L-Pesa services are now available in Tanzania serving millions of Tigo Pesa subscribers, and by April 2017 more millions of Tanzanians, Vodacom M-Pesa subscribers will be able to experience these services. L-Pesa is transforming the financial market, ensuring better financial inclusion, faster and more efficiently that traditional financial institutions.
L-Pesa enables mobile phone users to access micro-loans services that will make it easy for them to elevate their finances. Vodacom users will have the change to register for the modern L-Pesa services, so that they can immediately gain access to microloans. Registration is a quick, one step process. A registered person will be able to start with micro-loans valued at $1, with the option of increases the minimum amount over time to the tune of $3000. Access to these funds may be just what a person needs to transform their professional or personal state.
Once registered on L-Pesa, the entire mobile banking experience on Vodacom will change. You will have the chance to pay back your loan in small and manageable installments. If you pay back your loan in time, and in the right amounts, then you elevate your unique credit score. With a high credit score, you gain access to more and more funds.