OPesa is an Android application that offers short-term loan services in Kenya. There are financial solutions available for many people who do not have access to traditional banking credit.
Short-term loans
This is a mobile loan app originated in Kenya. It offers its customers short-term credits that can be repaid in as little as a month. The loans are typically small in size and intended to meet the immediate financial needs. Thus, providing help for those individuals who do not have access to traditional banking credits.
Similar to the ones on Tala Loan, the interest rates on OPesa are relatively high compared to standard banking credits. Still, they are lower than those charged by many other loan apps in Kenya. Their size depends on the amount you borrow and your repayment plan. There is also a one-time processing fee of 10 percent. You can extend your repayment period for an additional charge as well.
Application process
The loan application process of OPesa is relatively simple and fast. You can apply for credit by filling out a form within the app. The utility uses advanced algorithms and data analysis to determine your creditworthiness. The loans are then sent to your account a few minutes after the approval.
Features
- a Kenyan platform that provides loan services;
- is available for those who do not have access to traditional credits;
- you can quickly apply and get money to your account;
- app is free to download and use;
- compatible with current Android versions.
