PesaPap is a mobile loan and banking application developed by Family Bank Kenya to simplify financial transactions while providing instant access to credit. PesaPap transforms the conventional banking experience by creating a digital wallet your mobile number becomes your wallet number allowing you to process payments, pay bills, and even apply for loans without needing to maintain a physical bank account. Designed to empower users by offering easy transitions between digital banking and mobile lending, PesaPap loans typically cater to amounts suited for day‑to‑day emergencies and small purchases.
Key Features of PesaPap
Instant Digital Wallet: Register and create a virtual wallet using your mobile number, which acts as your unique account identifier.
Quick Loan Approvals: Once registered, you can access loan applications with clearly defined limits, and if approved, the funds are credited directly to your wallet.
Convenient Bill Payments: Beyond loans, PesaPap allows you to pay utilities (such as water, electricity, DSTV, and more) directly from your wallet.
Multi–Channel Access: Use the PesaPap mobile app or dial the USSD code (*325#) to access the platform making it accessible on both feature phones and smartphones.
Transparent Digital Process: With real‑time credit scoring and a paperless process, you receive complete disclosure on interest rates and fees.
No Need for a Physical Account: PesaPap enables non‑account holders to engage in digital banking, broadening access to financial services.
Eligibility Criteria
To qualify for a PesaPap loan, you should:
- Be a Kenyan resident with a valid mobile phone number.
- Possess either an active Family Bank account or simply create a PesaPap wallet using your phone.
- Provide basic personal information for digital identity verification.
- Have a minimal credit history; PesaPap’s credit scoring system relies on your mobile transaction data.
How to Register and Apply
Download the PesaPap App: Available from both Google Play Store and Apple App Store, install it on your smartphone, or use the USSD code *325# on feature phones.
Create Your Digital Wallet: Open the app and register by entering your mobile number, setting an m‑PIN, and verifying your identity.
Access the Loan Section: Once your wallet is active, navigate to “My Loans” to check your loan limit and view available loan products.
Request a Loan: Enter the desired amount (within your credit limit) and submit your application. The app runs a quick credit check and, if approved, transfers the funds directly to your wallet.
How to Repay
Your PesaPap Loan Repayment is straightforward:
Via M‑Pesa: Use “Lipa na M‑Pesa” by entering Family Bank’s paybill number and your mobile number as the account number.
Through the App: Log in and follow the repayment instructions provided in the loan section to ensure a smooth clearing process.
Additional Tips and Benefits
Monitor Your Wallet Activity: Use the in‑app dashboard to track transactions, loan balances, and repayment history.
Build a Positive Credit Record: Timely repayments will not only help avoid penalties but also increase your future borrowing limit.
Explore Additional Services: PesaPap offers features such as savings plans, bill payments, and transfers; making it a holistic digital banking solution.