Loan Apps Parents can Count on as Schools Reopen Amid Biting Economic Times

As the first batch of learners begin to report to school on Tuesday Jan 4, many parents once again find themselves in a catch-22 situation because on one hand they want their children to recover the lost schooltime during the height of COVID-19 pandemic in 2019, but on the other hand the restructured academic calendar has taken a heavy toll on their pockets while giving them no time to replenish the same.

Mind you we are just from the festive season, a period of heavy spending further compounded by the ongoing economic downturn arising from the pandemic which continues to ravage millions as parents are left with an extra burden of figuring out how to go about their children's school reopening expenses.

Fortunately, all is not doom and gloom because there are a number of reliable digital loan apps that parents can count on to borrow money from and ensure timely return to school of their children.

Below are some apps that many parents and guardians will find essential and reliable as loans are processed in record minutes and disbursed to the borrower's M-Pesa wallet.

a). OKash

1. Download and install the OKash App from Google Play Store.
2. Register an account.
3. Select the product you would like to apply for.
4. Fill out your basic information, then submit the application.
5. After the submission, the borrowed amount will be disbursed to M-PESA immediately, if successful.

  KEEP READING 

• OKash Wins the Best Instant Mobile Loan Brand of 2021 at the 5th Digital Tech Excellence Awards
• OPesa Crowned Kenya's Best Mobile Lending Brand of 2021 During the 5th Digital Tech Excellence Awards
• CreditHela Voted Kenya's Fastest Growing Mobile Brand of 2021 at the 5th Digital Tech Excellence Awards

b). CreditHela

CreditHela offers loans ranging from 1,500 to 80,000 for a maximum period of 365 days wit the service fee ranging from KES 100 – KES for a one-time charge.

Follow the step by step guide below to secure a loan from CreditHela.

1. Download CreditHela App from Playstore.
2. Register as a new User or Login if you alre have an account.
3. Apply and fill in some information regardi loan.
4. Wait for approval.
5. Confirm and get money.

c). OPesa

OPesa offers safe loans to anyone between 18-55 years. Loan Amount range from Ksh.1,500 to Ksh. 50,000.

How to Apply for OPesa loan

1. Download OPesa App from Google Play Store.
2. Register your number if a first applicant and fill all the other requisite information.
3. Apply for a loan amount of your choice and have the same disbursed to your M-Pesa number within minutes upon approval.