How is it beneficial to avail microloan from L-Pesa?
Presently there are many organisations offering microloans to people in need of money. All these organisations follow a procedure to avail the microloan. The procedure includes documentation for the loan, verification of the loan and the loan processing. Now, every segment of the procedure may take some time for completion. Only after the completion of this whole procedure one can receive the microloan.
Benefits in availing microloans from L- PESA No documentation: L-Pesa is a financial services company which offers microloan from mobile banking. So, all you need to do is register your mobile number with L-Pesa and apply for the microloan. There is no need to do any kind of documentation, which is generally required to apply for any loan. Moreover L-Pesa has kept the registration even simple for its customers. Following are the steps to register your mobile number with L-Pesa for microloans- Go to www.L-pesa.com. - Click on Login button and fill the mobile number in specified coloumn. - Click on the button “Register Now� and wait to receive a message on the registered number. - Now use the registered mobile number and the received four digit code to login.
No verification:- L-Pesa does not involve its customers into any kind of verification process to avail microloans. Once you login and enter into L-Pesa dashboard, you can see the list of available
microloans. Initially you are eligible for a microloan of $5 with L-Pesa according to your credit score. You will receive this microloan amount into your M-Pesa account only.
Credit score:- with L-Pesa reflects your credibility to repay the microloan amount within specified time. Therefore initially this score will be zero as it's your first microloan from L-Pesa. Once you avail the first loan and pay it back in time, your credit score increases and you get eligible for another micrloan of higher amount.
ZERO Interest rate: The tough part about any loan is interest rate applied on it, as it gradually increases the actual loan amount to be paid back. LPesa has given a big relief to many by offering microlaons at zero interest rate. That means what you receive as a loan; you pay back the same amount to Lpesa, but within a specific time.
All these benefits are available to everyone who is in need of a microloan from L-Pesa. Register your mobile number now with L-pesa and apply for microloan. To know more about L-Pesa and the registration process, visit:- www.l-pesa.com .