OkoaMia Loan Penalties For Late Repayments

OkoaMia is a loan service offered by OkoaMia Ventures. The service is accessible to all Kenyans via the Safaricom network.

The loan amounts offered range from as low as Ksh 100 to a maximum of Ksh 900 attracting an interest of 10% on the value of the principal applied for and a Ksh 15 transaction cost.

The borrower is to pay the credit advance in full within 5 days from the date of issue.

Failure to repay the loan within the stated period, will result in being penalized in accordanceto their Terms and Conditions.