Kopesi Mobile App is a Demo App for Kopesi Financial System. It illustrates all the Functionalities of Kopesi System including Viewing of Loan Products, Loan Application, Pending Loans, Repay Loans, Wallet Account, Saving among other Functionalities. This is NOT a Lending Application and we do not Provide Lending or Saving Services. All these services are availed in this App for Demo Purposes to our Clients. The Provided Loan are set to have a 3-10 Months Repayment Period.
Details of a Sample Loan for Demo is provided below:

Loan Period - 5 Months
Monthly Interest Rate - 2%
Processing Fee - 1% Deducted Upfront
Applicable Maximum Annual Percentage Rate (APR) - 24%
Loan Principal - KES 20,000
Disbursable Amount - KES 19,800.00
Total Repayable Amount - 21,215.85
Total Cost of Borrowing on the borrowers for such a Loan is KES 3,125.85 (KES 2,000 Processing Fee + KES 1,215.85 Interest)

Repayment Plan

Month Installment Amount Interest Loan Balance
1 4,243.17 400 21,215.85
2 4,243.17 323.14 16,972.68
3 4,243.17 244.74 12,729.51
4 4,243.17 164.77 8,486.34
5 4,243.17 83.20 4,243.17