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Okolea: The Kenyan lending app with a twist Accompanied by different interest bands
Once again, another lending app has been launched in Kenya. With the likes of the American Branch, Kenya’s own Tala, Safaricom’s Mshwari, KCB loans via KCB bank, Pesapap by Family bank and CBA Loop with Commercial Bank of Africa, the list goes on. Kenya is a loan taking economy and a nation that thrives on loans as a stepping stone for entrepreneurial ventures. The […]
CBA Loop Sets Record with Money Lending Sum CBA Loop Re brands and Relaunches
Kenya’s largest privately-owned bank the Commercial Bank of Africa has upgraded its mobile application loan offers, to hit a record 3 million shillings. This is the highest loan amount for any Kenyan lender via mobile money. The bank’s Loop program is aimed at young professionals. A demographic under the age of forty, largely called millennials today. As the central bank capped the rising interest rates […]
