Mkopo - meaning and examples in Kenya

Mkopo is a Swahili word meaning 'loan'. In plural the word changes to mikopo which means 'loans' in English. 

Swahili also known as Kiswahili is a widely spoken language in the East African region. In Tanzania for example Swahili is the National Official language. Kiswahili is the second official language in Kenya after English.

Loan is a popular word in any language due to its importance. For this reason the Swahili word mkopo is popular.

I have an English version of this article which you can also check below; 

Read ; Loans in Kenya - what you need to know

Mkopo in Kenya 

In Kenya there are a wide variety of loan facilities and types. If we're going to use the words mkopo and mikopo ,the list below will serve as some of the loan examples; 

• Mikopo ya biashara (business loans) 
• Mikopo ya simu/rununu ( mobile loans)
• Mikopo ya boda boda ( motorbike loans) 
• Mikopo ya magari ( car/vehicle loans) 
• Mikopo ya ukulima ( agriloans )
• Mkopo wa riba ( interest loan)
• Mikopo ya waislamu ( Shari'ah loans) 

Being the widely used word, some lenders have actually used mkopo in coming up with brand names. These Include; 

1. Mkopo Haraka
2. Mkopo Rahisi (Tala) 
3. Mkopo Chap chap

Advertisements