M-Pesa Taasi Till Loan is a credit facility provides short-term financing solutions to help small and medium enterprises (SMEs) maintain cash flow, complete transactions, and keep their businesses operational during challenging financial periods.
It provides a 7, 14, and 30-day loan facility for Lipa Na M-PESA Buy Goods Partners using Business Till functionality. The loan amounts range from Ksh 1,500 to Ksh 250,000, making it accessible to businesses of various sizes.
Key Benefits
The Taasi Till Loan offers several advantages to business owners:
Business Continuity: The loan helps keep merchants' businesses open and afloat during cash flow challenges.
Quick Access to Credit: Merchants can access affordable credit rapidly to complete urgent transactions and maintain business operations.
Network Growth: The facility contributes to the growth of merchant networks by providing financial support when needed.
Seamless Operations: It enables seamless payments among merchants within the M-Pesa ecosystem.
Eligibility Requirements
To qualify for the M-Pesa Taasi Till Loan, merchants must meet specific criteria:
Primary Requirements
- Active Business Till: Merchants must be using M-PESA Business Till product that settles funds collected to their nominated M-PESA account
- Minimum Activity Period: The till must have been active on Lipa Na M-PESA for a minimum of 3 months (90 days)
- Account Settlement: All funds collected in M-PESA tills must be settled to the merchant's M-PESA account
- Business Till Activation: The Business Till functionality must be properly activated
Additional Conditions
- One Loan Policy: A merchant can only apply for one loan per till per store at a time
- Nominated Number Access: Merchants must use their registered nominated numbers to access the service
- Active Till Status: Only active tills are eligible for the loan facility
