Afri Kash is one of the popular loan apps in Kenya 2018. It is a Finance app that was developed by Afri-CAN Sun Limited. Like other mobile loan apps, Afri Kash loan app dispenses its loans via M-Pesa to the borrowers in a matter of minutes after the loan amount has been approved.
Afri Kash loan app is unique in that it provides credit solutions even to the underserved and unbanked people in the country.
The mobile loans require no security compared to the conventional bank loans that require one to have security.
The latter, bank loans lock out many potential customers who are in need of loans.
Afri Kash realized this opportunity and ventured into it to facilitate dispensation of small loans to marginalized people across the country.
By so doing, Afri Kash has helped several people transform their lives through providing them with capital to start SMEs.
As reviewed, the app works and I can recommend it to Kenyans. I already received my first loan the same minute I tried the app and the amount was a bit higher than other loan apps starting loan.
The interest rates are low and you can choose which rate and corresponding duration to repay the loan suits you best.
This is one reason which I would recommend this app since the durations are not fixated hence borrowers can repay the loan without straining.
Still, the fact that the interest rates are lower shows that Afri Kash has a corporate social responsible strategy which cares for the borrowers.
Getting Started with Afri Kash Loan App
- Download Afri Kash Kenya app from play store
- Verify your phone number
- Fill in the required personal details
- You are required to Submit 3Months M-Pesa Statement
- Your account will be activated shortly after
How to apply for a loan from Afri Kash app
- Log in using your PIN
- Choose an amount equal to or less than your loan limit
- Submit the application
- Your loan will be sent to your Afri Kash verified phone number within minutes .
How to repay Afri Kash Loan
You definitely want to repay your loan if you want to continue enjoying the service and increased loan limits.
- Go to Mpesa Menu
- Select Lipa na Mpesa
- Select Paybill (here enter 571485 which is Afri Kash business number)
- Account number (enter your Afri Kash verified phone number)
- Enter amount as the loan amount
- Enter your Mpesa PIN
For any queries about the Afri Kash loan app, you can easily reach the support team through their email: Support@afrikash.net