CashLoan-Mkopo Haraka Loan App

Mkopo wa Fedha is a technology-driven loan service that is convenient, user-friendly, and reliable. Our goal is customer satisfaction through providing simple, user-friendly, and dependable services as our motto in serving users in Tanzania.

Mkopo wa Pesa is dedicated to offering a good online loan service and experience. Through borrowing money with Mkopo wa Fedha, you can benefit from:

• Low loan interest rates
• Loans without collateral
• Easy bill payments
• No additional fees
• Security for all your personal information

Loan Requirements: Borrowers must be Tanzanian citizens aged 18 or above with a unique identification.

How to Register or Use:

1. Fill out your personal information.
2. Provide details of your personal bank account, specify the loan amount, and submit the application promptly.

Loan Information:

• Online cash loan: TZS 5,000 - TZS 500,000
• Duration of online loans: short-term loans are up to 91 days, longer ones go up to 12 months
• Online loan interest rate: Maximum of 14% per year (APR)
• Service fee: 0

For instance, if you apply for a TZS 5,000 loan, the interest rate is 14% (APR) per year with a loan duration of 120 days, the total cost to repay would be the loan of 5,000 plus Interest of 5,000 x 14% (APR) x (120/365) days = 5,230 (no other charges).

Total monthly payment: 1,307= 5,230/4

How to apply for a loan:

1. Download the Mkopo wa Pesa app.
2. Fill in your details.
3. Wait for verification.
4. Your loan amount will be disbursed.

Region Dar Es Salaam, District Ilala CBD, Ward Kivukoni, Postal code 11101, Street Ohio, Road Samora Ave, Plot number 1, Block number A, House number 7

E-mail: [email protected]