Refer a friend terms and conditions

Refer a friend terms and conditions

Refer a friend terms and conditions

Kenya

Kamoa Refer & Earn: Earn Real Money with Your Friends!

Share the love, earn rewards! Inviting your friends to Kamoa is a fun and easy way to earn real money while helping them access affordable loans. Here's how it works:

Share Your Unique Code:

  1. Sign up for Kamoa and upload a valid Mpesa statement (it's quick and easy!).

  2. Find your unique referral code in the app.

  3. Share it with your friends and family! You can share it on social media, text it, or tell them in person.

Earn Up to Ksh 1,600 Per Month:

  • Each friend who signs up using your code and uploads a valid Mpesa statement earns you Ksh 80!

  • Refer up to 10 friends per month and watch your rewards grow.

  • After a month, complete tasks in the app to unlock even more referral slots!

Go Gold & Earn BIG:

  • Apply for and repay a Kamoa loan on time to unlock Gold Referrals.

  • Earn a whopping Ksh 160 per friend who signs up with your Gold code, takes a loan, and repays on time!

  • Share your Gold code with 10 friends per month and earn up to an additional Ksh 1,600!

That's right, you can earn up to Ksh 3,200 per month by referring friends!

Terms and conditions

Refer a Friend’ and ‘Earn with Kamoa’ are time-limited promotions.

Kamoa reserves the right to change the terms of the promotion at any time. This can include, but is not limited to, changing the number of tokens awarded to users for making referrals and the conditions under which a user unlocks the ability to refer at both Standard and Gold levels.

The initial promotional period runs from 01 January 2024 - 31 March 2024.Each user will unlock the ability to refer friends only once they have signed up to Kamoa themselves. This means you need to download the app, register your phone number and upload a valid Mpesa statement to be able to refer friends.

Valid Mpesa statements need to cover at least 6 months of transactions and be generated the same day as when they are uploaded. They need to be from your main Mpsea account and this needs to be the account connected to the phone number you used to register on the Kamoa platform.

Rewards are granted in the form of Kamoa Tokens. Each Kamoa Token is valued at Ksh 10. You will earn 8 tokens per successful referral.

A successful referral is where a user signs up using your referral code, registers their phone number and personal details and uploads a valid mpesa statements.

Once Kamoa Tokens are added to your wallet, you can cash out at any time.

When you cash out, the Kamoa Tokens will be converted into Kenyan Shillings and deposited in the Mpesa account connected to the phone number you used to register on the app.

We cannot pay out rewards to any other Mpesa account than the one you registered when signing up for Kamoa.

All users are limited to a maximum of 10 Standard referrals per month and 10 Gold referrals per month. You can share the codes as many times as you like, but you will be rewarded only for the first 10 friends that sign up and upload an Mpesa (or the first 10 that get a loan and repay if you are using Gold referrals).

Your quota for referrals each month will reset after 30 days or on the 1st of the following month, whichever comes last.

You cannot be rewarded for referring users that have already downloaded and signed up for Kamoa. This offer only applies to new users.

The ‘Earn with Kamoa’ offer is designed to help Kamoa grow and reach more people who want to build access to affordable and sustainable lending products. We want to reward those who refer good borrowers and help their friends access better loans. But we do have to reserve the right not to pay a reward if we feel someone is using the offer dishonestly.

Ready to start earning? Share your Kamoa code today!

FAQs:

How do I know if my referral was successful?
You'll see your rewards reflected in the "Kamoa Earn" section of your app.


When will I receive my cash?
Once you cash out, your Tokens will be converted to Kenyan Shillings and deposited into your Mpesa account within 24 hours.

Join the Kamoa community and start earning today!

KAMOA APP Ltd is a company incorporated and registered in Mauritius with company number 192016 and its registered office address is at c/o Ocorian Corporate Services Limited Wall Street Level 6, Tower A, 1 Exchange Square EBENE.

Kamoa is not a lender

We help users find the best loans available to them.

The lenders on the Kamoa platform offer loans from 500 Ksh to 1.5m Ksh or from 1,500 Nairas to 5m Nairas. Loan terms range from 9 weeks to 10 years. Interest rates range depending on product and lender, with a maximum daily interest rate of 0.8% (0.48% per day representative)

Interest rates vary depending on a number of factors including your repayment history. All interest rates are presented to users of Kamoa via a payment schedule and on the pre-agreement, before any loan agreement is made. There are no additional fees associated with the loans Kamoa lenders make available on the app.

Representative example: If you borrow Ksh 2,000 Over 9 weeks At 0.48% per day (174% APR), you would make nine repayments of Ksh 233,35 per week. You would repay Ksh 1600.52 in total. The total cost of credit Would be Ksh 600.52. Kamoa is a free service and there are no additional fees for users.

KAMOA APP Ltd is a company incorporated and registered in Mauritius with company number 192016 and its registered office address is at c/o Ocorian Corporate Services Limited Wall Street Level 6, Tower A, 1 Exchange Square EBENE.

Kamoa is not a lender

We help users find the best loans available to them.

The lenders on the Kamoa platform offer loans from 500 Ksh to 1.5m Ksh or from 1,500 Nairas to 5m Nairas. Loan terms range from 9 weeks to 10 years. Interest rates range depending on product and lender, with a maximum daily interest rate of 0.8% (0.48% per day representative)

Interest rates vary depending on a number of factors including your repayment history. All interest rates are presented to users of Kamoa via a payment schedule and on the pre-agreement, before any loan agreement is made. There are no additional fees associated with the loans Kamoa lenders make available on the app.

Representative example: If you borrow Ksh 2,000 Over 9 weeks At 0.48% per day (174% APR), you would make nine repayments of Ksh 233,35 per week. You would repay Ksh 1600.52 in total. The total cost of credit Would be Ksh 600.52. Kamoa is a free service and there are no additional fees for users.

KAMOA APP Ltd is a company incorporated and registered in Mauritius with company number 192016 and its registered office address is at c/o Ocorian Corporate Services Limited Wall Street Level 6, Tower A, 1 Exchange Square EBENE.

Kamoa is not a lender

We help users find the best loans available to them.

The lenders on the Kamoa platform offer loans from 500 Ksh to 1.5m Ksh or from 1,500 Nairas to 5m Nairas. Loan terms range from 9 weeks to 10 years. Interest rates range depending on product and lender, with a maximum daily interest rate of 0.8% (0.48% per day representative)

Interest rates vary depending on a number of factors including your repayment history. All interest rates are presented to users of Kamoa via a payment schedule and on the pre-agreement, before any loan agreement is made. There are no additional fees associated with the loans Kamoa lenders make available on the app.

Representative example: If you borrow Ksh 2,000 Over 9 weeks At 0.48% per day (174% APR), you would make nine repayments of Ksh 233,35 per week. You would repay Ksh 1600.52 in total. The total cost of credit Would be Ksh 600.52. Kamoa is a free service and there are no additional fees for users.