Olowo makes a small loan behave like a proper agreement. What you are borrowing, what it costs, what you owe on any given day, and what happens if you are late — written down, agreed, and tracked by both sides. One app for borrowers, one for lenders, one marketplace in between.
Olowo For borrowers
Olowo Lender For lendersBoth apps are on Google Play and the App Store. Everything is on the web too — same account, same figures, any browser.
Olowo is for the person who needs the money. Olowo Lender is for the institution or agency that has it. They meet on one marketplace, sign one agreement, and look at the same ledger.
Post a request, compare offers, accept one, repay on a schedule — and build a credit score you carry everywhere.
Browse open requests with each borrower's credit score, make offers on your own terms, and run your whole book from your pocket.
Post the amount, how long, and what it is for. Every approved lender whose terms fit can see it the moment it goes live.
Lenders reply with a rate, a charge and a schedule. Compare on the total repayable, then accept one — the rest withdraw automatically.
Every instalment with its date and a reminder before it is due. Each confirmed repayment lowers your balance and lifts your score.
Everything a borrower needs, on a phone, built around what usually goes wrong with a small loan.
Post what you need once. Every approved lender whose terms fit sees it and replies with their own rate. You pick — or walk away.
Rates are quoted a dozen ways. Olowo shows the one figure that compares like with like: the total you will hand over, charge included.
Interest is a flat percentage of the amount borrowed. It does not roll over, and it does not grow while you sleep.
Every instalment with its date, a nudge before it is due rather than a phone call after, and a next-due date that moves as you pay.
Every on-time repayment is recorded and lenders see it on your next request. Your history is yours, not locked in one lender's ledger.
Ask about your loans, repayments and savings in plain language and get a plan that fits what you actually have — not generic tips.
Principal, interest, service charge, outstanding balance and every repayment — the same figures on your screen and the lender's.
No automatic deductions, no hidden roll-overs, no access to your contacts. You post, you accept, you repay — each step is yours.
The rate range is the range lenders on Olowo actually offer right now.
Interest is charged once on the amount borrowed, not compounded. A lender may add a service charge, shown in their offer before you accept.
The advisor inside Olowo can see your loans, repayments, credit score and Ayanda savings. It reads where you stand, builds a realistic plan for the month from what you actually have, and tells you what to pay off first — in plain language, in the app.
Two active loans, 48,000 outstanding, next instalment due in 6 days. Your position this month: stretched, not overextended.
The 12% agreement costs you more per month than the 7% one. Clear it first; the service charge is already paid.
Pay the minimum on the 7% loan, put the rest on the 12% balance, and tell the lender before the date if you will be short.
Your score is built from your behaviour on Olowo, and lenders see it on every request you post. On-time repayments raise it steadily; a late one lowers it; a long record of loans repaid properly matters more than any single loan.
Not scored yet? Your first agreement starts the record.
Olowo LenderOlowo Lender is the institution and agency side of the marketplace: see every open request with the borrower's credit score and purpose, make offers on your own published terms, confirm each repayment as it reaches you, and keep a commission statement that writes itself.
Every open loan request on the marketplace, with amount, duration, purpose, the borrower's credit score and how long it has been live.
Publish a minimum and maximum loan, a minimum and maximum rate, and your service charge. Requests outside your range are flagged before you offer.
A rate, an optional note to the borrower, place. Your pending offers are listed on the request; withdraw one until it is accepted.
Out with borrowers, active loans, defaulted — every agreement with principal, interest, service charge, outstanding balance and maturity date.
A borrower records a repayment; it counts only when you confirm it reached you. The balance updates on both screens at once.
Ayanda takes a small share of the interest you actually collect, line by line as you confirm repayments. Nothing collected, nothing owed.
Create an organisation account, describe your organisation and set your lending terms. Ayanda reviews the application and emails you.
Approved, your offers go live. Browse the marketplace, read the score and the purpose, and offer where the numbers make sense.
An accepted offer becomes an agreement with a schedule both sides see. Confirm repayments as they land; your statement updates itself.
Most lending apps give you one rate, take it or leave it, and keep the real cost for the last instalment. Olowo was built from the other direction: start with what people argue about afterwards, and write every one of those things down before anyone commits.
OlowoA typical loan appEvery lender on the marketplace is approved by Ayanda before their offers go live. An accepted offer becomes a written agreement with one schedule and one ledger both sides see. A repayment counts only when the lender confirms it reached them. Olowo never reads your contacts, never deducts without you, and you can delete your account from inside the app at any time.
Download Olowo if you need the money, Olowo Lender if you have it — and post, or offer, tonight.
Olowo For borrowers Olowo Lender For lendersFree to download · No subscription for lenders · One Ayanda account everywhere