Question 1

What is Kashbean and how does it work?

Accepted Answer

Kashbean is an Android mobile lending app for Kenyan residents that provides unsecured personal and micro business loans, applied for entirely online and disbursed directly to your M-PESA account, typically within minutes once approved. You download the app, register with your M-PESA number, apply for a loan within your eligible limit and chosen term, then repay through M-PESA (Paybill 196184 or M-PESA Express in the app) over 91 to 365 days.

Question 2

How much does Kashbean cost?

Accepted Answer

Kashbean is a paid lending service where you pay interest and fees on the loan amount you borrow. The Google Play listing states a maximum APR of 36% per year and provides example repayment calculations, but the exact fees depend on your specific loan offer.

Question 3

What countries does Kashbean operate in?

Accepted Answer

Kashbean currently operates in Kenya and serves Kenyan residents only. Loans are disbursed and repaid via M-PESA, which is a Kenyan mobile money service.

Question 4

How do I sign up for Kashbean?

Accepted Answer

To sign up, download the Kashbean Android app from Google Play, install it on your phone, then register using your M-PESA mobile number and basic personal details. Once your profile is set up, you can submit a loan application in the app if you are a Kenyan resident aged 18 to 60 with a stable source of income.

Question 5

Does Kashbean have a mobile app?

Accepted Answer

Yes, Kashbean has a mobile app for Android, available via the Google Play Store. There is currently no documented iOS or desktop app.

Question 6

Who is Kashbean best suited for?

Accepted Answer

Kashbean is best suited for individual consumers in Kenya, both employed and self employed, who need short to medium term unsecured loans for unplanned personal expenses or small business and cash flow needs. It is intended for residents aged 18 to 60 with a stable income who are comfortable borrowing and repaying via M-PESA.

Question 7

How do I contact Kashbean support?

Accepted Answer

You can contact Kashbean support by email at help@kashbean.co.ke or bob.liu@kashbean.co.ke, and through telephone or WhatsApp using the contact options provided in the app and on the website. Live chat is also available within the app and on the website for real time assistance.

Question 8

Does Kashbean have a plan for teams or businesses?

Accepted Answer

Kashbean does not offer a specific team or business plan and is designed primarily for individual borrowers. Small business owners can still apply as individuals for micro business and personal loan needs.

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