Rukisha app helps the customers save as they transact using an inbuilt wallet.
2% is the default rate that will be send to your Individual pension fund but the percentage is configurable to 30%.
You can also borrow check off loans after signing an MOU with an employer.
Monthly interest is 10% for 1 month loans, 12% for yearly loans. The loans differ depending on the agreement signed by the Employer.
Minimum loan payment period is 3 months
maximum loan payment period is 13 months
example
Monthly Loan
Principal - Ksh 10000
Interest rate 10% = 1000
Processing fees 1% = 100
Tax applied = 20% * (100 + 1000) = 220

Payable Amount = Principal + Interest = 11,000
Amount to be received = Principal - fees - tax = 9680
Monthly Payment = Payable Amount /loan period in months = 11000/1 = 11000