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Tuesday, March 26, 2019

How to Repay MCo-op Cash Loan Via Mpesa

mcoop cash pin retrieval
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MCo-op cash is a mobile banking loan application by Co-operative Bank that offer various services to their esteemed clients among them:

1. Loan application.
2. Save or deposit money.
3. Send money to another person using different mobile money services.
4. Send money to someone with MCo-op cash account, Sacco account or Co-operative bank account.
5. Withdraw money from any Co-operative ATM machine or Co-operative agent.
6. Purchase airtime.
7. Pay bills, e.g.: Insurance, KRA Tax, DSTV and KPLC.
8. Pay for various goods and services.
9. Pay school fees or house rent.
10. Check your Co-operative bank balance and also get mini statement.
11. Purchase, sell or transfer shares.
12. Receive SMS alerts for credits and debits.

One can borrow up to Ksh. 200,000 and their repayment period is 3 months.

Below is a detailed procedure on how to pay MCoop cash loan from Mpesa.

1. On your sim toolkit go to Mpesa menu.
2. Choose Lipa na Mpesa.
3. Choose Pay Bill.
4. On the business number section enter 400200.
5. Key in your bank account number.
6. Enter the amount you wish to repay.
7. Key in your Mpesa PIN number and click OL.
8. You will receive a confirmation message from Mpesa.

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