OKash, a micro-lending platform launched about two months ago, has ranked top as the most searched app in Kenya.
“We launched this product just over a month ago and getting such an impressive response demonstrates there is demand for our model of shorter-term loans in the market with an incentive for earlier repayment,” Opera Managing Director Eddie Ndichu said.
OKash allows Android smartphone users in Kenya to safely, easily, and flexibly apply and get credit loans to finance day-to-day expenses.
OKash works with M-Pesa to ensure that users receive the loans straight into their phones. The platform charges an interest of one percent each day and a loan period of up to two weeks.