Financial Inclusion – PesaKit https://pesakit.ai Intelligent Mobile Money Tue, 10 Aug 2021 11:25:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://pesakit.ai/wp-content/uploads/2021/05/cropped-favicon-32x32.png Financial Inclusion – PesaKit https://pesakit.ai 32 32 7 Reasons Why You Should Check Your CRB Listing Often!  https://pesakit.ai/7-reasons-why-you-should-check-your-crb-listing-often/?utm_source=rss&utm_medium=rss&utm_campaign=7-reasons-why-you-should-check-your-crb-listing-often https://pesakit.ai/7-reasons-why-you-should-check-your-crb-listing-often/#respond Thu, 29 Jul 2021 11:49:56 +0000 https://pesakit.ai/?p=4514 The post 7 Reasons Why You Should Check Your CRB Listing Often!  appeared first on PesaKit.

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Credit Reference Bureaus (CRBs), are institutions which collect credit information about borrowers who may be businesses or individuals. By observing the repayment of past and current borrowed loans, they gauge business’ and individuals’ credit standing and worthiness. 

A CRB listing can either be positive meaning one is repaying their loans on time or negative where an individual is defaulting. The ultimate negative listing is a ‘blacklisting’, this is given when CRBs deem one a high risk and advise financial institutions against providing the blacklisted lender with any credit. This is as a result of assessing the individual’s credit report containing their credit history and activity.

So why should you check your CRB listing often?

  1. Reviewing your credit report regularly allows you to catch and correct potentially damaging personal and financial information resulting from identity theft, errors, or outdated entries. Resolving mistakes early avoids problems when you apply for a loan or for a job at a potential employer. 
  2. Clearing up negative credit report information will improve your credit score. This would increase a lender’s confidence that you repay on time and thus may help you qualify for loans of lower interest rates and longer repayment periods. 
  3. Know what lenders may see. If you’re planning to borrow a large amount of loan or an emergency loan, checking your credit report can give you an idea of what lenders may see when you apply for credit. If your report contains errors, it may affect your credit and take long to correct. You don’t want to delay resolving these issues, especially when applying for emergency loans. 
  4. Your credit may be affected by others’ mistakes. Even if you pay your loans on time, the human factor in some of the lenders’ application process may lead to data errors that could hurt your loan application and you may not realize it. Additionally, if you are the custodian or a cosigner of your child’s bank account or a mobile money account and they are late on repayments, your account may take a hit. Knowing where the error is helps resolve it quickly and rebuild your own credit.
  5. Checking your credit report serves as a reminder to monitor things in your financial accounts that might usually escape your notice, such as paying for medical bills that are supposed to be covered by insurance companies. 
  6. You will enjoy a lower cost of borrowing by being proactive about your credit. Good credit scores could potentially save you a lot in interest payments. This way, if you apply for a loan, you won’t have to scramble at the last minute to dispute errors with a risk of being charged higher interests by the lender. 
  7. If you have poor credit, reviewing your credit reports can help you figure out how to rebuild it. Instead of guessing where you’re going wrong, you’ll be able to see which accounts are lowering your score and work on them.

Now that you know how important it is to check your CRB listing regularly, when was the last time you performed a check? Download the PesaKit app now and get to know if you have been blacklisted by CRB!

 

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Working together with MSMEs to build a stronger community https://pesakit.ai/partnerships-with-a-purpose-working-together-with-msmes-to-build-a-stronger-community/?utm_source=rss&utm_medium=rss&utm_campaign=partnerships-with-a-purpose-working-together-with-msmes-to-build-a-stronger-community https://pesakit.ai/partnerships-with-a-purpose-working-together-with-msmes-to-build-a-stronger-community/#respond Thu, 04 Apr 2019 07:52:25 +0000 http://jthemes.org/wp/nextapp/?p=1743 ...

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MSMEs play a vital role in the economic development of African countries by driving economic growth and providing employment, accounting for 90 per cent of trade in Sub-Saharan Africa. At PesaKit we partner with MSMEs that share similar visions for an inclusive financial market that help Kenyans achieve better livelihoods, and develop financial solutions that better address the real world challenges faced by low-income households, enterprises and underserved groups.

Meet Naomi Kiiru, Project Manager and Operations lead at dijITali, a digital innovator creating new, sustainable jobs to positively impact the economy. dijITali strives to innovate by empowering hundreds of cybercafés across Kenya to provide the youth with sustainable jobs, at the same time giving other youth access to government services, education and job opportunities, and economic participation through e-commerce.

dijITali is also one of PesaKit’s super partners, they are our Brand Ambassadors for M-Pesa Agents in the community. We sat down with her as part of our “Partnerships with a Purpose” series, to talk about driving digital inclusion and innovation through digital centers.

 
Naomi Kiiru, Project Manager and Operations Lead at dijITali

Please tell us a little about yourself:

I work as the Project Manager and Operations Lead at dijITali. When you see a cyber café, you see them as a means to attaining a service, which is the internet. We see them as digital translators enabling entrepreneurs’ businesses and dreams every single day. I ensure that cyber cafes in our network are able to seamlessly join our programs, get equal access to our offerings and opportunities and provide them opportunities to actively participate in the network.

Our mission is to empower the youth and create employment through digital inclusion and of course, improving the quality of the service experience..

What are some of the challenges the cyber cafes face in their daily operations?

There lacks a structure which enables them to better manage their finances , ability to identify opportunities near them, limited access to business credit and lack of business management skills, among others. Their sector is not properly defined making it difficult for them to have a voice.

What is the kind of support small businesses in Kenya need?

Resilient financial management, mentoring small business owners on capacity building, training them to recognize opportunities to grow and secure their businesses, upskilling them to capacity building. They must also be trained in bookkeeping, business development, legal issues, human resource management, and marketing. It is also of utmost importance to upskill them in order to enhance revenue streams.

 

Why did you partner with PesaKit and how has it helped?

Not to mention, their importance in bridging the inclusion gap in the nation. Agent networks have always been a core part of the mobile money industry, but during the pandemic they proved critical as there was an increase in the demand for both cash and digital services. It is a well known fact that there are more mobile money agents than ATMs in Kenya thus, we’re all extremely dependent on them for our day-to-day transactions.

We felt Pesakit’s value proposition would be beneficial to the cyber cafes in our dijITali network, as it would give them another way to grow and secure their business especially through the challenges that the pandemic has brought. Our agents have been able to earn an additional income by selling services to their customers, they have been able to apply for the PesaKit loans to grow their business and they also now have the option to secure their business using PesaKit’s micro insurance services.

How easy or difficult was it to register as a Super Agent. Kindly take us through the process.

The process to register as a Super Agent with PesaKit was very easy and smooth. We decided on coming aboard as a Super Agent as it felt like a seamless way to bring more benefits to our network of cyber agents.

There is an option to register our interest in becoming a PesaKit Super Agent on the website, which we did. We followed the next steps with ease and once the PesaKit team had verified all the information provided, we received a Super Agent certificate from PesaKit along with our unique credentials to begin operating.

 

According to you, is enough being done to encourage gender inclusivity in the finance and business sector?

Strides are being taken in the right direction, but, we still have a very long way to go to attain gender inclusion. Sometimes, the importance of focused gender inclusive products is lost under the large umbrella of financial inclusion. Organizations and the government alike need to look at their opportunities, their schemes, their policies etc. under different lenses for different inclusion priorities.

Businesses can gain infinitely more when they choose to participate in strategic partnerships. No matter how successful your business is, the right partnership can take it to even greater heights. Whatever your business is, it is important to look for the right partnership agreement that benefits both parties. At PesaKit, we strive to build such relationships with like minded businesses that are, at the heart, working tirelessly to build an inclusive nation.

 

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How to get started on PesaKit? https://pesakit.ai/how-to-get-started-on-pesakit/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-get-started-on-pesakit https://pesakit.ai/how-to-get-started-on-pesakit/#respond Thu, 04 Apr 2019 07:41:23 +0000 https://web.dev.pesakit.co.ke/?p=3094 ...

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As an M-Pesa agent, how many times have you told your customers ‘sina float’, thus turning them away because you did not have float money. Also are you looking to grow your businesses and increase the number of services you offer at your M-Pesa shop at no extra cost?

As an M-Pesa agent or even a shop owner, the PesaKit app, is what you need!

The PesaKit app will enable you and your business to prosper in the following main ways:

  1. Accessing PesaKit’s simple and affordable float loans.
  2. Increase your profits by using the PesaKit app. PesaKit will enable you to sell Safaricom, Airtel, Telkom and Faiba airtime and earn BIG COMMISSIONS while at it. You won’t turn away your customers because you don’t have airtime of a particular provider or of a certain value.
  3. Avoid waiting for months before Kenya Power delivers your PDQ machine. Also save the high costs of purchasing the PDQ machine by using the PesaKit app to sell Kenya Power Tokens and earn BIG COMMISSIONS.
  4. Pay your water bills, internet bills, Kenya Power Postpaid bills using the PesaKit app at no extra cost.

Earn commissions for every sale on the app. More on how PesaKit will enable you and your business to prosper

https://www.youtube.com/watch?v=zS4wRHzercI

Download the PesaKit app on the play store and register for free to become a smart digital agent. Earn COMMISSIONS for every sale on the app!

Depositing money is free! using our paybill number: 802499 and use your phone number as the Account Number and start transacting on our platform to make you and your business prosper.

Improve your business by increasing the services you offer in your M-Pesa shop by downloading the PesaKit app from the play store, registering and becoming a PesaKit agent!

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