Kopa is a mobile money lending app that provides fast loans to borrowers in Kenya. The app is managed by Nifty Ltd, a fintech company that specializes in providing innovative financial solutions.
Kopa loans are disbursed instantly and directly to the borrower’s Mpesa account, making the process fast and convenient.
Loan Limits and Interest Rates
Kopa loans have a wide range of loan limits, starting from Ksh 1500 to a maximum of Ksh 50,000.
This makes the loans accessible to a wide range of borrowers, from those who need a small amount to those who require a larger loan.
The loans are also disbursed instantly, ensuring that borrowers have access to the funds when they need them.
The interest rates charged by Kopa are competitive, with an annual interest rate of 12.5%. Additionally, there is a processing fee of 5% of the principal amount borrowed, capped between Ksh 60 and Ksh 600.
This makes Kopa loans affordable and accessible to borrowers who are looking for fast and convenient loans with reasonable interest rates.
How to Get a Kopa Loan
To access loans from Kopa, borrowers need to download the Kopa Loan App from the Google Play Store and create an account. Once the account is created, borrowers can apply for a loan within the app.
The application process is simple and straightforward, with borrowers providing basic personal and financial information.
The app uses advanced algorithms to assess the creditworthiness of borrowers and determine the loan amount that they qualify for.
Once the loan application is approved, the funds are disbursed instantly to the borrower’s Mpesa account. Borrowers can use the funds for any purpose, from paying bills to funding a small business.
Repayment of the loan is done after a minimum of 60 days and a maximum of 365 days, and borrowers can pay from within the app without using Kopa Paybill number.
Customer Care
Kopa has a dedicated customer care team that is available to assist borrowers with any queries or issues.
To get assistance from the lender’s customer care, borrowers can use the contact info@kopake.org.
Although there are no Kopa mobile phone numbers at the moment, the customer care team is responsive and helpful in resolving any issues that borrowers may have.
Conclusion
Kopa is an innovative mobile money lending app that provides fast and convenient loans to borrowers in Kenya. The app is managed by Nifty Ltd, a fintech company that is committed to providing innovative financial solutions.
With a wide range of loan limits and competitive interest rates, Kopa loans are accessible and affordable to borrowers who are looking for fast and convenient loans.
The app uses advanced algorithms to assess the creditworthiness of borrowers and determine the loan amount that they qualify for, ensuring that borrowers get the loan amount that they need.
Overall, Kopa is a great option for anyone who needs a fast and convenient loan via Mpesa in Kenya.