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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

 

New Highlights

Faulu Wins Financial Reporting (FiRe) Award 2013 … And the 2013 FiRe award for microfinance institutions goes to ... Faulu Microfinance Bank

We are proud to be ranked the best organization in Financial Reporting Excellence Awards 2013! This was  after thorough scrutiny from recognized audit firms, experts and regulators.

Read more...

New Highlights

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