Oya Loans Kenya: Your Trusted Business Loan Partner
Due to the harsh economy, many Kenyan businesses now rely on loans to servive, Oya Loans– Oya Credit Ltd has quickly built a name for itself as one of the most genuine and accessible business loan providers in Kenya. Under the leadership of CEO Wickliffe Ochola, Oya Loans (operated by Oya Credit Ltd) stands out for offering quick, flexible, and affordable business loans to Kenyan entrepreneurs and small business owners—without the need for collateral or CRB checks.
Below is a comprehensive guide to everything you need to know about Oya Loans Kenya.
What is Oya Loans Kenya?
Oya Loans Kenya, operated by Oya Credit Ltd, is a licensed business lending company that supports micro, small, and medium enterprises (MSMEs) across Kenya. The company was formed to bridge the financing gap for Kenyans who are often left out by traditional banking systems.
Unlike most digital lenders that rely on apps and rigid credit assessments, Oya Loans has a human-centric approach: it provides personal loan officers to guide borrowers through the application, disbursement, and repayment process.
Leadership – CEO Wickliffe Ochola
At the helm of Oya Loans is Mr. Wickliffe Ochola, a respected leader in Kenya’s microfinance and digital lending space. His leadership has positioned Oya as a trusted and professional lender focused on responsible and ethical lending practices.
Loan Products Offered by Oya Loans
Oya Loans Kenya provides quick business loans starting from as low as KES 5,000. These loans are:
- Collateral-free
- Fast disbursing
- No CRB check required
- Low interest rates
- Flexible repayment options
Loan Features:
| Feature | Details |
|---|---|
| Minimum Loan Amount | KES 5,000 |
| Maximum Loan Amount | Varies by borrower profile |
| Interest Rates | Low and affordable |
| Repayment Period | From 30 days and above |
| Disbursement | Directly to M-Pesa upon approval |
| Collateral Required | ❌ None |
| CRB Check | ❌ Not required |
How to Apply for an Oya Loan
Applying for a loan from Oya Loans is simple, fast, and guided by a dedicated loan officer. Here’s how:
Step-by-Step Application Process:
- Visit your nearest Oya Loans branch – Speak to a loan officer in person.
- Call Customer Support at +254 709 030000 to get connected to a loan officer.
- Discuss your loan needs – The loan officer will assess your needs and eligibility.
- Submit required documents – Typically includes a valid national ID, business details, and contact information.
- Approval and disbursement – Once approved, your loan will be sent to your M-Pesa account.
- Repayment guidance – Your loan officer will help you structure your repayment plan and remind you of due dates.
Repayment of Oya Loans
Oya Loans repayment is designed to be flexible and easy. You don’t need to remember complicated steps. Your loan officer will guide you through the repayment schedule and offer solutions if you encounter difficulties.
Payments are typically made through M-Pesa, and details for repayment are provided during the loan disbursement process.
Is Oya Loans Legit?
Yes, Oya Loans is 100% legitimate.
- Registered under the Companies Act, 2015 – Oya Credit Ltd is legally recognized as a financial institution in Kenya.
- Letter of No Objection from the Central Bank of Kenya (CBK) – This confirms that the company has been vetted and found compliant with financial service delivery standards.
- Physical branches and human support – Unlike shady loan apps, Oya operates openly with real people and real offices.
📞 Customer Support
For any queries, support, or loan application, reach out to Oya Loans Kenya through the following:
- Phone: +254 709 030000
- Visit: Your nearest Oya Loans branch (locations vary by town)
❓ Oya Credit Ltd – Frequently Asked Questions (FAQs)
1. What kind of loans does Oya offer?
Oya Loans specializes in business loans for small and medium-sized businesses across Kenya. These loans are quick, affordable, and require no collateral.
2. Do I need a CRB clearance to qualify?
No. Oya Loans does not check your CRB status during the application process.
3. Where do I receive my loan?
Once approved, your loan is sent directly to your M-Pesa account.
4. Can I apply online?
Currently, Oya Loans does not have an online application portal. You must visit a branch or call customer support to be assigned a loan officer.
5. What is the repayment period?
Loan repayment terms start from 30 days, with flexible plans depending on your repayment ability and agreement with the loan officer.
6. Do I need security or collateral to get a loan?
No. All Oya Loans are unsecured, meaning no collateral is required.
7. What documents are required to apply?
You’ll need:
- A valid Kenyan national ID
- A registered M-Pesa number
- Business details (type, location, size)
8. What happens if I delay repayment?
Your loan officer will reach out and help you restructure your repayment. Oya Loans prefers working with clients rather than penalizing them harshly.
9. Can I top up my loan?
Yes, subject to good repayment behavior and loan officer recommendation, you may qualify for a top-up loan.
10. Is Oya Loans a licensed lender?
Yes. Oya Credit Ltd is a registered company under the Companies Act and has received a letter of no objection from the CBK, verifying their operations are legal and ethical.
Final Thoughts
Oya Loans Kenya is a reliable financial lifeline for thousands of Kenyans seeking fast, friendly, and flexible business financing. Whether you’re a market trader, a salon owner, a boda boda rider, or a small business entrepreneur, Oya Loans gives you the opportunity to grow without the hassle of CRB scrutiny, collateral requirements, or long queues.
With professional loan officers, direct M-Pesa disbursements, and real human interaction, Oya is more than a lender—it’s a partner for growth.