Loan products

Each product is priced by one published formula. The figures on this page are read live from the same catalogue the app uses, so what you see here is what your disclosure will say.

Informal Loan

Loan for Village

Amount: KES 1 – 100k
Tenor: 30 – 90 days
Origination fee: 5%
Interest: 0% per month on the outstanding balance
Late fee: 0.06% of outstanding principal per day, from day 8
Chama cover reserved: 50% of loan value

Example: KES 50,000 for 30 days costs KES 2,500 (APR 60.8%).

Fee table and worked example → How to apply →

Salary Advance

Amount: KES 1 – 50k
Tenor: 1 – 30 days
Origination fee: 5%
Interest: 0% per 30 days on the full principal
Late fee: 0% of outstanding principal per day, from day 8
Chama cover reserved: 20% of loan value

Example: KES 25,000 for 1 days costs KES 1,250 (APR 1,825%).

Fee table and worked example → How to apply →