Back to Africa Check

Scam! Ignore fake Facebook pages offering Kenya Women Microfinance Bank loans – for a 'fee'

Posts on Facebook pages with names like KWFT LOAN and KWFT online LOANS invite women to join the Kenya Women Microfinance Bank to get loans of KSh100,000 or more.

The posts are all poorly written, with almost identical wording.

“Join kenya women KWFT today and qualify for a loan of up to Ksh 100,000 ,within 10 minutes.With 6.0% interest rate p.a. No Paper Work, No Delays, Purely Online,” one reads.

“To apply kindly Submit your application, on our website.” They then provide a web link.

In July 2019 Africa Check exposed a scam set up by fraudsters posing as KWFT. These Facebook pages are also scams.

‘Membership fee’

The links don't go to the bank’s website. Instead, they lead to a series of Google Forms where you can supposedly apply.

You are promised that if your application is approved, you’ll get the cash almost immediately.

But first, you have to pay a “membership fee” via M-Pesa mobile money transfer. This is how the fraudsters get their money. Any request on Facebook for a "fee" to be paid via M-Pesa is a sure sign of a scam. 

‘Fraudulent activities on Facebook’

We emailed KWFT to ask if the Facebook loan offers were the real deal.

“KWFT wishes to warn the public about fraudulent activities on Facebook and social media being perpetrated purportedly in the name of the Institution,” the bank said.

“Online accounts calling themselves KWFT LOANS KE, KWFT Bank Loans Kenya, KWFT Online Loans or KWFT LOAN being circulated via the Facebook social media platform and from internet websites are fraudulent, falsely stating that they are issuing loans in association with KWFT.” – Grace Gichuhi


Republish our content for free

We believe that everyone needs the facts.

You can republish the text of this article free of charge, both online and in print. However, we ask that you pay attention to these simple guidelines. In a nutshell:

1. Do not include images, as in most cases we do not own the copyright.

2. Please do not edit the article.

3. Make sure you credit "Africa Check" in the byline and don't forget to mention that the article was originally published on

For publishers: what to do if your post is rated false

A fact-checker has rated your Facebook or Instagram post as “false”, “altered”, “partly false” or “missing context”. This could have serious consequences. What do you do?

Click on our guide for the steps you should follow.

Publishers guide

Africa Check teams up with Facebook

Africa Check is a partner in Meta's third-party fact-checking programme to help stop the spread of false information on social media.

The content we rate as “false” will be downgraded on Facebook and Instagram. This means fewer people will see it.

You can also help identify false information on Facebook. This guide explains how.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
limit: 600 characters

Want to keep reading our fact-checks?

We will never charge you for verified, reliable information. Help us keep it that way by supporting our work.

Become a newsletter subscriber

Support independent fact-checking in Africa.