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…

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…

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…

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,…

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…

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 KenyaÔÇÖs leading entrepreneurs like Bidco AfricaÔÇÖs Chief Executive Vimal Shah among others. Here…

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…

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…