Pezesha means Financial Empowerment (Pesa and Wezesha). We are a financial marketplace. We connect investors to quality SMEs on our platform. SMEs are small and medium sized businesses looking for working capital to grow their business or finance an invoice, LPO financing or supply chain restock. On the other hand the investors are investors (Kenyan and international) who wish to support growth of the small business sector in Kenya while expecting a return on their investment.
A small business either as a sole proprietor or limited liability registered under Kenya laws in any sector.
The application process takes 24 Hours;
Between 2-7% p.m based on your credit score and when you pay on time we reduce the interest rates
M-pesa statement, Business permit or Paybill or Till statement or bank statement
Dial *334#, Select my account, select Mpesa statement, register your email and verify your pin
7-30 days and sometimes 60 days when you continue to borrow and repay on time with us and one can qualify up to 1 Million Kshs
Our SME loans go up to KES 1,000,000 and have flexible repayment options of 1-12 months period.
This is case by case depending on the risk of the business and loan amount. In most cases, if the SME has provided sufficient and accurate information during the loan application process, it should be sufficient to assess their loan eligibility. If we do require any form of security then our team will be in touch with you.
Anyone with a business can apply for a business loan including an existing consumer borrower. That said, you are required to fully repay your previous Pezesha loans in order to be eligible for a business loan. Your business must also be operating for at least 6 months to qualify for a business loan.
We encourage early repayments as this builds your credit score and helps the SME qualify for a higher business loan. We also offer discounts on early repayment.If the entire loan obligation is paid early, we will provide a refund of the interest amount for every month paid early (subject to a minimum of 2 months' interest payable). If you foresee any delays in paying your loan instalments, you need to contact us and put in writing within 7 days. Failure to contact us to inform us you will be late, we will take immediate action in relation to the agreement you have with Pezesha, this could entail, legal action, asset liquidation, blacklisting among other measures.
Yes. Pezesha sends reminder messages via SMS before and on the due date. We however advise you to also keep your own record of when you are supposed to make your repayments to avoid late payments and Penalties.
You can repay your loan through M-pesa with a business number of 898927 your account number is usually written out in the loan agreement but more than often it is the ID number given by the SME owner. One Can also pay through the our bank account which is usually provided in the loan agreement. Please contact us via [email protected] for bank details
Please write to us through our email [email protected] or 0758616419 for more details.
We take you through our Financial education program/Clinics which happens every Friday to learn more call 0758616419
Apart from offering access to finance, we offer financial education as a tool to guide and help the business to expound on their knowledge in matters related to management of finances. We also offer credit scoring, we then recommend SMEs with easy to use mobility tools that will track your business operations, credit sales, giving you full visibility, analytics efficiency and boost your credit score.
Pezesha promotes inclusion and therefore we give access to finance to all sectors.
Yes. We provide financing to all businesses in all parts of the country.
Immediately an SME gets funded they receive a message with the amount Funded, the total amount to repay the monthly installment amount as well as day the first installment is due.. Whenever you make a repayment towards clearing your loan you get an automatic sms indicating the amount repaid and the balance remaining. We also send a reminder SMS 2 days before the installment is due stating the amount and payment details. Incase you want to report back to us you can write to us via our email address [email protected]
We ensure a transparent and interactive communication with SMEs. The submitted documents provide both financial and business data to access the SMEs risk profile and loan limit. If you are not eligible to get a loan Pezesha gets in touch with you to explain the reason and guides you on ways to build a better credit score through our financial education platform. Please note that we keep in touch with the SME once they fill the gap and are eligible for funding we proceed to support the business
Pezesha does not divulge any business information given or shared by its borrowers as it is considered confidential. The investors only have access to know which business they have lent a certain amount to.
After your application for a business loan is successful you will automatically receive a confirmation email,then the evaluation process begins which takes 2-5 business days after which when the business rules disqualify you then an email is sent out informing you the reason for the rejection of the application.