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OKOLEA LOANS IN KENYA

OKOLEA LOANS Image

These are digital loans issued to an applicant by means of an android app named ‘Okolea’. The android app is available at the Google play store. Okolea issues instant loans to Kenyans by means of their phones. The Okolea loan app was established by the Okolea International which is a finance company that deals with financial solutions in money transfer, digital loans, accounting software and more.

Their aim is;

‘To empower businesses and individuals in providing financial solution’

Okolea loans have a platform in which businesses and independent people can use to lend money to their own customers or friends. This is through a program referred to as the ‘Okolea Agent Program’.

THE FEATURES OF OKOLEA LOANS ARE:

  • The interest rate is 5% to 20% per month
  • The amount issued to an applicant varies between Ksh 100 to Ksh 100000
  • An applicant is required to send an appraisal fee of Ksh 100 (use 245316 as pay-bill number, your phone number as the account number)

THE REQUIREMENTS NEEDED ARE:

An applicant is required to have the following;

  • A smartphone with an android system
  • An applicants’ personal photo
  • A Kenyan Identification card

THE PROCEDURE OF ACQUIRING OKOLEA LOAN APP:

  • Go to the Google play store
  • Then download the Okolea Loan App
  • Fill in the necessary information required to become registered
  • Once registered, then Log-in

THE PROCEDURE OF ACQUIRING A LOAN FROM OKOLEA:

  • Start by Log-in to the Okolea loan app
  • Then, check the amount of loan limit you can be issued with
  • Apply to borrow the loan you want
  • Once the loan issued to an applicant, it is sent to the M-Pesa number that has already been verified by Okolea
  • In case the loan you applied for is not approved wait and try applying later again or one can opt to pay the appraisal fee which is Kshs. 100
  • Make sure to repay the loan issued on time so as to increase your amount of loan limit

THE PROCEDURE OF REPAYING THE OKOLEA LOAN:

METHOD 1;

  • Choose the Repay Button which is located within the Okolea loan app
  • Then proceed to pay the loan issued by the Okolea

METHOD 2;

  • Go to the M-Pesa menu
  • Select ‘Lipa na M-Pesa’
  • Enter the pay-bill number which is 245316
  • Then enter your phone number as the Account number
  • Enter the amount of loan issued to you so as to repay it
  • Finally submit it

THE PROCEDURE OF CONTACTING OKOLEA HELP TEAM:

This is if you need any additional information or a problem arises in the course of transaction;

  • Dial or WhatsApp the number 0720178775 or 0742817221
  • The Email address is; Support@okolea-international.co
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