22 March 2024
- Owning a house is a significant life milestone for most people, but the high costs can make it seem like an unattainable goal. And given the current increase in rent rates - a fourfold rise in the last 10 years, according to data by realtor…
22 March 2024
- Today, where can you get an unsecured loan of up to Ksh10 million for your business? In this article, we take a deep dive into Avenews, a new agribusiness financing option that is providing loans of up to Ksh10 million. Is this unique loan what your…
22 March 2024
- To many, owning a home is the ultimate embodiment of financial security; your family has a place to call home, not just a house, you no longer have to deal with landlords and importantly, you get to build wealth over time by leveraging your home…
22 March 2024
- "In January 2022, I was promoted after a two-year wait (Covid-related) and my gross salary was bumped to Ksh80,000. It translated to a take home income of Ksh61,000 with some loose change. Coming from a take-home of a few hundred shy of Ksh45,000,…
22 March 2024
- When it comes to digital loans, there are many options available in the market. Choosing a digital loan that aligns with your needs and financial situation is important. This will help you avoid defaulting on your loan, as you can easily manage your…
22 March 2024
- There are practical and effective strategies you can use to stay afloat, depending on your financial situation. The strategies can range from using your savings and finding creative ways to make extra cash to taking out an affordable short-term loan.
22 March 2024
- Remember when you opened your first bank account? Many people confess they didn't give much thought as to which bank or type of account to open, but later when they begin their professional career they realised a current current isn't only for…
22 March 2024
- Credit cards offer you access to what we consider free money, upto 50 days of an interest-free period. They also come with other benefits such as special discounts that the provider negotiates with local and international retailers; cashback rewards;…
22 March 2024
- Credit cards can come through for you this Easter holiday by providing financial flexibility and access to interest-free credit. Imagine shopping and travelling without worrying about cash shortages or enjoying discounts and perks when dining out with…
22 March 2024
- NAIROBI, Kenya, Mar 22 – The private sector, government and international organizations have reiterated that Africa needs to attract more private sector finance in order to bridge its climate finance gap. They made the remarks during a two-day meeting…
22 March 2024
- Insurance is an important tool for protecting your family financially, but it should not be the only one. It's essential to have a diversified financial plan that includes other investments such as liquid assets that can be easily converted into cash…
22 March 2024
- How much of your salary do you save? How do you keep yourself in check? These are important questions in the journey to financial freedom. Saving often feels like an easy thing but for some people, it is painfully elusive. However, the Absa digital…
22 March 2024
- A home insurance cover is a basic investment for any homeowner keen on protecting their wealth and preventing things that are out of their control from derailing their financial growth journey. Not only does it protect the physical structure, but it…
22 March 2024
- LONDON, United Kingdom, Mar 22 – Junior doctors in England will continue their industrial action over a long-running pay dispute for the next six months after an overwhelming vote in favor of more strikes. Doctors’ representative body the British…
22 March 2024
- NAIROBI, Kenya, Mar 22 – Samsung is arguably one of the most popular electronics brands, and its popularity in Kenya has been growing for years. The South Korean company, which sells high-end smartphones and home appliances, among others, was recently…
22 March 2024
- The Competition Authority of Kenya (CAK) has issued a stern warning regarding the rise of impersonators defrauding businesses across the country under false pretences.
22 March 2024
- One of the biggest reasons why logbook loans are popular in Kenya is because of the incredibly fast speeds in which funds can be accessed. Many logbook loan providers in Kenya, given the right circumstances, say they can disburse a loan in less than…
22 March 2024
- If you are already in business, there may be many instances where you may have missed out on a profit-making opportunity because you didn't have the cash needed to facilitate the transaction. Avenews allows you to borrow the working capital and…
22 March 2024
- Everyone finds themselves cash-strapped once in a while. It can happen for multiple reasons, including an unexpected expense that disrupts your budget to a delayed salary that leaves you broke. In such situations, you will likely need some credit.…
22 March 2024
- Digital loans are short-term debt products you can access directly from your phone through an app, website, or USSD. Digital Credit Providers (DCPs) offer loans with an average repayment period of 30 days. Today digital loans are the preferred…
22 March 2024
- Digital loans are easily accessible, but this doesn’t mean you should borrow blindly. Before applying, ensure you have a solid repayment plan to avoid default which can hurt your creditworthiness. Second, ensure that you practice mindful borrowing;…
22 March 2024
- While Saccos have the advantage of opening up your access to credit and dividends on shares and relatively higher interest on savings than savings accounts, I learned the hard way how liquidity is a major factor in taking advantage of quick…
22 March 2024
- Managing your finances can be challenging, especially when facing unexpected expenses. One way to deal with these financial hiccups is to take the financing route, and two popular choices are credit cards and digital loans. While both options can…
22 March 2024
- Taking out a mortgage is a significantly life-changing financial commitment that requires careful consideration and preparation. Preparation allows you to understand the steps involved and mistakes to avoid, increasing your chances of approval.
22 March 2024
- Saving is an act of paying yourself first because it involves safeguarding your future. It is recommended to always set aside a portion of your income as savings as the very first thing you do whenever you get paid.
22 March 2024
- Four months into 2023, it is important to reflect on the resolutions you made at the start of the year. This is particularly important in your personal finance journey because what gets measured, often gets done. Plus, in this article we show you how…
22 March 2024
- Smartphone financing is now available in Kenya. With a deposit as low as Ksh3,000 and instalments as low as Ksh550 per week, you can get the smartphone your side hustle or lifestyle needs without having to part with the full amount all at once. The…
22 March 2024
- The Mogo smartphone loan allowed me to upgrade to the Samsung A54 256GB for only Ksh2,000 in weekly installments. Luckily, the upgrade brought about better fortunes, my sales increased since my products were accompanied by great photos. My life has…
22 March 2024
- Do you remember your childhood dream career? I vividly remember mine, including the unfortunate events that separated me from the career I had dreamt of for more than 15 years. From a young age, I wanted to become a pilot. It wasn't a particularly…
22 March 2024
- One factor that makes agribusinesses quite lucrative is the fact that the end product - whether it is avocadoes, fruits, milk or even meat - is almost attached to human existence. In other words, people will always eat, regardless of the season or the…
22 March 2024
- Mogo smartphone financing allows you to own a smartphone through a small installment followed by weekly installments. For the Tecno Spark 10 Pro, the weekly installment is only Ksh750 over a period of 52 weeks. The deposit needed to acquire the Techno…
22 March 2024
- FlashPesa is one of the few digital lenders in Kenya that have a clear loan limit growth process that is standard for all borrowers, it has a relatively competitive interest rate and employs dedicated customer relationship managers that customers say…
22 March 2024
- Since March 1st, I have been a proud owner of a Techno Spark 10 C. I not only started a new year, but I also began a stress-free lifestyle after saying goodbye to the stress of having my kids face embarrassment because of mistakes in their CBC…
22 March 2024
- What is more? The FlashPesa team has exceptional customer service. I have a dedicated relationship manager, Winnie, who is always offering me tips on new products, loyalty programmes, and ways to increase my limit. I have never gotten a spam call or…
22 March 2024
- The Nokia C31 is available across various retailers in Kenya. There are also various ownership options you can choose from. If you currently do not have the full amount to make an outright cash purchase, the Nokia C32 is available through the Mogo…
22 March 2024
- The Samsung A04 is available through the Mogo smartphone loan. To buy the phone through financing, you will be required to make a minimum down payment of Ksh4,000. You will then receive the smartphone and complete the payment by making weekly…
22 March 2024
- The Absa Digital Savings Account has an accessibility advantage, no fees or penalties, and can help you save towards your financial goals. This makes it attractive as a saving vehicle as you are guaranteed easy access to your money during emergencies…
22 March 2024
- The Absa Digital Savings Account offers a 9% interest rate per annum, which accrues daily and compounds monthly. So, with Ksh37,700 monthly savings, you would have deposited a total of Ksh904,800. However, the total amount in your account would be…
22 March 2024
- With my customized approach, I successfully allocated 30% of my salary –which amounts to Ksh 30,000 – towards my car fund. And I made sure to prioritize paying myself first before allocating funds elsewhere. Now, to cover the remaining Ksh20,000, I…
22 March 2024
- The FlashPesa Digital loan also stands out because of its predictable and transparent loan limit growth process. As the loan limit increases, the service fee charged by FlashPesa reduces. Every customer who qualifies for the FlashPesa Digital Loan…
22 March 2024
- Given the prevailing economic environment in which many consumers are having to make tough spending decisions, we understand the growing need to manage expenses and make purchases without straining one’s wallet. That’s why we’re excited to launch our…
22 March 2024
- I learnt I was going to be a father just after my 26th birthday, I had no savings and I had to teach myself to develop a savings habit. I learnt of various budget rules, including the frugal minimalist rule that I initially used while we were waiting…
22 March 2024
- July 31st will mark the end of 15 months since I started this savings journey. It will also be the second month when I will be earning interest under the revamped Absa Digital Savings account. After the monthly interest is paid out, I will have about…
22 March 2024
- The pregnancy was going well, until one day, during a routine prenatal scan, the doctor announced that we were going to have not just one, but two bundles of joy! The news came with mixed emotions. There was the joy of knowing we were going to have a…
22 March 2024
- On June 30, 2023, Absa Bank Kenya launched a BNPL service for credit card customers. It is the first BNPL credit card to be offered exclusively by a Kenyan commercial bank. Christened “Buy Now Lipa Pole Pole”, the Absa BNPL service allows credit card…
22 March 2024
- We open from Monday to Saturday and close on Sundays. The daily revenue comes to a minimum of Ksh5,500 between Monday-Friday. On Saturdays, we make about Ksh3,000 - on average. This comes to Ksh30,000 a week and if all goes well, Ksh120,000 in monthly…
22 March 2024
- To prevent your money from losing its purchasing power, you need to save it in an interest-bearing account that pays higher interest than the inflation rate. Since the inflation rate is 7.28%, your savings account should earn you interest equal to or…
22 March 2024
- If the total value of the monthly sales of your business is at least Ksh100,000, then you may be interested in the Shara Unsecured Revolving Working Capital Loan that is tailored for small and growing businesses that need instant working capital…
22 March 2024
- Typically, you should save the equivalent of three to twelve months of your monthly expenses as emergency funds, depending on your financial needs and job security. This money is meant to prevent you from digging into your savings or going into debt…
22 March 2024
- I graduated with a bachelor’s degree in science in December 2019, three months after I landed my first job. I sat my final exams in July 2019. A day after starting my final exams, I got an email from a human resource officer at a food manufacturing…