Loan Fees

• ‍‍Interest Minimum: 2%
• Interest Maximum: 2%
• Processing fee: 0
• Late payment fee: 2% daily

Disbursement Details

• ‍‍Application Method: App
• Disbursement Method: Mpesa

‍Repayment Details

• ‍‍Repayment Frequency: Bullet
• Early Repayment: Allowed, no discount. Interest paid back in full.
• Repayment Method: Bullet

‍Eligibility Requirement

• ‍‍Smartphone: Required
• CRB: Experience taking and paying back other loans, currently in good standing.
• Income: No Minimum
• Employment: Formal employment not required.
• Network: Mpesa Customer

‍Documents

• ‍‍National ID.

Representative Example of Loan Costs:

• Example Loan Amount: ksh10,000
• Example Tenure: 20 days
• Representative Loan Cost: 2% per day
• Total Loan Repayment Amount: ksh14,000

This product is provided by Aventus Technology Limited. Aventus Technology Limited is a Credit-only Lender licensed under the Central Bank (Amendment)Act of 2021 and regulated by the Central Bank of Kenya.

Pros

• Repayment Flexibility: Duration extension available upon request. You'll still have to pay the interest but the principal will roll over.
• High limit: The first Loan Limit is Up-to 15K

Cons

• Cost: Relatively high-interest rate of 2% per day.