Impact of micro lending to economies in Africa Microlending has had tremendous impact on the local economies both positively and negatively. This article focus on the positive impacts of micro lending to the local economies in Africa as documented by…
What is Microlending? Microlending refer to granting of small loans to individuals, in most cases it is granted to people with entrepreneurial qualities to start or grow their businesses. Microloans which are offered in micro lending can be as small…
Mobile Lending platform Jisort is a mobile lending platform supporting several mobile lenders in Africa. Jisort comprises of the following components Jisort Web Platform Web based suite of tools bundled into intuitive application for lenders or microfinances or banks or…
Jisort Collateral management software Collateral refer to asset set apart as security for a loan issue by a financier to a borrower. Management of collateral can be demanding task for any financial institution. Some of the considerations in respect to…
Write a simple program in python that calculates tax using the below tax bands Monthly Bands of Taxable Income (KES) Tax Rate 0 – 12,500 10% of 12500 On the next 11,500 15% On the next 11,500 20% On the…
Impact of Micro lending to the Economy Access to capital for entrepreneurs Micro lending allow entrepreneurs and potential entrepreneurs to access much needed capital – collateral less capital to fund operations of their enterprises. Lower interest rates In an open…
Jisort vs Other Micro Lenders Jisort Micro lending service compared with Branch International, Tala, and Safaricom powered Mshwari. Jisort is platform or marketplace with multiple lender and financial providers offering micro loans and micro insurance to consumers based on…
Jisort Impact to the Financial Sector What is Jisort Jisort is a digital platform that enable lenders to offer financial products to a wider market at a cost effective rates. Digital delivery of services to a wide online clientele is…
Big Future for Fintech and Micro lenders Mostly serve low income earners and people underserved by formal financial sector. Offer flexible products designed for maximum inclusivity – attractive products that can pool low income earners and thereby effectively reduce cost…
Fintech/Microlending vs Banks Micro lending is provided by Fintech companies such as Jisort, Tala, Branch, Getbucks, Lufax among others. Micro lending involve lending small loans mostly via technology platform like smartphones, mobile money wallets, digital wallets, web platforms. This is…
The Traditional dying Banks In Kenya and probably in Africa, banks are interested in middle income and high income earners. Banks are also keen to have people with frequent incomes. Offer structured, inflexible products designed for maximum gain from an…
Failed Micro lending Sectors and Possible impact to the Economy I might be accused to being a prophet of doom. This article should only be used a precautionary piece to ensure as a country and continent we do not commit…