Efektivos is a Fintech company that offers a digital solution to apply for loans. Their Android app allows users to skip the queues, paperwork, and agency visits. To apply for a loan, users just need to download the app, complete their profile, and wait for the money to be deposited directly into their bank account. As users repay their loans, they can access higher amounts.

Efektivos offers different loan terms, ranging from 90 to 120 days, with a one-time service fee of 60% for loans with a 120-day term. For example, a Q1,loan with a 120-day term would have a total commission of Q600.00, making the total payment Q1,The Annual Percentage Rate (APR), which includes the interest rate and all annual costs, is 300%. The app requests access to the camera to upload paperwork and location to verify the user's identity.

Efektivos guarantees the security of user information and does not share it with third parties.