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Kopa Chapaa

Introducing Kopa Chapaa with Faulu Kenya and Airtel Money
Kopa Chapaa is a convenient 10 day loan available to AirtelMoney Customers for low-value cash emergencies in partnership with Faulu Kenya.

Who is Eligible?

  • Active AirtelMoneycustomers for at least 6 months with a good credit history.

How does it work?

  • The KopaChapaa allows Airtel Money customers to apply for a loan from the convenience of their mobile phones.
  • Airtel Money customers can borrow from as little as Ksh 500 to a maximum of Ksh 10,000 to be paid back within 10 days.
  • On the due date, the money will be automatically deducted from the subscriber’s Airtel Money account.
  • In case the balance is not sufficient, the balance of Airtel Money will be deducted automatically upon the receipt of cash.

Benefits:

  • Quick cash advance on your mobile phone of up to Kshs 10,000
  • Affordable interest rate
  • Convenient repayment terms

How much will I pay?
Payment depends on the amount borrowed.  See the loan ranges below.

  • Funds will be guaranteed as long as you meet the eligibility criteria

Loan Ranges and Tariff Table

Tier

Loan Lower Limit

Loan  Upper Limit

Loan Service Charge

1

-

500

43

2

501

1,000

85

3

1,001

2,000

170

4

2,001

4,000

340

5

4,001

5,000

425

6

5,001

6,000

510

7

6,001

7,000

595

8

7,001

8,000

680

9

8,001

9,000

765

10

9,001

10,000

850

 

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