The facility is operated entirely from the mobile phone by dialing *848# or through the Timiza mobile app, available on the Google Play store or IOS app store.

Timiza is accessible to everyone and users who fit its eligibility criteria can access mobile loans of up to Sh150,000.

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Whats more is that borrowers enjoy the most affordable facility fee of 5% compared to the market price and interest fee of 2.96% per month.

The more one transacts the more they grow and improve their Timiza credit limit. In addition, one gets discounts and loan limit growth on early repayment.

To qualify for a loan, one must be an M-PESA subscriber for more than 6 months and actively use Safaricom services such as voice, data, and M-PESA.

In addition, a borrower must have a good rating and not be negatively listed by the Credit Reference Bureaus (CRB) or blacklisted by Safaricom on Okoa Jahazi.

Once a loan application is approved and the loan is processed, the money is deposited into the customer’s Absa Timiza Account.

The customer can then access it by transferring it to their M-PESA account or directly sending it to another Timiza user.

Withdrawal from Timiza wallet to M-pesa is charged Sh25 for amounts less than Sh1,000, and Sh32 for amounts higher than Sh1,000.