Total Cost Breakdown (Loan Fees):

• ‍‍Interest Minimum: 22%
• Interest Maximum: 199%
• Processing fee: None
• Insurance Fee: None
• Withdrawal Fee: None
• Late Fees: None
• Other Fees: None
  

Disbursement Details:

• ‍Institution Type: Digital Credit
• Application Method: App Based
• Disbursement Method: M-Pesa
  

Repayment Details:

• ‍Repayment Frequency: Monthly
• Early Repayment: Not encouraged
• Repayment Method: M-Pesa
  

Eligibility Requirement:

• ‍Smartphone: Required
• CRB: Must be in good standing
• Income: No Minimum
• Employment: Not Required
• Network: M-Pesa customer
• History: Not required
• Documents: National ID
• T&C Links

Example Representative Pricing

• Loan Amount: ksh100,000
• APR: 199%
• Loan duration: 11 months
• Estimated Monthly repayment: ksh20,346
  
• Estimated Total repayment amount: ksh223,804

This product is provided by Branch Microfinance Bank. Branch Microfinance Bank is a Deposit-taking Microfinance Bank licensed under the Microfinance Act No. 19 of 2006  and regulated by the Central Bank of Kenya.

How to Apply

Pros:

• Formal Employment not required
• Fast approval time (Less than 24 Hours)
• No late Fee charges    

Cons:

• Large difference in Loan APR rates makes it difficult to understand your  charges (22-199% APR)
• Early repayment not encouraged
• Facebook account details needed for registration