Peer To Peer Lending Platforms In Kenya

This is according to the recently published africa and middle east alternative finance benchmarking report produced by the cambridge centre for alternative finance at the university of cambridge s judge business school. Ubapesa is a peer to peer money market app where users can borrow and lend money. By browsing our website you are agreeing to comply with and be bound by the following terms and conditions of use which together with our privacy policy govern wayhoty relationship with you in relation to this website.

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Peer to peer lending is a form of borrowing where one person with money lends money to someone else who needs money.

Peer to peer lending platforms in kenya. But there has to be a referee who oversees the transactions and makes sure that the debtor pays back the money to the lender. Kenya and south africa are leading the peer to peer p2p business lending market in africa however the fact 90 per cent of online alternative finance originated from platforms headquartered outside of africa evidences the potential for homegrown platforms. Led by a team with experience in running technology projects in the financial and education sector the app integrates the power of crowdfunding and fx.

P2pforce claims that it can create an end to end peer to peer lending platform site within 30 40 days. It is a peer to peer micro lending service that links borrowers and lenders worldwide without the inter mediation of a local micro finance institution. Lendingclub is a giant in the peer to peer lending community.

The app being a market place for lending and borrowing money provides an automated matching of a borrowing and lending request with money being disbursed within seconds to a borrower s m pesa. Since it was founded in 2007 it has issued 50 billion in loans and connected more than three million borrowers with investors. Solvesting a hybrid peer to peer p2p lending platform that connects local banks and microfinance institutions with accredited investors in a bid to solve the funding gap for small and medium enterprises smes in africa has gone live with an initial focus on kenya.

Pesa zetu peer to peer lending platform pesa zetu is an online loan application which has its market base in kenya the online application the model being used by the firm is the peer to peer model whereby the members refer their peers to the application for funds to carry out their various projects. To start with pesazone is the most simplified peer to peer lending application in kenya. Its software offers services that include bank statement analysis and loan management.

Ubapesa introduces peer to peer borrowing lending app in kenya. The organization is named after the kiswahili word zidisha which means grow or expand. P2p lending platform solvesting launches in kenya.

The zidisha website facilitates.

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