Okoa Stima app review

Okoa Stima app review

August 13, 2022 Off By TLK

Honest Okoa Stima app review. Okoa Stima app enables one to buy electricity tokens on credit.

The app ranks as the most expensive digital lending app by the Kenya Bankers Association (2019). The app attracts an interest rate of 43.4 percent pm. This translates to a whopping 521 percent interest per year.

You can borrow between KES 100 – KES 2000 to settle your electricity bills. Both prepay and post pay Kenya Power customers can use the service. Repayment period is seven days with 10 percent interest over the borrowed amount. If you fail to pay within agreable time, a penalty of 10 percent of original amount applies.

This means if you pay KES 1000, you will receive tokens worth KES 900 as charged by Kenya Power.

Okoa Stima app review shows its a Safaricom product. Safaricom makes it possible for customers to buy power tokens from Kenya Power on credit. The top up can be via the Safaricom app or through the USSD.

Okoa Stima USSD code is *885# which gives you the option of registering using your ID and metre number.