Civil Servant Loans in Kenya
Civil Servant Loans in Kenya are financial products tailored specifically for government employees, offering favorable terms to help them manage […]
Personal finance
Loans without security in Kenya today
In Kenya, loans without security or unsecured loans have become a popular option due to their convenience and accessibility. These
Finding the Right Loans App in Kenya for Your Financial Needs in 2024
In recent years, the financial landscape in Kenya has experienced a significant transformation, largely driven by the rapid adoption of
how to pay salary advance loan
Navigating through the process of paying for a salary advance loan can be straightforward if you’re equipped with the right
Introduction to Interest Rates and Their Importance in the Economy
Interest rates are pivotal to the economic landscape, serving as the price of money and a key determinant of borrowing
Race to Financial Freedom: 9 Habits to Get You There
Achieving financial freedom is a journey that requires discipline, commitment, and smart financial habits. Here are nine habits to help
6 reasons why you should hire a professional financial planner
Navigating the complexities of personal finance can be daunting, particularly as financial landscapes evolve and individuals face increasingly diverse investment
7 things you need to know about Fixed Deposit Accounts in Kenya
commonly known as an FD account, is a type of savings account offered by banks and financial institutions. In a fixed deposit account, customers deposit a certain sum of money for a specified period, at a fixed interest rate.
5 indicators you are deep in debt
Being in constant debt poses a multifaceted challenge that extends beyond financial strain, impacting emotional well-being, and future prospects. High-interest
Why your loan repayment plan should be a priority in 2024
In a world dominated by debt, prioritizing loan repayments is crucial. It alleviates financial stress by boosting credit scores and enabling personal and professional growth. Managing loan payments efficiently helps achieve long-term goals like home ownership, entrepreneurship, and comfortable retirement. Additionally, a thorough repayment plan battles interest rates, prevents late fees, and fortifies against economic downturns, securing a stable financial future and empowering you as the ultimate financial superhero.
The Benefits of Taking a Payday Loan When You Need Cash for Your Business
In the dynamic and often unpredictable world of business, having access to quick and reliable sources of cash is crucial for maintaining operations and seizing opportunities. One financial tool that has gained both popularity and controversy is the payday loan.
Buying school supplies Now will be the best decision you’ll ever make. Here’s why
I have a secret that will get you out of the impending jam and since I care about you, I’ll let you into it. OK, listen (or read) carefully. To avoid all the hassle that comes with January shopping, buy your school supplies now
Types of check-off loans
In Kenya, check-off loans are a type of loan provided by an employer to an employee, with the loan payments
The Good, the Crazy, and the Weird of lending to family and friends
This informality is sometimes necessitated by the idea that lending folks we know, is better for reasons known only to psychology and Advanced Economics. At other times, though, ni kwa sababu wako CRB and thus banks, for a lack of a better word, hate them
Tips to Help You Start Saving For Memorable Holiday in 4 Months
As the year winds down, many of us look forward to the joyous holiday season. However, it can also be
5 SIMPLE Tips To Help You Survive The Soaring High Cost of Living in Kenya
Living in Kenya has become an expensive affair, especially with the rising costs of housing, transportation, and food. In 2023,
Investing vs. Saving: Which one can help you achieve your financial freedom?
In today’s fast-paced world, financial stability is a top priority for many individuals. When it comes to managing our money,
“I had 12 loan Apps” – TV host shares her experience borrowing money from digital lenders
According to a survey conducted by the Kenya National Bureau of Statistics, more than 80% of Kenya’s adult population uses
5 IMPORTANT Rules To Consider While Lending Money To Family And Friends
When your relatives or friends are struggling financially, lending money to them can be a kind gesture. However, it can
Simple ways to avoid defaulting on your loan
When a lender gives you a line of credit, they also have a set of checklist to see that you are not likely to default on your loan. It’s a system designed to warn the lender early on so that they can take the necessary steps to ensure they don’t lose their repayments
Declined Loan Application? What you should know and what to do about it
Have you tried to apply for a line of credit and it was denied by your lender? Sometimes it’s not always obvious what you did wrong for your credit to be declined.
How to become financially stable in 7 proven steps
One of the biggest roadblocks to financial stability is high levels of debt. To reduce your debt, you’ll need to focus on paying off high-interest loans first, such as credit card debt.
Debt Management
Debt management in Kenya refers to the strategies and practices used by individuals, businesses, and government agencies to manage and reduce their debt
Dealing with a Loan Default
A loan default occurs when a borrower fails to repay a loan according to the terms agreed upon in the loan agreement.
Loan Collateralization
what is a collateralized loan? Usually, when applying for a loan you personally guarantee its repayment in full. This includes
Bank Alternatives for Small Enterprises in Kenya
These alternatives have been designed to cater to the specific needs of small enterprises and have been instrumental in providing financial services to low-income populations and small enterprises in Kenya
Five Financial Apps you should use to increase your savings
Digit is a savings app that automatically saves small amounts of money from your checking account into a savings account.
How to beat the recession
with the current economic headwinds in Kenya, a recession is inevitable. A recession is a period of economic decline characterized
Tips to stop living payslip to payslip
living paycheck to paycheck can make it difficult to build financial security and prepare for the future and can create stress and financial instability.
Helapesa Recommendation: Stay Safe While Banking Online
Online banking has become an essential part of our lives, providing us with the convenience of managing our finances from the comfort of our own homes. However, with the growing popularity of online banking come increased security risks. As a result, it is crucial that we take the necessary steps to stay safe while banking online
SECURED LOANS
Kenya’s finance sector offers a lot of loan products. Secured loans are those that have collateral—an asset the debtor promises
What you should know about Identity theft in Kenya
Phishing scams are one of the most common ways that identity theft occurs. Criminals send emails or messages that appear to be from a legitimate source, such as a bank or government agency, asking for sensitive information such as passwords or credit card numbers.
Helapesa Recommendation: Create a Saving culture from your pay slip
Creating a saving culture from one’s pay slip is essential for achieving financial stability and security. A saving culture is
Why you need to start on your long-term saving today
Saving culture in personal finance is the practice of setting aside a portion of one’s income for future financial needs and goals. It is an important aspect of managing personal finances and it is encouraged in many cultures to develop a sense of financial stability and security.
Helapesa Survival Guide: How to raise your CRB status in 6 Months
It is an organization that maintains a database of credit information on individuals and businesses. The information includes credit history, loan repayment history, and other details that may be relevant to a lender when assessing a loan application.
How to be smart about spending for the next six month
Breaking bad spending habits is also an important step in being smart about spending. Bad spending habits can include things like impulse buying, overspending on non-essential items or not shopping around for the best deals.
Hela Pesa Survival Guide: How to create an aggressive saving plan and sticking to it
Setting clear and measurable goals is crucial for creating an aggressive saving plan. This means identifying specific, time-bound, and realistic goals
Saving Challenge 2024: How you can save money in the new year
Are you tired of watching your hard-earned money slip through your fingers each month? Then I think it’s time to
Borrowing like a Pro: Tips to help you secure loans
A pro borrower, therefore, takes in this information and comes to the understanding that loans are more than just monetary, they’re emotional
Personal finance institutions in Kenya
Kenya has come far from getting credit from a bank that was only accessible in large urban areas. Now you
How to improve your credit rating in 2023
Having a good credit score is important for a variety of reasons, including making it easier to obtain loans and
Hela Pesa Survival Guide: How to stop wasteful spending
Wasteful spending can be a major drain on your finances, leaving you with less money to save or spend on
Unsecured Loans
Traditionally, well-to-do individuals were the ones who had access to loans to either expand their big businesses or build a
6 Factors that Affect Loan interest rate in Kenya
Interest rates play a crucial role in the economy, as they affect the cost of borrowing and can influence economic
10 tips to help you control your debt
Debt can be overwhelming and often feels like a never-ending cycle of payments and interest. I know this feeling all
Potential risks and consequences of defaulting on a loan in Kenya
Defaulting on a loan payment can have significant consequences for both the borrower and the lender. It can lead to
Types of check-off loans
In Kenya, check-off loans are a type of loan provided by an employer to an employee, with the loan payments
Simple financial tips to keep in mind this festive season
Skills You Need talks of personal finance as involving being aware of your position financially and then undertaking steps to ensure that you have meaningful outcomes that you can be proud of in the end.
Check Off Loan
What is a check-off loan? A check off loan is a type of loan provided by an employer to an
How to Apply for a Loan in Kenya
Applying for a personal loan in Kenya can be a useful way to borrow money for a specific purpose, such