Well, the way I normally repay my m-coop cash loans is by
first depositing the funds into my cooperative bank account. So like I go to a
cooperative bank agent or to a cooperative bank branch and deposit the funds
into my main cooperative bank account there. Alternatively, I deposit the funds into
my cooperative bank account using the m-pesa pay bill number 400200.
Once the money is in my account, I dial *667# and follow the
steps to transfer the funds from my main cooperative bank account to my m-coop cash
account. And once the money is in my m-coop cash account, I then use it pay for
the loan.
I don’t know if there is a way of depositing funds directly into the
m-coop cash but the approach I am describing (of first depositing money into my
main cooperative bank account, then transferring the money from there to the
m-coop cash account) seems to work just as well for me. One trick I usually use
is that of ensuring that I pay 1 shilling extra to cater for any cents that may
be in my loan calculation (and to thus ensure that the loan doesn’t remain marked as ‘outstanding’).
Thus, for instance, if my m-coop cash loan amount was 10,050, I pay 10,051 to
have the extra 1 shilling cater for any cents that may be above the main
figure. That is just how I do it and it has so far worked well for me.
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