L Pesa Microfinance - Micro Loan For Mobile Banking Customers

l pesa microfinance

L pesa microfinance is a worldwide mobile micro loan provider with its headquarters in Mwanza, Tanzania.L pesa makes it possible to borrow loans through mobile phones from different countries in different continents. Countries covered include at the moment ;Tanzania, Kenya, Uganda, Burundi, DRC, Fiji, South Africa, Rwanda, Egypt, Romania, India, Mozambique, Dominican Republic,USA, Lesotho, Trinidad and Tobago, Philipines and Jamaica.
L pesa services are delivered through a combination with mobile telecommunications companies termed as 'partners' in the above mentioned countries. Some of these partners include; Airtel,Safaricom, vodacom, Tigo,MTN, etisalat among others providing mobile banking services.

L pesa loans can be accessed through dialling *150*64# and sending to your mobile subscriber services provider or through the www.l-pesa.com website. The advantage with this service is that, a registered l pesa customer can borrow, send or receive money from any country, native or foreign and in any currency, though preferably in US Dollars.

How to register for l pesa
To qualify to be an l pesa customer, you must have a SIM Card registered to use mobile banking services for example;Airtel money and Mpesa in Kenya or Tanzania or Tigo pesa in Tanzania. Simple visit an agent for this step. Qualifying for a micro loan is a different thing! You must have been using your mobile banking account for at least six (6) months and have made more than ten(10) transactions within this time.

Loan Amounts
The starting loan amount for first time applicants is $5.This will be repayable within one month. After the first loan successful repayment, a borrower can then qualify for higher loan amounts up to $3000 to be repayable within longer periods of time.The loan will be converted to local currency when cashed out.After receiving your loan in your mobile banking account, a borrower can withdraw the same from an l pesa agent or partner.Importantly, you can still continue using native mobile money services for example, mpesa,Airtel money, Yu cash or Tigo Pesa without any alterations or obstacles.

Contacts
You can call Head Office in Mwanza on +255-22-219-6855 from 10am to 4pm on weekdays and from 10am to 2pm on Saturdays.If you visit www.l-pesa.com you can fill in a contact form and submit it to l pesa microfinance.