Mobi-loan

The MOBI-LOAN is a convenient financial solution designed to address the immediate short-term financial needs of our members through Mpesa. Here’s a detailed breakdown of its features:

  1. Instant Access: MOBI-LOAN provides members with quick and easy access to funds directly through Mpesa, enabling them to address their urgent financial needs without delay.
  2. Eligibility: This service is available to all members who have registered for mobile banking, ensuring accessibility to a wide range of members.
  3. No Guarantors Required: Unlike traditional loan products, MOBI-LOAN does not require members to provide guarantors, streamlining the borrowing process and making it more convenient for members to access funds.
  4. Real-Time Approval: Approval for MOBI-LOAN is instantaneous and automated by the system, allowing members to receive approval for their loan requests in real-time without the need for manual intervention.
  5. Competitive Interest Rate: The interest rate for MOBI-LOAN is set at 5% per month, offering members a competitive borrowing option for their short-term financial needs.
  6. Short Repayment Period: To ensure prompt repayment and facilitate financial discipline, the repayment period for MOBI-LOAN is set at 30 days, providing members with a clear timeline for repayment.