Kopa Cent is a Fintech company which is using technology and mobile money to offer loans to employees through advance salary through flexible times and payment duration unlike the main stream financial lenders such as banks and microfinance. Through having access to a smartphone and internet then one can easily apply for a loan and have it within their pockets quickly. The company has tried to be distinct from other companies as they offer more funds and have a more customer friendly approach to their clients.
Kopa Cent has a simple mode of operation, for one to qualify for their loans, they have to download the online application then install the program in their smartphones, through having the services in the phone ones needs to sign in through providing their identification details, these includes the national identification number, their email and the private identification number. Due to the accessibility of the smartphones and online data then there is the need for privacy and security.
In order for one to access for the Kopa Cent loan, they then apply for the loan through the application by indicating the amount of money they need and the terms of paying the loan and the amount of interest to be charged on the loan. However, one has to upload their last three months’ pay slips and three months bank statements to provide a clear outline on the financial viability of the applicant and to avoid loss of money from the company. In addition to that a copy of the identification number a passport photo for the applicant to ensure that they are authentic and also to discourage fraud.
Advantages of getting a Kopa Cent loans is that;
Disadvantages of Kopa Cent online loan application;