Kashway Loan App Shut Down in Kenya: What Happened and 5 Reliable Alternatives for 2025

If you’ve recently tried to download or use the Kashway loan app, you might have discovered it’s no longer available. This has left many Kenyans searching for answers and alternatives. In this article, we’ll dive into why Kashway closed down, explore what this means for borrowers, and recommend 5 trusted loan apps you can use in 2024. Also, you can get alternative ways of applying for an mpesa loan here.

Why Did Kashway Disappear?

Kashway was once a popular choice among mobile loan apps in Kenya, offering quick and convenient loans through M-Pesa. However, the app has since been removed from the Google Play Store, leaving users in the dark. Here are the main reasons behind its shutdown:

1. Tighter Regulations: The Central Bank of Kenya (CBK) has been cracking down on digital loan apps to protect consumers from high-interest rates and unfair practices. Many apps, including Kashway, failed to meet these stricter requirements.
2. Fierce Competition: The mobile lending market in Kenya is crowded with apps like Branch, Tala, and Okash. Kashway may have struggled to keep up with the competition, losing its user base over time.
3. User Dissatisfaction: Some borrowers complained about hidden fees, high-interest rates, and poor customer service. These negative experiences likely damaged Kashway’s reputation.
4. Operational Issues: Running a mobile loan app isn’t easy. Kashway may have faced technical or financial challenges that made it impossible to continue operating.

What Are the Best Alternatives to Kashway?

If you’re looking for a reliable online loan app in Kenya, don’t worry—there are plenty of great options. Here are 5 top alternatives to Kashway that you can trust in 2025:

1. Branch
   Branch is a leading mobile loan app in Kenya, offering loans of up to KES 70,000. It uses your phone data to assess your creditworthiness, making the application process quick and easy.
2. Tala
   Tala is another excellent choice for instant loans. It provides loans ranging from KES 500 to KES 50,000 and uses your financial behavior to determine your eligibility.
3. Okash
   Okash is a user-friendly digital loan app that offers short-term loans of up to KES 50,000. Its flexible repayment terms make it a popular choice for many Kenyans.
4. Zenka
   Zenka is perfect for small, quick loans. You can borrow up to KES 20,000 and repay within 30 days. Plus, it helps you build your credit score over time.
5. M-Shwari
   M-Shwari, a product of Safaricom and NCBA Bank, is one of the most trusted M-Pesa loan apps. It offers loans from KES 100 to KES 50,000, making it a reliable option for many.

How to Choose the Right Loan App

With so many mobile lending apps in Kenya, it’s important to pick one that suits your needs. Here are some tips to help you decide:

• Compare Interest Rates: Look for apps with fair and transparent rates.
• Check Repayment Terms: Ensure the repayment period works for your budget.
• Read Reviews: User feedback can reveal a lot about an app’s reliability.
• Verify Licensing: Always choose apps licensed by the CBK to avoid scams.

Final Thoughts

The discontinuation of the Kashway loan app may have come as a surprise, but it’s not the end of the road for borrowers. There are many best loan apps in Kenya that offer similar or even better services. Whether you need a small emergency loan or a larger amount, apps like Branch, Tala, Okash, Zenka, and M-Shwari are excellent alternatives.

Remember, borrowing money is a serious responsibility. Always read the terms carefully, borrow only what you need, and ensure you can repay on time. By choosing the right digital loan app, you can meet your financial needs without stress.