Go to any highly developed country and one thing that you will notice is that people have a better standard of living, and the ability to afford items that make their lives better. This is not because everyone in these countries is rich. It is because they have one thing that they can depend on, ad that is their access to finance and credit. Credit enables people to purchase items and pay for them over time, so that they can easily improve their lives. In more developing countries, it is challenging to gain access to credit, especially as there are so many barriers in place from financial institutions.
This means that many people are stuck in a bad financial space, unable to get access to funds that could help them live well. These people have different rates of literacy, or the collateral required for them to gain access to finance. This is the gap that financial progressive finances services from L-Pesa, will fill in the market.

L-Pesa Microloans
To change your financial status, consider the microloan services that you can get from L-Pesa. With L-Pesa, you start off by taking out a small loan, for example, $5. You will then have a fixed period of time to pay back this loan in full, using small installments. For example, you will have five weeks to pay back a $5 loan, which comes to a little over $1 a week due to the interest. With payments being this low, it is possible to repay the loan without strain within the time expected.
Once the loan has been paid back, you will have a credit score that increases, which is an indication that you can be trusted with the microloan process. The higher your credit score, the more money that you can borrow. Consider this, in a short period of time you will be able to take loans that extend up to $3000!!
With L-Pesa microloans, the processes are cut short making it easier to get access to the first loan. There are no long forms that need to be filled out, and the approval process takes minutes instead of weeks. Everything is done using your mobile phone, and the main criteria is that you should be of age and have an L-Pesa account. There is no need to have collateral to gain access to your first loans. This means that the main barriers that were holding you back with formal financial institutions have been excluded, so that anyone, from anywhere can gain access to finance.
To change your finances, all you need to do is follow through with the L-Pesa processes as expected. Once you have built up your portfolio on L-Pesa by paying back loans as expected and on time, the sky is the limit to the amount of finance that you can access. This means that you can build a home, a business and improve your life with ease. Visit L-Pesa and try out the services today to change your finances.