Applying for Ziidi Money Market Fund is designed to be quick, paperless, and accessible to all M-PESA customers. Unlike traditional investment products that require physical paperwork, bank visits, or complex procedures, Ziidi allows you to complete your entire application from your mobile phone in minutes. This comprehensive guide provides detailed instructions on how to apply, what you need, and what to expect during the application process.
Eligibility Requirements
To apply for Ziidi Money Market Fund, you must:
- Be a registered M-PESA customer
- Have an active M-PESA account
- Be at least 18 years old
- Have a valid Kenyan identification document
Currently, Ziidi MMF is available only for individual investors. However, Safaricom has indicated that options for chamas (investment groups) and businesses will be introduced in the future.
How to Apply: Step-by-Step Guide
Safaricom offers two convenient methods to apply for and access Ziidi Money Market Fund:
Method 1: Using the M-PESA App (For Smartphone Users)
Step 1: Download the M-PESA App
- Visit your app store (Google Play Store or Apple App Store)
- Search for "M-PESA App"
- Download and install the application
Step 2: Log Into the App
- Open the M-PESA App
- Enter your M-PESA credentials to log in
Step 3: Navigate to Financial Services
- Once logged in, go to the "Financial Services" section on your M-PESA App home screen
Step 4: Select Ziidi
- Tap on the ZIIDI icon to begin your investment journey
Step 5: Complete the Opt-In Process
- Follow the on-screen prompts to register for Ziidi MMF
- You'll need to enter your M-PESA PIN to confirm your registration
- Provide next of kin details (this person can access your funds in case of incapacity, sickness, or death)
- Review and accept the terms and conditions
Step 6: Start Investing
- Once registered, you can immediately begin investing
- Transfer funds from your M-PESA wallet to your Ziidi account
- The minimum initial deposit is KES 100
Method 2: Using USSD Code *334# (For All Phone Types)
This method works on both smartphones and feature phones, making Ziidi accessible to everyone.
Step 1: Dial the USSD Code
- On your phone's dialer, enter: *334#
- Press the call button
Step 2: Select Financial Services
- From the menu that appears, select "Financial Services"
Step 3: Select ZIIDI
- Choose "ZIIDI" from the options presented to begin your investment journey
Step 4: Follow the Registration Prompts
- The system will guide you through the opt-in process
- Enter your M-PESA PIN when prompted
- Provide next of kin information
- Accept the terms and conditions
Step 5: Complete Your First Deposit
- After successful registration, transfer funds from your M-PESA wallet to Ziidi
- Minimum deposit: KES 100
Managing Your Ziidi Investment
Making Deposits
Via M-PESA App:
- Log into the M-PESA App
- Navigate to Financial Services > Ziidi
- Select "Deposit" or "Add Funds"
- Enter the amount you wish to invest (minimum KES 100)
- Confirm with your M-PESA PIN
Via USSD (*334#):
- Dial *334#
- Select Financial Services > Ziidi
- Choose "Deposit"
- Enter the amount
- Confirm with your M-PESA PIN
Withdrawing Funds
Withdrawals from Ziidi are instant and free:
Via M-PESA App:
- Log into the M-PESA App
- Go to Financial Services > Ziidi
- Select "Withdraw"
- Enter the amount (minimum KES 10)
- Confirm with your M-PESA PIN
- Funds appear immediately in your M-PESA wallet
Via USSD (*334#):
- Dial *334#
- Navigate to Financial Services > Ziidi
- Select "Withdraw"
- Enter withdrawal amount
- Confirm with your M-PESA PIN
Tracking Your Investment
Monitor your investment performance easily:
On the M-PESA App:
- Go to the Ziidi mini app homepage
- View "Investment Performance" section
- See your current balance, interest earned, and daily interest rate
Via USSD:
- Dial *334#
- Navigate to Ziidi
- Select "Check Balance" or "Investment Performance"
Understanding the Fund Lock Feature
Ziidi offers a unique "Lock Funds" feature to help with financial discipline:
How Fund Locking Works
- Lock any amount from your Ziidi wallet to prevent unplanned withdrawals
- No fixed period required – lock funds for as long as you need
- Top up your locked funds at any time
- No charges for locking or unlocking funds
- Locked funds earn the same interest rate as unlocked funds
How to Lock Funds
Via M-PESA App:
- Navigate to Ziidi mini app
- Select "Lock Funds"
- Enter the amount to lock
- Confirm with your M-PESA PIN
Via USSD (*334#):
- Dial *334#
- Go to Ziidi
- Select "Lock Funds"
- Enter amount and confirm
How to Unlock Funds
Important: You can only unlock the entire locked amount, not partial amounts.
- Navigate to Ziidi (via app or *334#)
- Select "Unlock Funds"
- Confirm the unlocking
- Funds become available in your Ziidi wallet after 72 hours
