Baraka Fintech is a free loan application available on the Android platform. The app allows users to access Baraka loan services, provided they are over 18 years old and have an active Mpesa account. The loan amount limit is determined by the loan repayment history and credit history of the loan applicant. The credit history is derived from credit reference bureaus (CRB).

The loan amount ranges from Ksh 500 to Ksh 100,000, with a minimum repayment duration of 91 days and a maximum of 36 months. The interest rate is 26% and the Annual Percentage Rate (APR) is also 26%. For example, if you borrow Ksh 10,000 for a year, the total cost of the loan will be Ksh 2,600, with a monthly repayment of Ksh 1,050. The interest calculation isx 10,000 = Ksh 2,600.