In this age of mobile loan sharks, Opesa has distinguished itself as a reliable mobile loan app in Kenya. Opesa Application was introduced by Tenspot Kenya Limited. The company is situated along Ring Road, Parklands, at Apollo Center. Established early this year and with over 500,000 downloads on Play Store, Opesa is a reliable micro-financier for loans ranging from Kenya Shillings 500-30,000.
How to apply and Requirments
To use Opesa, you need an android powered Smartphone, an ID, and an Mpesa registered number.
To Apply for Opesa Loan , visit Google Play store and search for Opesa. Download and install the app to your android device. Follow through the application procedure by filling your personal details.
Opesa Loan Qualification
After installing the app, you will be required to fill some personal information which will determine whether your loan is approved. Opesa uses phone data like SMS logs, call logs, and your Mpesa transaction history. Opesa will also check whether you are listed on CRB to determine your loan limit and credit score for loan qualification. When you qualify for an Opesa loan, you will be required to pay an interest of 16.8% within 14 days. Failing to pay your loan within the agreed period will subject you to a fee of 2.4% per day against your loan. In the event that you fail to clear your loan within 20 days, your details will be listed by the CRB. However, Opesa will warn you severally before opting to forward their complaint to the Credit Reference Bureau.
How to Repay Opesa Loan
When it’s time to repay your Opesa loan, you can do this easily by going to your Mpesa Menu and selecting the ‘Lipa na Mpesa’ option. You will then have to select ‘PayBill’ and then enter 606280 as your business number. Enter your phone number as your account number and then the amount you want to repay. Enter your Mpesa pin and then press ‘Ok’ and you will receive a message confirming the transaction.