According to data from the Central Bank of Kenya (CBK), licensed digital lenders have disbursed Ksh. 109.8 billion across more than 6.6 million loans in the first 11 months of 2025,
Mobile-first lending platforms are now a central part of how many Kenyans access quick financing, particularly outside traditional banking hours and physical branches.
Mobile loans are designed for speed and convenience. Approvals are instant and disbursement is done through USSD and mobile apps. This accessibility has made them attractive to informal traders, gig workers and salaried employees who want short-term liquidity.
Against this backdrop, Faulu Bank has expanded access to instant mobile loans. They now allow eligible customers to borrow up to Ksh. 100,000 directly via their mobile phones. Customers can access the loans by dialling *339# USSD code or the Faulu DigiCash mobile app. If the funds are approved, they are disbursed immediately and repayments is managed through the app.
The bank targets traders, salaried workers and non-salaried customers.
“Customers are increasingly demanding financial services that fit into their daily lives,” said Julius Ouma, Chief Executive Officer at Faulu Bank, noting that speed, convenience, and accessibility are now core expectations rather than optional features in financial services.
CBK’s latest figures show the scale of Kenya’s digital lending market. This market has been expanding following the introduction of licensing requirements aimed at improving consumer protection and sector oversight.
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