There are many people who do not have access to formal finance through banks and financial institutions. This can happen for a range of reasons, beginning with intimidation and a lack of understanding on how formal finance institutions work. When people lack the proper education on financial products, they simply do not use them, and…

Microfinance, also known as microcredit, is as a way of extending a small loan or any other form of credit, checking, insurance products or savings to people who donÔÇÖt have access to capital. Through microfinance loans, people living in developing countries can become financial independent and improve their standards of living. With a majority of…

More than 2 billion people in the world remain unbanked, without any access to affordable, safe and secure financing services. They donÔÇÖt have access to the financial services they need to protect their assets and invest in their livelihoods. The conventional bricks-and-mortar system of banking is too expensive for the poor, especially in rural areas.…

Progressive and innovative finance is now in the market, thanks to L-Pesa Progressive microloan services. Mobile banking has been revolutionized by service providers such as Vodafone and their M-Pesa services. L-Pesa is taking these services one step further, by making it possible to borrow money, when you need it using your mobile phone. This service…

L-Pesa services are revolutionary, transforming mobile banking for anyone with access to a mobile device. With L-Pesa, one can carry apply for micro-loans, which have very favorable terms for repayment. This makes it easier for more people to attain financial inclusion. L-Pesa registration has been carried out using their advanced website, through an easy one…

Getting started with L-Pesa is simple and straightforward, as the registration process takes one simple process. Once you have filled in your basic details, the step is to go through the verification process. After you have been verified, it becomes possible to gain access to a microloan. Here are the steps that you need to…

L-Pesa microloan customers now have a reason to celebrate their latest service offering. The progressive finance provider is adding a weekly sweepstake for extra value to what is already on offer. With this, L-Pesa customers can use funds from their savings, to elevate their account balances and also win money to build on deposits. In…

L-Pesa set to transform financial inclusion in Kenya In the third quarter of 2016, the Central Bank of Kenya has approved the services of microloan provider L-Pesa. This innovative platform is set to transform financial inclusion in Kenya, by making it possible for any registered mobile phone user to access microloans for their personal and…

The modern financial micro-loan service, L-Pesa, continues to grow from strength to strength in Tanzania. When you sign up for the service, you get rewarded with an increasing credit score when you pay back all your loans in time and in the right installments. The highly successful credit score system in L-Pesa is now going…