Hakuna kusota! Hustlers cause frenzy with new mobile app that gives Kenyans a loan of up to 150% of net salary

The app trended on twitter after Kenyans realized they could borrow money with their phones without the cumbersome process of filling forms or queuing in banks.

#MCo-op Cash was recently trending topic on twitter after a number of Kenyans used the hash tag to inquire how they could get loans using their phones.

For starters, MCo-op Cash is a mobile app powered by Co-operative bank that enables you to access a variety of banking, money transfer and payment services.

Mobile loan is one of the banking services provided to you by MCo-op Cash. How is works is that you register for MCo-op cash by simply dialing *667# and follow the instructions.

After registering you can apply for a loan using your phone. Click here: Apply loan (to see how you can apply for a loan)

The good thing about MCo-op Cash is that you can be given a mobile loan of up to 150% of your net pay. For instance, if you earn Ksh 50,000 a month, then you are eligible to get a Co-Op bank mobile loan of Ksh 75,000 any time of the month.

And the interest rate for a loan given by MCo-op Cash is only 1.16% per month; the lowest you can get anywhere.

Another important advantage of MCo-op Cash mobile loan is that there is no facilitation /processing fee required.

Repayment of MCo-op Cash is within 1-3 months, just in case you were wondering about the duration repayment.

Download an upgraded version of MCo-op Cash app here (The app has been upgraded to ensure customers have a better user experience.)