Why Financial Education Matters Before Borrowing
Access to credit can be a powerful financial tool when used responsibly. Loans can help individuals manage emergencies, grow businesses, pay for education, or smooth out short-term cash flow challenges. However, borrowing without a clear understanding of loan terms can quickly lead to debt stress.
Many loan products — especially mobile loan apps — advertise fast approval and instant disbursement. While convenience is appealing, the real cost of borrowing often lies in interest rates, processing fees, penalties, and short repayment periods. These factors are not always obvious at first glance.
At Epesaloans, we focus on explaining how loans actually work in Kenya, what borrowers should look out for, and how to evaluate different options objectively. Our content is written to help users compare lenders responsibly rather than rushing into borrowing decisions.