Whether Overdrive is available on Kobo devices is based on your Kobo account. If the address is in a country that has OD enabled, then the device should have OD enabled. You can change this in the Kobo store, but, it also affect the store for buying books.
It is possible that changing it, setting up the OD connection and then changing it back will allow books borrowed via Libby to be downloaded to the device if they match to a book in the store. I think someone has done this successfully, but, I'm not sure.
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