Okoa Mia is an instant mobile loan company giving out loans from Ksh. 100 to Ksh. 900.
These loans are unsecured and can be borrowed with any type of phone — It doesn’t matter if you have a smartphone or a Kabambe phone.
How to Apply for Okoa Mia Loans
- Dial USSD Code *628# to register for Okoa Mia Loans
- Next pay an acceptance fee of between 5 and Ksh. 45 for your loan to be processed.
To make the registration payment,
- Go to your Mpesa menu
- Scroll to Lipa na Mpesa
- Select Paybill
- Enter Okoa Mia Paybill number – 519608
- Use your ID number as the account number
- Enter Amount Between Ksh. 5 and 45 depending on your loan limit
- Enter your Pin and Submit to pay
Note: If you don’t qualify for the this loan your registration payment will be rejected. This makes the process safe and non-fraudulent.
Should your payment be accepted, dial *628# to to borrow.
The approved amount will be sent to your Mpesa account in a few minutes.
What do I need to qualify for this Loan?
- Have a safaricom line that is Mpesa enabled
- Be 18 years old and above
- Hold an National ID
- Must not be in CRB (Check CRB Status)
Okoa Mia Loan Terms
- If you qualify for Loan, you will get between Ksh. 100 and Ksh. 900 in credit advance.
- A transaction fee of Ksh. 15 is passed over to you to receive your loan
- Okoa Mia interest rate is 10%
- You will pay an acceptance fee of between Ksh. 5 and Ksh. 45 depending on the loan you want to borrow. This acceptance fee acts as your signature for accepting Okoa Mia Terms. Your acceptance fee will be rejected if you don’t qualify.
- You must repay your loan in 5 days
- Should you not pay your loan on time, you will incur a late payment fee of between Ksh. 20 per day to Ksh. 180 per day depending on your loan amount.
- Read more terms in Company Website
How to Repay Okoa Mia Loan
- Go to your Mpesa menu
- Scroll to Lipa na Mpesa
- Select Paybill
- Enter Paybill number – 519608
- Use your ID number as the account number
- Enter the amount you owe
- Enter your Pin and Submit to pay
