PesaPata

We believe individuals will readily assist their friends in times of need if they can trust that their funds will be secure. This is where PesaPata comes in with a straightforward and meaningful objective. We empower you, as our agent, to lend to pre-vetted clients at competitive rates (up to 0.5% per day) while borrowers benefit from interest rates as low as 1%. All this is accessible conveniently via your mobile phone.

KEY PESAPATA BENEFITS

1. Earn interest: Lenders can earn over 0.5% daily interest on issued loans.
2. Borrowers enjoy a minimal interest rate of 1%.
3. PesaPata Credit Score: Borrowers undergo creditworthiness evaluation and receive a credit score to ensure lending to reliable clients.
4. Money-back guarantee: We automatically assume loans overdue for more than 60 days at their principal value.
5. Real-time transactions: Instant loan disbursement to the borrower's MPESA account upon lender selection without any delays.
6. Secure platform: Borrow and lend money on a secure and reliable platform.
7. User-friendly interface: Fast and easy app download and installation with a friendly user interface.

LOAN TERMS

You can select your loan repayment duration for personal loans ranging from Ksh.500 to Ksh.20,000.

LOAN RATES AND FEES

• Service fee: 1% - 30%
• Minimum repayment period: 60 days
• Maximum repayment period: 61 days
• Maximum Annual Percentage Rate: 197.46%
• Onboarding fee: None
• Late fee: one-time fee of 5% of the borrowed principal amount

Example: A 60-day loan with a principal of KES 500 attracts an interest of KES 150. The lender receives a facilitation fee of KES 60, and platform charges amount to KES 90. The system generates a flexible repayment schedule for the borrower, and the total repayment due by the end of the term is KES 650.

PRIVACY AND PERMISSIONS

Upon downloading PesaPata, users will be prompted to accept terms, conditions, and permissions required to verify identity, create credit scores, facilitate immediate loan processing, which may include accessing contacts, SMS’, and relevant data. Rest assured, Pesapata values your privacy and commits not to share or disclose personal information without explicit permission or indulge in selling data to third parties.

CONTACT US

The terms of use and privacy policy are available on the app and our website at www.pesapata.com. For inquiries or assistance, reach out to us at [email protected] or call us at 0707 000 222. Connect with us on Facebook and Twitter at https://twitter.com/pesapata_ke.