Micro-Lending

Micro-Lending

The mobile loan origination (Micro-lending) product has been created with the purpose of enabling pre-qualified individuals within a SACCO/Microfinance Bank to be able to apply for microloans and receive the facility in near real-time on their mobile wallets (M-pesa).

General system features will include:

  • The registration procedure for new users/members
  • USSD functionality for users / SACCO/MFB members to access the application
  • The loan prequalification scoring procedures
  • Loan disbursement and repayment via M-pesa
  • SMS alerts and reminders
  • System security
  • Reporting module

The product seeks to offer microloans to Sacco and MFB members on a short term revolving or one off basis with repayment periods being either monthly or weekly.

Pricing

2% of the charged interest.

Development.Integrations.Payments
Internships | Privacy Policy
Copyright © 2017 Pi Consulting Services Limited.