2. Micro loan has been introduced recently into the financial industry. The
loan amount is small with very less documentation is required.
Micro Loans - Loans That Change Lives In Tanzania
3. To alleviate poverty
To support women empowerment
To extend education
To encourage small scale businesses
Why Microloans?
4. To alleviate poverty
Microloans have supported lots of families living in
Tanzania, who were facing poverty. People can now
fulfill their daily necessities like food and shelter which
were missing before microloans.
5. To encourage small scale businesses
People are utilizing the
microloans to start some
activity which will help them in
earning a sufficient amount for
living.
6. Women are able to provide
better living to their family
members living in Tanzania.
They are now working,
earning and saving money for
their better future.
To support women empowerment
7. To Extend Education
Parents who are not capable
enough to pay the school fee for
their children are now utilizing the
microloans to educate them at
schools of Tanzania.
8. A few essentials that you need to consider while
taking a micro loan
Loan Amount
L-Pesa is very much
Flexible when it is
about the loan
amount.
- Initial Loan amount
$5
- Pay amount on time
$10 or $20
Timely Installments
Pay installment on
time. This help you to
increase you
Credibility to make
you easy to apply for
higher amount.
Loan interest
Loan interest varies
from lender to lender
depending on
policies. L-Pesa offer
micro loans with 0%
Interest rate.