Page 227 - The Digital Financial Services (DFS) Ecosystem

ITU-T Focus Group Digital Financial Services
Ecosystem

Company L-Pesa
Overview Available in Egypt, Lesotho, Rwanda, Democratic Republic of Congo, Tanzania, Uganda,
Burundi, Fiji, South Africa, Mozambique, India, Kenya, and Romania, to apply for an
L-Pesa loan (l-pesa.com), customers must register their phone number.

Loans are approved and distributed within 5 minutes.

Loans are initially for $5 USD and repayable in 5 weeks, with weekly repayments. As
customers pay back loans, they are eligible for larger loan amounts (up to $3,000
USD), longer repayment periods (up to 140 weeks), and lower interest rates.

If customers are late on repayments, they lose credit points. Multiple missed/late
repayments result in a zero score and customers must pay off the original loan and
wait one full year to rejoin the program.

As of October 2015, L-Pesa has 32 million registered users who have access to micro
loans.

Differentiator Loans are progressive – as the first loan is paid back, customers become eligible for
larger loan amounts and longer repayment periods.
The program is independent of telecom.

Screenshots

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