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;
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;
- Mkopo Haraka
- Mkopo Rahisi (Tala)
- Mkopo Chap chap
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