Haraka Loan – review 2026
Pros
- Accessible to informal-sector and self-employed borrowers without payslips
- Fast, fully digital application and M-Pesa disbursement
- No collateral required to apply
- Licensed and supervised as a Digital Credit Provider under CBK rules
Cons
- Loan limit is capped at a relatively modest amount
- Short repayment tenor increases the effective cost of borrowing
- Not a bank, so standard deposit protections do not apply
Haraka is a Nairobi-based mobile lending application, operated by Four Innovation Hub Limited, offering instant unsecured loans to Kenyan borrowers. It is registered as a digital credit provider (DCP) under the Central Bank of Kenya's Digital Credit Providers Regulations, 2022, which govern app-based, non-deposit-taking lenders operating in Kenya. Haraka is a credit-only fintech, not a bank, and does not hold customer deposits.
The app offers loans of up to roughly KES 20,000, assessed using smartphone data and the applicant's M-Pesa transaction history rather than a formal payslip-based underwriting process. This makes Haraka accessible to informal-sector workers and self-employed borrowers who may not have traditional proof-of-income documents.
Fees and Eligibility
As a licensed DCP, Haraka must disclose the total cost of the loan before disbursement and is subject to CBK conduct rules on debt collection practices. Because loan limits are relatively small and tenors short, borrowers should treat Haraka as a short-term bridging facility rather than a source of larger or long-term financing.
Requirements
- National ID
- Registered M-Pesa line
- Minimum age 18 years
- Smartphone with the Haraka app installed
- M-Pesa transaction history for credit assessment
Provider contacts
- Name
- Four Innovation Hub Limited (trading as Haraka)
- Address
- Nairobi, Kenya
- Reg. number
- CBK/DCRP/2022/010
- Website
- https://getharaka.com
- Online application
- Apply now →
- Regulator
- Central Bank of Kenya (CBK)
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.