How USSD banking is shaping loan acquisition in Kenya

Ussd banking offers offline banking solutions to access and make mobile financial transactions

Mobile lending has been on the rise with approximately 4 in every 10 Kenyans acquiring a loan as of 2022.As a result leading to the increase and refinement of mobile loan services and a rise in ussd banking.

In this article we will dive into what USSD banking is and a variety of USSD codes Kenyans use to acquire loans.

What is USSD banking

USSD banking offers offline banking solutions for an individual to access and make mobile financial transactions. In addition to this in the case that there is no internet connection one can use a banking code to retrieve their details or even get loans.

USSD loans

USSD loans are basically loans one can acquire from a loan service by the use of a USSD code. In order to get a USSD loan in Kenya an individual needs to identify a lender , meet their requirements so as to get the necessary ussd code.

30 USSD codes for Loans

1.Sotiwa -*243*90#

2.MyCredit - *322#

3.Standard Chartered Bank - *722#

4.SMEP Microfinance Bank- *741#

5.Commercial Bank of Africa - *654#

6.Consolidated Bank- *262#

7.Diamond Trust Bank- *385#

8.Equatorial Commercial Bank- *286#

9.Equity Bank of Kenya- *247#

10.Extend Money Services- *676#

11.K-Rep Bank- *527#

12.Kenya Women Finance Trust- *378#

13.Musomi Microfinance Institution- *279#

14.Maisha Bank- *281#

15.National Bank- *625#

16.NCBA Bank- *654#

17.Ndege Chai Sacco- *882#

18.NIC Bank Limited- *488#

19.Kopa doh- *610#

20.Sotiwa- *243*90#

21.Paddy Micro Investments- *269#

22.Telkom- *133#

23.Pi Capital Ltd- *879*99#

24.Premier Credit- *241#

25.Stanbic Bank- *208#

26.Chase Bank of Kenya- *275#

27.NIC Bank Limited- *488#

28.Ndege Chai Sacco- *882#

29.Safaricom/NCBA/KCB Bank- *234#

30.Gulf Africa Bank- *399#

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Nancy Njeri
January 19, 2023

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