Wakala is a product by Malaika Africa Limited that provides lenders with a mobile phone based platform for them to create accounts, lend to customers and track payments made by their customers. Agents pay the entry fee for accounts that allow them to activate the accounts they want to lend with. All our transactions are mobile based and both customers and agents can access the platform using our USSD platform. The loans and repayments are disbursed and collected through our mobile money platforms.
By cutting out the large financial institution in the middle, lenders receive great returns and borrowers receive low cost, flexible personal loans.
Need more information?
You can find answers to most common questions on our FAQs page. If you have any other questions or would like some more information please Contact Us to speak with our friendly customer services team.