Mkopo Wa Pochi: What Are Interest Rates, Limits For The Business Loans

Mkopo Wa Pochi loan limits will depend on the customers' creditworthiness but the charges include a one-time access fee of 2.76% of the loan amount borrowed, a loan extension charge of 3.85% and a 1% daily lateness charge.The product is provided by Safaricom in partnership with Pezesha, a fintech unlocking african business people's full potential for years now.Mkopo Wa Pochi loans are available to safaricom customers who are using Pochi la biashara services in Kenya.Mkopo Wa Pochi Loans Charges, Repayment Tenure In order to understand mkopo Wa Pochi charges, you'll need to also know the loan repayment duration. Initially a customer will be charged a one time access fee of 2.76% of the loan amount to be paid back in 7 days. Upon failure to pay after the first seven days, a customer is allowed to ask for a loan extension of 7 days. This will make the sum total of the facility repayment duration to be 14 days of which the customer will be charged 3.85% . After the 14 days elapse, a customer will be considered late in payment and this will attract a 1% daily fee for the next 7 days.In this regard, Mkopo wa Pochi loan is supposed to settled after a total of 21 days maximum. Mkopo Wa Pochi Duration Charges After 7 days 2.76% After 14 days (7 days of loan extension) 3.85% After 21 days (7 late payment days) 1% per day

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