Frequently Asked Questions
Everything you need to know about applying for and repaying a loan with Pesa Mkononi.
Frequently asked questions
Find quick answers about borrowing with Pesa Mkononi. We've compiled answers to the most frequently asked questions right here.
Contact supportWhat is Pesa Mkononi?
Pesa Mkononi is an online loan app in Tanzania that provides instant loans of up to 800,000 TZS, sent directly to your mobile money wallet with fast approval and a simple application.
Who can apply for a loan?
You must be 18 years or older, have a stable income (employed or self-employed), a valid phone number linked to a mobile wallet (M-Pesa, Airtel Money, Tigo Pesa or HaloPesa), and a national ID for identity verification.
How much can I borrow and for how long?
Loan amounts go up to 800,000 TZS. The minimum loan period is 91 days and the maximum is 180 days. The Annual Percentage Rate (APR) is 36%.
How fast will I receive the money?
After your application is approved, funds are sent straight to your mobile money wallet within minutes. Approval itself usually takes just a few minutes.
How do I repay my loan?
You repay through your mobile wallet within your chosen term. Repaying on time improves your credit score, helping you access higher limits and better terms. If you need more time, you may be able to extend your repayment.
Get cash with Pesa Mkononi today
Download the app, apply in minutes and receive funds straight to your mobile wallet. Borrow with confidence — anytime, anywhere.