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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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