Mobile Banking Micro Loans in Kenya

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L-Pesa Micro Finance
Micro Loan for Mobile Banking Customer
Everything You Need to Know About Interest with
L-Pesa
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Many people yearn for the chance to get their
hands on a loan, for a range of reasons. However,
there is one factor that may hold someone back,
and that is interest. At L-Pesa, it is possible
to borrow a loan, although it is worth noting
that every loan attracts interest.
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What is Interest?
When you are saving with L-Pesa, you also get the
chance to earn some interest, bringing up the
total amount of money that you hold in your
account with limited effort.
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What Makes Interest Rates Different?
There are numerous factors that could affect
interest rates. The first is the amount of time
that will be taken to pay back the loan.
Typically, the longer one takes to pay it back,
the higher the interest that they will have to
pay. The reason for this comes down to the value
of money over time, as well as inflation. The
lender needs to cushion themselves against this
risk.
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Get Some Help
Before you take out the loan, you can use the
loan calculator to get a quick look at the
interest that you will be expected to pay back,
and the time that you have to complete the
payments. This will help you make an informed
decision, and determine whether the loan gives
you the value you are looking for.
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Contact Us For More Information
Address Regus, 7th Floor, Amani Place, Dar Es
Salaam, Tanzania (38568) Email
info_at_l-pesa.com Phone [phone] Website
l-pesa.com