Pochi La Biashara is a business wallet service that allows small business owners such as food vendors, kiosk owners, boda-boda operators, secondhand clothes dealers, and other micro-entrepreneurs to receive and separate business funds from personal funds on their M-PESA line.
Key Features of Pochi La Biashara
- Fund Separation: Enables business owners to separate business and personal finances
- Direct Withdrawals: Customers can withdraw funds directly from Pochi account at agents
- Business Payments: Use Lipa Na Pochi to pay business PayBills and Buy Goods
- Airtime Sales: Sell airtime from Pochi wallet and earn 5% commission
- Account Management: Access mini statements and account management features
M-Pesa Taasi Pochi Eligibility Requirements
To qualify for M-Pesa Taasi Pochi, applicants must meet specific criteria:
Primary Requirements
- Active Pochi Wallet: Must have an active Pochi La Biashara account
- Minimum Activity Period: Pochi wallet must have been active for more than six months
- M-PESA Registration: Must be registered for M-PESA services
- Identity Verification: Must provide valid National ID or Passport number
Available Loan Options
Loan Amounts
The Taasi Pochi facility offers flexible loan amounts:
- Minimum: KES 1,000
- Maximum: KES 250,000
- Determination: Based on transaction history and creditworthiness
Repayment Periods
Three flexible repayment options are available:
- 7-Day Loan: Ultra-short term for immediate cash flow needs
- 14-Day Loan: Bi-weekly repayment cycle
- 30-Day Loan: Extended monthly repayment period
Interest Rates and Fees
Interest Rate Structure
The interest rates are applied once at the beginning of the loan term:
- 7-Day Loan: 3.85% of the principal amount
- 14-Day Loan: 4.71% of the principal amount
- 30-Day Loan: 6.41% of the principal amount
Additional Fees
- Access Fee: 2.76% of the principal amount (one-time charge)
- Penalty Fee: 1% per day for up to 7 days in case of default
- Processing: No additional processing fees
