Kenya: Opera Launches Okash Loan App in Kenya

16 March 2018

Money Transfer

Opera Group the FinTech Company has announced the launch of OKash, the new stand-alone mobile app that will provide users access to short-term loans at their fingertips.

The group through, its Fintech Company OPay, says the OKash app will now be available to Android smartphone users.

It says users with timely and consistent repayment behavior can apply for a single loan of up to Sh500,000 at a total interest of 5 percent.

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, Managing Director for Opera in Kenya Eddie Ndichu, said, "We know that there are more than 20 million people in Kenya who use loans actively everyday 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."

Source: Nairobi News