Kopo Kopo Overdraft
Manage your business cash flow with flexible credit that gives you access to extra funds when your account balance is low. Use Overdraft to pay suppliers, cover business expenses and keep your business moving.
With an approved limit from KSh 500 to KSh 100,000, you can access funds when you need them and repay automatically through your incoming payments.
How Overdraft works
Picture this scenario: You are in the middle of paying suppliers or handling your usual business expenses, and you realize your account balance is insufficient. This is where the overdraft comes into play, ensuring your business keeps moving forward despite expected or unexpected challenges.
Automatic repayments
Repaying your Overdraft is simple. We automatically apply your incoming payments towards your outstanding balance, helping you stay on track without manual repayments.
Running overdraft access
Need more funds? Not a problem. Overdraft provides you with a limit that you can tap into repeatedly until you have reached your qualified amount. This offers you peace of mind to focus on growing your business without interruptions.
Know what you are paying before you use your Overdraft. You will pay an interest rate of 0.75% per day on your outstanding balance with no hidden fees.
You get immediate access to a digital line of credit, available whenever you need it, right at your fingertips. There are no lengthy forms to fill out, and no waiting period for approval.
Enjoy our Overdraft facility completely free of charge when you settle the amount within the same day.