Category: L-Pesa Financial Education

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Posted by: admin  September 10, 2017

Why More Women Are Encouraged To Take Microloans

When Muhammad Yunus, the father of microfinance, founded GreenBank, about 97% of his microloans were given to poor women. He has focused his efforts on women ever since. Why cater to the fairer sex? 1. Women use microloans better than men. As Yunus was growing his microfinance business in the 1980s and started lending small…

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Posted by: admin  September 8, 2017

L-Pesa FAQs and All Their Answers

What is L-Pesa? L-Pesa is the only provider of microloans to offer progressive financial solutions on mobile banking platforms. This means that anyone with a mobile device can open an L-Pesa account and then apply for a loan. What types of loans can one apply for? L-Pesa offers two primary microloan services: 1. An individual…

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Posted by: admin  September 1, 2017

How Small Businesses Can Benefit From Microloans

Finding credit to finance a small business is a daunting task. It is difficult to get an investor to fund your business or a bank loan when your business is small or new. This is where microloans/microcredit comes in. What Is A Microloan? A microloan is a small amount of money that is lent at…

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Posted by: admin  July 17, 2017

The Secrets of L-Pesa Revealed

When you first hear about L-Pesa, you are likely to believe that the services are too good to be true. This comes down to the fact that L-Pesa has the ability to offer anyone financial freedom, as long as they are above eighteen and have a mobile banking account through Microloans. L-Pesa makes it possible…

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Posted by: admin  July 2, 2017

How You Can Change Your Finances with A Simple Mobile Micro Loan

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,…

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Posted by: admin  May 25, 2017

Basic Finance with L-Pesa

L-Pesa is an innovative micro-loan service that makes it possible for everyone to gain access to financial services. This service is set to transform the landscape of access to finance, especially for those who find it challenging to gain access to finance from formal institutions. Here are some of the basic finance products that L-Pesa…

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Posted by: admin  May 16, 2017

How to Become an Entrepreneur in Kenya

In Kenya, there are many opportunities for entrepreneurs to create jobs and make money from businesses. However, in the search for the best opportunities, Kenyan entrepreneurs can make mistakes. Cephas Gakii, 26, the cofounder of Youngprenuers Hub has been rubbing should with Kenya’s leading entrepreneurs like Bidco Africa’s Chief Executive Vimal Shah among others. Here…

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Posted by: admin  May 5, 2017

How L-Pesa Microfinance Works

Microfinance provides low-interest loans to people who don’t have access to credit in order to promote entrepreneurship and economic growth. L-Pesa, a leading microfinance institution, operates in slums, neighborhoods and villages that lack typical financial resources and offer people a convenient and reliable way to borrow money. The microfinance has been very successful in a…

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Posted by: admin  April 25, 2017

Everything You Need to Know About Interest

Many people yearn for the chance to get their hands on a loan, for a range of reasons. However, there is one factor that may hold someone back, and that is interest. Interest is highly misunderstood. Some people believe that it is simply the bank trying to take as much money as possible from the…

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Posted by: admin  April 25, 2017

Financial Education and Liberation with L-Pesa

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…