Open Loans Kenya 1.27
Free Version
Publisher Description
A social network that allows borrowers to access loans from millions of lenders in Kenya. It also allows lenders to have direct access to millions of borrowers. From M-Pesa lenders to traditional salary advance companies to instant mobile loans in Kenya, Open Loans Kenya connects borrowers and lenders from Nairobi to Mombasa to Kisumu, etc. The idea is to create a very efficient loans marketplace in Kenya.
Open Loans Kenya also provides Kenyans with investment opportunities. A private person in Kenya with excess cash can use the app as a way to invest. He can lend the money to another Kenyan he finds on Open Loans Kenya and earn an interest. He can secure himself by taking possession of security such as a car or a title deed.
Borrowers in Kenya can borrow from private persons as well as banks and other financial institutions in Kenya that they find (or find them on Open Loans Kenya).
In Kenya, it is legal for anyone to lend money. The Banking Act (CAP 488 of the Laws of Kenya) only regulates people who take one person's money for onward lending to another person. As long as you are lending your own money, you do not need a banking licence in Kenya.
About Open Loans Kenya
Open Loans Kenya is a free app for Android published in the Chat & Instant Messaging list of apps, part of Communications.
The company that develops Open Loans Kenya is Viva PS. The latest version released by its developer is 1.27. This app was rated by 3 users of our site and has an average rating of 3.0.
To install Open Loans Kenya on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2017-01-17 and was downloaded 429 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Open Loans Kenya as malware as malware if the download link to com.viva.openloans is broken.
How to install Open Loans Kenya on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Open Loans Kenya is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Open Loans Kenya will be shown. Click on Accept to continue the process.
- Open Loans Kenya will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
