As the coronavirus pandemic continues to disrupt economic livelihoods of many Kenyans, OPesa digital lender has sought to give its borrowers a sigh of relief by waiving loan penalties.
This follows the leading lender's Monday announcement that it will with immediate effect offer a 50 per cent waiver on penalties that some borrowers had been slapped with as a result of late repayment, way long before the viral contagion was reported in Kenya.
This will basically mean that if, for instance, you had borrowed Sh5,000 from OPesa, currently, your loan balance stands at Sh7000. But with the 50% waiver on accrued penalty, you will only have to pay Sh6000 after which your penalty is waived.
The waiver, OPesa notes, is in line with government's appeal to local lenders including banks to help borrowers with loans that fell due before and during the pandemic, mitigate the impact occasioned by the COVID-19 virus.
The move will also help such OPesa borrowers to regain their good credit profiles that may have been affected negatively by late repayment and the resultant penalties.
HOW TO PAY OPESA
• SELECT MPESA
• PAYBILL
• ENTER 606280
• ACCOUNT ANUMBER – CELL PHONE NUMBER
• ENTER AMOUNT
• ENTER PIN
