M-Kopa Phones, TVs, Loans, Products & Contacts

Mkopa Cash Loans, Application, Limit, Repayment, USSD Code, and Terms and Conditions in Kenya

  1. Can I borrow money from M-KOPA?

    MKOPA lends money through its Cash Loan product, but you need to be an existing MKOPA customer to qualify. To become an MKOPA customer, you need to apply for and fully pay for one of their loan products, such as a phone or solar product.

  2. How do I know if I qualify for M-Kopa loan?

    To apply for a loan with M-Kopa, simply text ‘Loan’ to 22624 and wait for their response. M-Kopa customer care will inform you if you qualify or not.

MKopa Cash Loans, Application, Limit, Repayment, USSD Code, and Terms and Conditions in Kenya.

Mkopa Cash Loans in Kenya and other countries

In this post we will provided information about Mkopa Cash Loans in Kenya, including details about the application process, loan limits, repayment options, USSD code, and terms and conditions. Mkopa services are available in Kenya, Uganda, Nigeria and Ghana.


M-Kopa Cash Loans is a financial service offered in Kenya that provides quick and convenient access to funds. Whether you need money for personal expenses, emergencies, or business purposes, M-Kopa Cash Loans has got you covered. Here’s some information about the application process, loan limit, repayment options, USSD code, and terms and conditions:

Application Process:

To apply for an M-Kopa Cash Loan, you can visit their website or download their mobile Mkopa app. Fill in the required details and submit your application. You can also apply for the loan by calling Mkopa customer care number +254707333222.

Its good to note that Mkopa loans are offered to Mkopa customers who have completely paid their outstanding device loans.

Make sure to provide accurate information as it will be assessed for loan approval.

Loan Limit:

The loan amount you can receive from M-Kopa Cash Loans ranges from Kshs4000 to Kshs15000 depending on your creditworthiness, income, and repayment history and your final choice. Upon approval, you will be notified of the specific loan amount granted to you.

Loan limit, daily rates, number of days, and loan repayment.

Certainly! Allow us to provide you with a comprehensive overview of the loan limit, daily rates, number of days, and loan repayment options for your convenience.

  • Loan Value: The maximum amount you can borrow.
  • Daily rates: The daily rate to be payed per day.
  • Number of days: The duration for which you are supposed to pay for the loan.
  • Loan repayment: How much in total you will have payed back the borrowed amount upon completion.

1. KES 15,000

Loan value:KES 15,000
Daily rates:KES 95
Number of days:220
Total loanrepayment :KES20,900

2. KES 12,000

Loan value:KES 12,000
Daily rates:KES 85
Number of days:190
Total loan repayment:KES16,150

3. KES 9000

Loan value: KES 9000
Daily rate: KES 75
Number of days: 160
Total loan repayment: KES 12000

4. KES 7000

Loan value: KES 7000
Daily rate: KES 60
Number of days: 160
Total loan repayment: KES 9600

5. KES 4000

loan value:KES 4000
daily rate:KES 50
Number of days:105
Total loan repayment:KES 5250

Repayment Options:

M-Kopa Cash Loans offer flexible repayment strategy to suit their users financial situation. According to the information sourced, one should repay the loan on daily basis installments in relation to daily rates. The repayment period will be specified in your loan agreement.

We have received your request and will send you an SMS from 22313 within 24 hrs with the terms and conditions. Select 1 to Agree or 9 to Decline. Your loan request will be processed within 48 working hours, excluding weekends and public holidays. Kindly remember that your device will be locked if you fail to pay.”

No payments by cash will be accepted by M-KOPA nor should they be made under any circumstances for the purchase of any Product or the payment of the Credit Payment. Please inform M-KOPA customer service or email [email protected] immediately if You are requested to make any cash payment or otherwise feel if you have been given wrong, misleading or potentially fraudulent information by any employee or agent of M-KOPA.

USSD Code/Mode of payment

M-Kopa Cash Loans can also be accessed through their USSD code. Simply dial the provided USSD code on your mobile phone and follow the prompts to apply for a loan, check your loan status, or initiate a loan repayment.

S/NoCountryMode Of Payment
2UgandaMTN: Dial *165# /,
Airtel- Dial *185*44#
3NigeriaAuthorized direct debit to M-KOPA
4Ghana*718 * 287 #

Estimate Cost : Not less than the daily repayment charges

Time Needed : 3 minutes

Steps on how To Pay For Your Mkopa Phone Via Mpesa

  1. Go to your Mpesa menu.

    Access your Mpesa buy launching Sim tool Kit or Sim services

  2. Select Lipa and Mpesa.

    Click on Lipa na Mpesa

  3. Select the paybill.

    Select pay bill not buy goods.

  4. Enter 333222 as the paybill number.

    This is the same number used to pay for other Mkopa products like Phones, Solar and Television.

  5. Enter the ID number you used to register with M-Kopa as your account number.

  6. Enter the amount you want to repay.

    The amount you are paying should be equal to or more than the daily charges.

  7. Enter your PIN and press OK.

    This is your 4 digit secret pin. Remember Mkopa loans does not request for Mpesa pin. Kindly keep is private.

Terms and Conditions:

Before availing of the M-Kopa Cash Loan, it is crucial to familiarize yourself with the terms and conditions set forth by the company. These terms outline important aspects such as the rates, repayment strategy, loan policies, and consequences of defaulting on repayments. Take your time to carefully read and understand these terms to ensure a smooth borrowing experience.

Remember, M-Kopa Cash Loans is a company committed to providing financial assistance responsibly. Borrow only what you can comfortably repay to avoid any financial strain.

Tambua Africa Reporter

Blogger and news writer at Tambua Africa News.

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