Mkopo ChapChap is a user-friendly loan app developed by FunTech Solutions. Designed for Android devices, this free app provides a convenient way to access small loans for personal or business needs. With a support team available 24/7, users can get assistance whenever they encounter any issues.

The app offers loans ranging from 2500 Tsh to 500,000 Tsh, with a loan tenure of 91 days to 365 days. The Annual Percentage Rate (APR) varies from a minimum of 12% to a maximum of 50%. Notably, there is no service fee associated with these loans.

For example, if you borrow 6000 Tsh with an APR of 44% per annum and a tenure of 180 days, the service fee is 0%. The interest you would need to repay amounts to 1080 Tsh, resulting in a total repayment of 6000 TshTsh loan amount + 1080 Tsh interest).

Repayment options include a one-time repayment of 6000 Tsh after 180 days or monthly repayments of 1000 Tsh over a 6-month period.