Clients who give truthful information, allow Mpesa access and allow crb access are likely to be approved for a loan with Okolea. You may borrow a loan amount equal or less than your loan limit.
By repaying each loan on time. Full loan repayment leads to an automatic increase in your loan limit.
To repay your okolea loan, click on the REPAY LOAN BUTTON on the app or you repay through Mpesa by sending the loan amount to Paybill number 245316. Your mobile number is your account number or by dialing a USSD code *842#.
Loans are approved instantly.
Within one hour between 7am and 7pm everyday. Loans applied at night will be disbursed early the next morning .
People who fail to pay their loans on time will have their details forwarded to debt collectors and the Credit Reference Bureaus.