Kenya Quick Loan Shop- Open Loans Peer Lending App description

Welcome to Kenya Quick Loan app.
Lenders comply with the following terms:
1. Loan amount of between Ksh 2000 and Ksh 100000
2. APR of up to 24 % per annum
3. Short Term loan of 91 days
4. Long Term loan of 365 days
5. Origination fee
Example:
If borrower needs Ksh 10000, interest for one year lender offers will be 24% of 10000, which is Ksh 2400. There will be an ad fee of Ksh 200, so total will be Ksh 2600. No guarantees for negative CRB ratings.
Privacy and Permissions:
We collect email and telephone data from borrowers which we share with lenders. Downloading our app will give us access to that data. All your data is encrypted.
Information for Borrowers

As a borrower, we share your email contact with lenders, upon payment of nonrefundable advertising fee amounting to between Ksh 150 and Ksh 200. Please note that the app developers/managers are not lenders. They only facilitate a platform where lenders and borrowers connect through the loans app.
As a borrower, you can quicken the process of getting loan by using this loan app since lenders are individuals/companies that are waiting ready to invest their money and earn interest. Since it’s an open loans app, we neither facilitate signing of agreement nor arbitrate between borrowers and lenders. Our work ends when we publish your loan offer, and we do not guarantee that all will succeed. Your terms as a borrower will determine how fast you will get loan, not us! The assumption is that all users are aware of our role before transacting with us or any user of this loans app. Please do not send any fee to us before reading and understanding our app. Kindly use our email [email protected] for any inquiry on a lender, clarification or any other issue!

Information for lenders

As a lender, this is a platform to get borrowers to offer loans to. You are able to choose from many borrowers, and negotiate terms.
Lenders must comply with the terms above and our privacy policy guidelines bind them too. Please note that lending users must abide by the following:
1. Must not charge upfront fee or security deposit to access loan products unless they are registered by Central Bank of Kenya as a deposit taking institution
2. Must not charge higher than 30% APR annually.
3. Company lenders must have their business location verified for us to recommend them to borrowers
4. Individual lenders may be required to verify their identity for us to recommend them to borrowers
5. The shortest term loan must be more than 91 days

Any user of this loans app can be a lender/borrower. You can have this loans app if you wish to make money lending to borrowers, or you are in need of a lender.

Users of this loan app are recommended to observe due diligence when transacting with other app users. Kenya Quick Loans Shop is good to try for a desperate borrower. To many users, it comes in handy where banks, relatives, and other loan to MPESA apps prove hard to get help from.
This is an open loans or peer to peer lending app. This loans app is meant to be a platform geared to connect lenders and borrowers. If you are a borrower in need of quick long term loan, student loan, investment loan, business loan, emergency loan, medical loan, etc, you can download this loan app and fill a loan application form. Your loan offer, which means terms of your loan, will be published, and app users willing to lend you based on them will contact you if they like your offer, and sort your urgent need.
Contact:
Kenya Quick Loan shop
City Square, Haille Sellasie Avenue, 54860, Nairobi 00200
Email:[email protected]