Kwachaplus

CairoAI

About this app

KwachaPlus helps eligible borrowers apply for loans, review repayment terms, upload documents securely, and track balances, due dates, and repayments from one mobile app.

Loan disclosures
- Loan amounts depend on the product you qualify for and the lender's approval.
- Repayment period: 3 months to 12 months.
- Maximum APR: 48%.
- Representative example: Borrow ZMW 100,000 over 3 months at a 12% simple interest rate. You could make 3 monthly payments of ZMW 37,333.33. Total interest would be ZMW 12,000, total
fees would be ZMW 0, and the total amount repayable would be ZMW 112,000.

Borrowers can:
- Apply for eligible loan products from their phone
- Upload supporting documents securely
- Track application status in real time
- View loan balances, statements, and receipts
- Receive reminders before repayments are due
- Make repayments and monitor loan history

Loan officers and managers can:
- Review and process applications
- Update loan statuses and notes
- Monitor overdue accounts and portfolio activity
- Capture borrower KYC and collateral details in the field

Important
- Approval is subject to lender review and eligibility checks.
- Final loan terms are shown before acceptance.
- Interest rates vary by product and borrower profile.
- Late payment fees or other default charges, where applicable, are disclosed in the product details before submission.

What’s new

Various Bug Fixes