Gone are the days when securing a loan meant enduring long queues at the bank and weeks of waiting for approval. Today, digital loans have changed the game, giving individuals quick access to cash with just a few clicks.

While there are several institutions providing digital loans, M-KOPA stands out because we not only provide loans for daily income earners and people in low-income communities, but we also keep them connected to the digital world through a smartphone.

Want to enjoy this opportunity? Here’s how to qualify.

Steps to Qualify for M-KOPA Digital Loan

  1. Get an M-KOPA smartphone: The first thing you need to do is get any M-KOPA smartphone of your choice, either through an M-KOPA agent in your community or directly on our website. Our phones are budget-friendly and designed to bring you the benefits of a modern, connected life. But the sweetest part? You can buy now and pay later.
  2. Pay regularly for at least 2 months: After getting your M-KOPA smartphone, you can make daily, weekly, or monthly payments depending on your payment plan. Next, prove your credit-worthiness by making your installments for the phone on time and consistently. This is all you have to do to qualify for a bigger loan: M-KOPA Digital Loan.
  3. Unlock better-priced loans: Depending on how you perform with paying up for your phone, we will check our records and send an eligibility message if you qualify for our digital loan. The loan amount starts small but increases as you grow your credit history with us.
  4. Apply for M-KOPA digital loan: When you get an eligibility SMS from us, the next steps to take are detailed therein, and all you have to do is click a link and follow the instructions.

Benefits of M-KOPA Digital Loan

  • Easy application: You can apply within a few seconds and in a few clicks. 
  • No collateral: You don’t need any collateral to apply for M-KOPA digital loan. All you need is a verifiable, excellent credit history with us.
  • Quick approval: After submitting your application, you get a response almost immediately, giving you instant access to cash.
  • Flexible repayment: Just like you can choose a suitable repayment plan for your M-KOPA smartphone, you can do the same with the M-KOPA digital loan. We make sure you can pay small amounts, without being overwhelmed. 

Ready to Get Started?

As you can see, qualifying for the M-KOPA digital loan is quite easy and straightforward: you meet the requirements, apply, then prove your creditworthiness through regular payments. The reward? You get access to bigger loans to keep growing your business or funding your project.

Contact us today to get started.

 

Related Articles

Are Digital Loans Safe? Myths, Facts, and What to Watch Out For

How to Build Multiple Income Streams with Low Capital

Emergency Fund 101: Why and How to Start