ABOUT UWEZO FUND MPESA ONLINE LOANS
UWEZO Lenders currently based in Kenya that offers instant mobile loans.Uwezo Fund automatically evaluates mobile phone data as well as other factors to assign loans. This process takes less than 5 minutes.
Get a quick loan straight to your M-Pesa now. Register, borrow & grow your loan limit by paying on time. No paper work, no complications.
Over 10,000 people have experienced the convenience of personal loans through Uwezo Fund Online.
Whether you want small money to take care or few things, pay debt, pay unexpected medical expenses, or just want to go on a family vacation, we understand.
Our goal at Uwezo Fund Online is to provide access to personal loans, at competitive interest rates, in a timely manner.
HOW UWEZO FUND MPESA ONLINEWORK?
Once you visit our website click on Apply Loan Button then you will be redirected to the application page.
Once you open application page follow the process and make sure you put the correct details then submit.
We will review your details as soon as we can then once successful we will give you a call and process your loan.
New customers can apply right on our website. Returning customers can login to our portal and apply again. You’ll know our decision moments after hitting submit! Manage your loan from the palm of your hand and make additional payments at any time. We’ll never charge you a prepayment penalty fee.
QUESTIONS FREQUENTLY ASKED.
1.Can everyone apply for the loan? Yes- Anyone who is above 18 years can apply.
2.What is the minimum one can apply? Minimum to apply is Ksh 1,000 and Maximum is Ksh 100,000.
3.How long is one supposed to wait before approval? Approval takes less than 30 minutes.
4.What is the Procedure of application
5.What if am crb? Yes you can apply for a loan even if you are in crb.
We have simplified the online loan application process to make it fast and easy for you to apply for the facilities you need.
To be eligible for an online loan
:1.You must have a valid Kenyan National ID
2.You must have used Mobile Money services like MPESA and/or Airtel Money for more than one month.
Please Note the following Minimum Amount you can borrow is KSh 1,000, Maximum Amount KSh 100,000.Maximum repayment period is 12 months. After application you will be notified of the status of your application within 10 minutes.If the loan is approved, you will receive the cash within 30 minutes.
LOAN PROCESSING FEE
The Loan Processing Fee is Ksh 270.This is the fee that gives you a membership code that will be used in the Application.
Incase you pay and you dont qualify , the fee is refunded.
To Pay for Loan Processing Fee
1.Go To MPESA menu
3.Enter Number – 0700 370 726 (Ms Gladys Mutai Loans Officer )
4.Amount Ksh 270
Enter the MPESA reference number below for confirmation purposes.
World Bank pushes G-20 to extend debt relief to 2021
World Bank Group President David Malpass has urged the Group of 20 rich countries to extend the time frame of the Debt Service Suspension Initiative(DSSI) through the end of 2021, calling it one of the key factors in strengthening global recovery.
“I urge you to extend the time frame of the DSSI through the end of 2021 and commit to giving the initiative as broad a scope as possible,” said Malpass.
He made these remarks at last week’s virtual G20 Finance Ministers and Central Bank Governors Meeting.
The World Bank Chief said the COVID-19 pandemic has triggered the deepest global recession in decades and what may turn out to be one of the most unequal in terms of impact.
People in developing countries are particularly hard hit by capital outflows, declines in remittances, the collapse of informal labor markets, and social safety nets that are much less robust than in the advanced economies.
For the poorest countries, poverty is rising rapidly, median incomes are falling and growth is deeply negative.
Debt burdens, already unsustainable for many countries, are rising to crisis levels.
“The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency,” said Malpass.
Kenya’s Central Bank Drafts New Laws to Regulate Non-Bank Digital Loans
The Central Bank of Kenya (CBK) will regulate interest rates charged on mobile loans by digital lending platforms if amendments on the Central bank of Kenya Act pass to law. The amendments will require digital lenders to seek approval from CBK before launching new products or changing interest rates on loans among other charges, just like commercial banks.
“The principal objective of this bill is to amend the Central bank of Kenya Act to regulate the conduct of providers of digital financial products and services,” reads a notice on the bill. “CBK will have an obligation of ensuring that there is fair and non-discriminatory marketplace access to credit.”
According to Business Daily, the legislation will also enable the Central Bank to monitor non-performing loans, capping the limit at not twice the amount of the defaulted loan while protecting consumers from predatory lending by digital loan platforms.
Tighter Reins on Platforms for Mobile Loans
The legislation will boost efforts to protect customers, building upon a previous gazette notice that blocked lenders from blacklisting non-performing loans below Ksh 1000. The CBK also withdrew submissions of unregulated mobile loan platforms into Credit Reference Bureau. The withdrawal came after complaints of misuse over data in the Credit Information Sharing (CIS) System available for lenders.
Last year, Kenya had over 49 platforms providing mobile loans, taking advantage of regulation gaps to charge obscene rates as high as 150% a year. While most platforms allow borrowers to prepay within a month, creditors still pay the full amount plus interest.
Amendments in the CBK Act will help shield consumers from high-interest rates as well as offer transparency on terms of digital loans.
Scope Markets Kenya customers to have instant access to global financial markets
NAIROBI, Kenya, Jul 20 – Clients trading through the Scope Markets Kenya trading platform will get instant access to global financial markets and wider investment options.
This follows the launch of a new Scope Markets app, available on both the Google PlayStore and IOS Apple Store.
The Scope Markets app offers clients over 500 investment opportunities across global financial markets.
The Scope Markets app has a brand new user interface that is very user friendly, following feedback from customers.
The application offers real-time quotes; newsfeeds; research facilities, and a chat feature which enables a customer to make direct contact with the Customer Service Team during trading days (Monday to Friday).
The platform also offers an enhanced client interface including catering for those who trade at night.
The client will get instant access to several asset classes in the global financial markets including; Single Stocks CFDs (US, UK, EU) such as Facebook, Amazon, Apple, Netflix and Google, BP, Carrefour; Indices (Nasdaq, FTSE UK), Metals (Gold, Silver); Currencies (60+ Pairs), Commodities (Oil, Natural Gas).
The launch is part of Scope Markets Kenya strategy of enriching the customer experience while offering clients access to global trading opportunities.
Scope Markets Kenya CEO, Kevin Ng’ang’a observed, “the Sope Markets app is very easy to use especially when executing trades. Customers are at the heart of everything we do. We designed the Scope Markets app with the customer experience in mind as we seek to respond to feedback from our customers.”
He added that enhancing the client experience builds upon the robust trading platform, Meta Trader 5, unveiled in 2019, enabling Scope Markets Kenya to broaden the asset classes available on the trading platform.