The DLAK association members include Tala, Alternative Circle, Stawika Capital, Zenka Finance, MyCredit, Okolea, LPesa, Kopacent, Four Kings Investment T/A Sotiwa, Mobile Financial Solutions (MFS), Kuwazo Capital, Finance Plan Ltd, Branch, VAELL Leasing, Roamtech solutions, Aspira, Mobfin, Fiberry, and Pesa zone. If you pay the loan you had defaulted plus other fines, the financial institution or company for instance Branch, Okash, KCB e.t.c that submitted your name to CRB will ask their Credit Reference Bureau agency to clear your name. Why Waiguru’s Ouster Will Collapse; Tanga Tanga Woman Rep Agrees to Work With Raila & Criminal Cops Won’t Be Protected – Charles Owino, Raila Bags Prestigious Tender From Govt, Atwoli Urges Senate to Save Waiguru for BBI’s Sake & Burundi Leader Nkurunziza Died of Covid-19 – Diplomats, Singer Dabenja Stuns World With Expensive Video For Latest Hit Song ‘Blessing’ Shot in LA, MC and Producer Visita makes Huge Comeback After Inking Deal with Candy and Candy Music, Gospel Artist Accused Of Stealing Sh72M With G4s Guards Finally Shares What Really Happened, Kakamega Artist Bruce Mfalme Proves He Can Be The Next Otile Brown After Dropping New Jam ‘Kokota’. Origination Fee: Range from NGN 1,229 – NGN 6,000 … As a new service, we are still in process of testing various methods for collecting bad debt, and we will evaluate the current practice in reference,” Opera communication manager Alejandro Viquez said. OKash makes it efficient for you to access credit anytime, anywhere. OKash makes it efficient for you to access credit anytime, anywhere. Its supposed to be borrower and lender not everyone to know. Follow me on Twitter @FmuliKE. Kenyans online say that the firm asks you for permission to access your contacts while installing their app, with the aim of texting them in case you default the loan. This is following Maraga's Friday... Singer Bahati and wife Diana Marua have been seriously trolled on Instagram after plaiting their son’s hair, making him look girly. Our latest version includes: By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments. } Apparently, O-Kash and OPesa will text or call your contacts in the event that you default on your loan repayment. } September 25, 2020, 1:19 PM. } catch(e) {}. Switch to the light mode that's kinder on your eyes at day time. pic.twitter.com/2xqpGepF9g, — The Wolf Of Aberdares (@montanabay39) January 2, 2019, Do you have a story you want told? The management claimed that the letter had a series of false and misleading accusations based on social media reports as opposed to factual knowledge about the debt collection process in OKash. “A disgracing app?? “My first loan was successful and I repaid. Is it in the terms and conditions when you install the app? On Tuesday, DLAK issued a statement warning the two organization noting that they have received complains from a majority of Kenyans. © Copyright 2020 Kahawatungu | All Rights Reserved, Kenyans Decry Breach Of Privacy By Okash, By Randomly Texting Contacts Upon Loan Default, Ex Deputy Director General Sammy Muchuki Becomes State Witness As DPP Drops Charges Against NYS Suspects, Moses Kuria Responds To President Uhuru’s “Washenzi” Remarks, Insists Mt. This might take 1 to 3 days. During last month’s Monetary Policy Committee press briefing, Central Bank Governor Patrick Njoroge criticized loan apps on  how they conduct their operations adding that their existence poses a major risk to the country’s financial system. Download our app from play store and get updates everyday for FREE. Here are some more reactions from Kenyans who have had a bad experience with the app; So OKASH has access to your phone contacts that when you default on your loan they call and send messages to random people in your contacts list and loan shame you… Wow! On Tuesday, DLAK issued a statement warning the two organization noting that they have received complains from a majority of Kenyans. Email your news TIPS to news@kahawatungu.com Also WhatsApp 0708677607 with your news tips. By reaching out to a customer’s contact list, Opesa and Okash rob the individual of basic dignity and consumer rights,” reads DLAK statement. NTSA summons rogue matatu driver and conductor for carrying... Romain Virgo returns to Kenya to thrill reggae fans. Press the button below. Please send an email to wpzerorz+dailyactive.info@gmail.com, Mobile Lending App Denies Harassing Loan Defaulters,Blames DLAK. The DLAK association members include Tala, Alternative Circle, Stawika Capital, Zenka Finance, MyCredit, Okolea, LPesa, Kopacent, Four Kings Investment T/A Sotiwa, Mobile Financial Solutions (MFS), Kuwazo Capital, Finance Plan Ltd, Branch, VAELL Leasing, Roamtech solutions, Aspira, Mobfin, Fiberry, and Pesa zone.

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