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Opera enters the mobile micro loan market in Kenya through its Okash App - 13 Mar 2018 16:42

Kennedy Kangethe

he group through, its Fintech Company OPay, says the OKash app will now be available to Android smartphone users. OKash will give users access to microloans for an interest rate of one percent per day and a loan term of a maximum of 14 days. In a statement, OPay says users with timely and consistent repayment behavior can apply for a single loan up to Sh500,000  at a total interest of 5 percent. Users with timely and consistent repayment behaviors can apply for a single loan up to Sh500,000 at a total interest of 5 percent. “We know that there are more than 20 million people in Kenya who use loans actively every day and we want to give them a high-end product with an exceptional user experience to make their life more comfortable when applying for and making payments with loans,” Eddie Ndichu, FinTech Manager for Opera in Kenya said. Users ...
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