Ipesa Loan App

[Cassey Tash]

Ipesa loans provide small amount of loans to their customers that ranges from Sh2000 to Sh10,000 within a period 14 days.

These loans are offered at an interest of 15%.

In order qualify for an Ipesa loan, a customer has to have a good credit score and MUST not be listed with the CRBs available in Kenya.

Requirements to access Ipesa loans

• An android smartphone
• National Identification number
• A registered Safaricom number
• Internet access

How to get Ipesa App

• Go to google play store and search for Ipesa Loan App
• Select an item with Ipesa logo
• Click on install to allow the app to download.
• Once it has fully downloaded, click on open to access the app

Grant Ipesa an access your mobile data, phone number, contact list, text messages, location and photo.

If you grant Ipesa this permission you allow them to call and send text messages on your phone.

Proceed to registration by filling in the provided mandatory spaces. This include;

• Your full names as they appear on National ID
• National ID number
• Date of Birth
• Phone number
• Level of education
• Purpose of the loan
• Emergency contact
• Your income

After filling your personal information correctly, you will receive a confirmation code which will auto-fill, this allows the app to verify your information before granting you a loan.

How to get Ipesa loans

• Open the Ipesa loan app on your phone
• Click on get a loan
• Select the amount you'd like to borrow
• Select the loan period and click on submit
• If the loan is approved, you will receive a confirmation message from Mpesa and Ipesa
• If rejected you will receive a message of the same from Ipesa

Advantages of Ipesa loans

• Once approved, a customer receives loans to their phones within minutes of application
• No presentation of several document and long queues to be granted a loan
• No guarantor or collateral need to be granted a loan

Disadvantages of Ipesa loans

• Loans are offered at a high interest rate
• If a loan is defaulted, a customer may be listed on CRBs
• A lateness fee is added to the loan after the repayment days elapse

How to repay Ipesa Loans via MPesa

• Go to SIM tool kit on your phone
• Select Lipa Na Mpesa, the Paybill
• Enter Ipesa Paybill number - 192010
• Enter your phone number as account number
• Enter your mobile money PIN number and submit