FAQ

Frequently Asked Questions

Getting started with Okoa Finance

We are a micro finance institution that provides financial and non-financial services to small, micro and medium entrepreneurs in Kenya. It started micro lending in 2010 and was duly registered as a limited company in August 2014 under the registrar of companies.

Our head office is in Kakamega town, Canon Awori street,  opposite bakey Old Bater building 1st floor and branches in; Kitale, Eldoret, Bungoma, Chwele,   Angurai,  Matunda Moi’s bridge and Vihiga.

We use USSID  to register and Mpesa bulk system to disburse loans, collateral fund and loan repayment from the comfort of your phone, flexible and affordable interest rates.

We offer a variety of loan products to individuals and solidarity groups namely; WECOHAS Kadogo loan, Biashara loan, registered group loan .

You can become a member using our mobile platform. Dial : *483*14*6#  and Follow the procedure, in case of a challenge Contact us.

By joining us you will be able to benefit from our range of products namely; savings, loans and bulk payment solutions. The benefits include;

  • Free training on entrepreneurship and capacity building.
  • Various loan products at affordable and competitive rates.
  • Flexible repayment periods.

A copy of national identity card (ID) and a passport size photo, phone number with Mpesa account.

Once you register as a member you start enjoying our loan facilities.

Yes. So long as they meet our minimum requirements.

Yes. We have salary advance facilities for employees working with approved companies.

Mpesa is a cheap, easy and convenient way of making payments.

Use Lipa na Mpesa, Paybill number 800386 putting ‘SV’ in account for savings and ‘LN’ for loan repayments.

Yes. Only when you need to close your account your savings will be processed back to you at a fee.