This archive report was first published on 5 December 2019.
On December 5, 2019, Okolea, a pioneering digital lender, made a significant move by launching an iOS app, catering to the growing number of local Apple device users in the region.
This strategic decision sets Okolea apart from its competitors, who primarily operate on the Android platform, giving the company a competitive edge in the market.
Okolea's innovative approach extends to its loan offerings, allowing users to have up to three loans simultaneously, a feature not commonly found in other digital lenders.
The company's instant loans to bank option has been particularly beneficial for SME owners, enabling them to receive loans directly and instantly into their bank accounts, up to a maximum of KES 1 million.
This innovative solution has earned Okolea recognition, with the company being voted as the first runners-up in the Financial Inclusion Awards 2019 under the best preferred non-banking app category.
Okolea's commitment to financial inclusion is evident in its mission to responsibly provide credit to those who need it most, as stated by Mr. Muraya, Okolea's CEO.
The company's dedication to promoting financial inclusivity has also been recognized through its win at the Top Women in Business Awards 2019, under the Best in Finance category.
Okolea continues to solidify its position as a leading locally owned digital lender in Kenya, prioritizing its clients' needs and creating products that improve financial inclusivity.
