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Is Kopesha Loan App Legit or Fake?

Is Kopesha Loan App Legit or Fake?

Kopesha loan app is one of the most widely talked about loan apps in Kenya. Is it real or is it fake? Today is the day you learn the truth.

You’ve heard about loan apps. You want to try one. But you’re scared about the reviews. 

A lot of buzz is on the internet about loan apps in Kenya. While some complain that loan apps in Kenya are scams, others claim to have benefited from them. 

In this article, we will discuss more about the Kopesha loan app in Kenya and demystify certain facts about it. We will also guide you through the Kopesha loan application process.

Table of contents

About Kopesha Loan App

Kopesha loan app is a Kenyan loan agency that offers digital loans between Ksh. 5,000 – 50,000 to Kenyans. 

Established in September 2021, Kopesha Loan has grown with tremendous speed and innovation. 

Kopesha loan application is processed within 24 hours. The loan, if approved, is sent directly to your MPESA account.

The more loans you take from Kopesha loan app with timely repayments, the more credible they see you. An increased credibility gives you access to larger loan amounts with Kopesha.  

Also read: Top 10 Loan Apps for Urgent Loans in Kenya

Is Kopesha Loan App Real or Fake?

The Kopesha loan app is as real as it gets. It has been operating in Kenya for about three (3) years, with little to no query from regulatory bodies. 

In 2022, Google delisted over 200 Kenyan loan apps, of which Kopesha was one. This is what spiked suspicions about the Kopesha loan app.

The truth is, the Kopesha loan app was delisted from Playstore because it had no proof of licence. Google Play Store’s new policy stipulated that all digital money lenders must tender a proof of licence.

Thus the delisting of Kopesha from Google Play Store had nothing to do with its validity. It only needed to get licensed.

Below are some other justifications for the validity of Kopesha Loan App: 

  • Web Paranoid stated that while the Kopesha loan site has low traffic which some users might find suspicious, this does not affect its legitimacy. Not all sites have huge traffic, and this does not mean they are scam sites.  
  • According to App Store Spy, Kopesha App reached 660K+ installs in 2024.
  • After conducting an indepth analysis on the site, Web Paranoid found no  suspicious movement.
  • Web Paranoid stated that “Websites that are newly created and have a brief existence period are often associated with higher risks of fraudulent activities or scams.” www.kopeshaloan.co.ke has been in existence for about five years, making it a long-term site. 

Customers have testified about the loans they secured using the Kopesha loan app. It indeed, is one of the fastest ways to secure a loan in Kenya. 

Also read: How to Secure an Autochek Car Loan in Kenya

Why You Should Choose Kopesha Loan

Kopesha loan is one of the worthy loan options for Kenyan nationals. 

Below are some reasons you may want to consider Kopesha for your next loan:

  1. Kopesha runs very little check on your credit history—the credit check criteria is not too tight. It is easy to meet by most customers. 
  2. Kopesh has various loan options such as car loan, emergency loan, and rent loan.
  3. Kopesha loan application is unsecured. No matter the loan type you apply for, your Kopesha loan will not be secured by guarantors, paperwork or collateral.
  4. Kopesha is a fast loan option – the application to approval is carried out within twenty-four (24) hours, unless there is an issue with any of the information you provided. The funds are also disbursed immediately. You should receive your loan in less than one hour, without any technical delays from your bank. However, if your application is made on a weekend or a public holiday, disbursement will be made on the next working day.
  1. You can lend up to Ksh. 50,000 on the Kopesha loan app.

How to Process Kopesha Loan Application 

The Kopesha loan application is easy. It is a completely digital process. 

From application to approval, the entire Kopesha loan application process takes not more than 24 hours, in the absence of technical or procedural complications. 

Below is a step-by-step guide for your Kopesha loan application:

Step #1 – Check Your Kopesha Loan Eligibility 

Before proceeding with your Kopeaha loan application, you must first determine if you are eligible, and what loan amount you are eligible for. 

Kopesha has made this easy. Simply head to the Kopesha loan website and fill the pop-up form. The information required on the form are:

  • Your name 
  • Your MPESA phone number 
  • You’d National ID 
  • Your loan type 

You will be given a loan amount that you qualify for, based on the information you have provided. 

If you are eligible for the loan, and you are satisfied with the loan amount, then you can proceed to step 2. 

Also read: Banks that Give Loan Easily in Kenya

Step #2 – Prepare Your  Kopesha Loan Application Materials 

Before you start your application, ensure you have all the Kopesha loan requirements and other materials. This will enable a quicker application process. Here’s what you will need: 

  • A means of identification
  • National ID number 
  • Your bank statement showing a legal source of income within the past three (3) months 
  • Proof of your residential address
  • MPESA mobile number 
  • A mobile phone and swift Internet 

Step #3 – Apply Online for Kopesha Loan

Next, download the Kopesha app on Google Play Store or Apple App Store or go to the website and take the following steps: 

  • If you are a first-time customer, you will be given a form to fill in your basic information
  • Returning customers will be asked to log in using their password. If you’ve forgotten your password, you can click the “forgot password” prompt
  • Follow the online Kopesha loan application process and hold on a few minutes for Kopesha loan agents to verify your information 
  • If there are no issues with the information provided, your loan will be approved and you are to sign the loan agreement using your e-signature
  • Your loan will be disbursed.

Also read: How to Apply for Youth Fund Mobile Loan in Kenya

Is the Kopesha Loan Application Customer Care Number Reachable?

Currently, the Kopesha loan application customer care number is currently unavailable. However, you can contact them via email on kopesha.helpline@gmail.com.

Frequently Asked Questions

How Long Does it Take Kopesha to Process My Loan?

It takes about 24 hours to process your Kopesha loan application.

Does Kopesha Loan Application Require Collateral?

No. Kopesha loans are unsecured, meaning they do not require any asset as collateral. However, you will be required to provide proof of Kenyan residency and some other basic information. 

Which Loan App Gives Loan Instantly in Kenya?

Some loan apps in Kenya that give instant loans are Tala, LendPlus, MPesa, Zenka, and Okash.

What is the Kopesha Loan Application Customer Care Number? 

The Kopesha loan application customer care number is currently unavailable. However, you can contact them via email on kopesha.helpline@gmail.com.

Also read: Full List of Genuine Loan Apps in Kenya

Conclusion: Process Kopesha Loan Application Without Fear 

So there you have it. Kopesha is indeed a reliable loan agency in Kenya. Whether you are applying online or through the app, go for it without fear.

Follow us on X or Twitter, @SiliconAfriTech for access to more informative reads.

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Oluwajuwon Oladiti
Oluwajuwon Oladiti

Oladiti Oluwajuwon is an ardent reader and a voracious writer who is passionate about informing the public with first-hand, authentic information. His writing expertise has spanned over 5+ years, an odyssey that began in 2018. Over the years, he has crafted pieces across multiple domains, including religion, education, politics, and tech. There are two principles at the core of his writing: information must be genuine and accurate, and there is nothing erudite about speaking in terms people don't understand. While maintaining technicality, messages must be passed in a way that resonates with the readers.

Oluwajuwon is also a software engineer who specializes in backend development with Python, and he has an unwavering passion for music, pop genre especially.

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