MkopoPoa is an app for online cash funds for all citizens, with a credit limit of up to Ksh.50,000. Mkopo Poa offers loans mostly for Business Purposes.
Mkopo Poa Loan Particulars
Loan Amount: Ksh.500 – Ksh.50,000
Loan Period: 91 days – 365 days
Max Loan Limit: Ksh.80,000
Service Fee: Ksh.95 – Ksh.99
Required age: At least 18 years – 60 years
Interest rate of 25% per year (Maximum APR)
**For a representative example: If the loan amount is Ksh.2000 the total Interest should be 2000 Ksh times 25% = 500 Ksh. The processing fee is deducted from The Loan Provided.
Therefore, if paid Ksh.120 for the application, the total repayment amount will be Ksh. (2,000 + 500 – 120) = Ksh.2,380.00
To apply for Mkopo Poa Loans,
- Go to the Google Playstore and search for the MkopoPoa Loan App and install,
- Allow Mkopo Poa to make/ manage calls / read messages,
- Read the app’s privacy policy and click on ‘Continue’ to proceed to the next step,
- Click on ‘Sign Up’; enter your Safaricom phone number and tap on ‘Get Code’ to receive code via SMS
- Enter and confirm your 4-digit password, click on ‘Register’ and grant the app access to collect information to be used for eligibility and facilitation of loan disbursements
- On the next screen, click on ‘Authorization’ and fill in the required fields below:
- Personal Information – your full name, gender, ID Number, Email Address, date of birth, alternative phone number or passport (optional)
- Income Information – Education and income level, Marital and work status, housing status and home address, Loan purpose.
