Okoa Hire Purchase

Why wait when you can own now?

What is Okoa Hire Purchase?

This is a loan designed to finance assets such as mobile phones, laptops and computers and household goods etc.

Okoa Hire Purchase Features

  • Deposit of 50% of the product price.
  • Affordable interest of 5% per month.
  • Repayment period of up to 12 months.
  • Loan range from Sh. 10,000 to Sh. 500,000.
  • Loan processing time of 7 working days.
  • Loan processing fee of 3% of the loan.
  • Credit insurance fee of 1%.

To Qualify

  • Must be an active Okoa Finance member
  • Must be in a verifiable business not less than 6 months.
  • Must be saving a minimum of Sh. 250 in their Okoa Savings Fund throughout their period at Okoa Finance.
  • Must have saved a minimum of 5 weeks in Okoa Finance.
  • Must be guaranteed by other Okoa Finance members if loan being borrowed exceeds the amount in their Okoa Savings Fund.

To be a member, register with your mobile phone