BahariPesa - Mikopo ya Mikopo 1.0.7

BahariPesa is a loan app operating in Tanzania that offers a range of flexible and secure loan products.

The loan products available on BahariPesa vary based on the country of operation:

• Loan amount: TZS 50,000 - TZS 500,000
• Loan term: 91 days - 365 days
• Loan interest: minimum APR 5% / maximum APR 36%

Clients can select flexible loan terms with interest rates starting from 0.1%. It is possible to adjust the loan amount based on individual needs.

For instance, consider a scenario where a 365-day loan is taken with an interest rate of 20% on a principal amount of 50,000:

• Loan amount = 50,000
• Loan term = 365 days
• Annual interest rate = 20%
• Total interest = 50,000 * 20% =10,000
• Total amount payable = 50,000 + 10,000 = 60,000

To qualify for a loan application, you must fulfill the following conditions:

1. Be a legal resident of Tanzania.
2. Be at least 18 years old.
3. Have a valid mobile phone number and wallet account.
4. Possess a stable source of income.
5. Possess at least one government-issued ID card.

To utilize the application:

1. Download BahariPesa from Google Play and install it on your phone.
2. Enter your mobile phone number to receive a verification code for login.
3. Provide personal information and wallet account details and submit the form.</il>
4. Apply for a loan and await the review process.</il>

   Upon approval, the funds will be credited to your account, and you will receive an SMS notification.

   Distinctive features of BahariPesa include:

   • Immediate loan disbursement upon approval.
   • User-friendly application process requiring no collateral.
   • Dedicated customer service available to address any inquiries promptly.

   BahariPesa prioritizes user privacy and security. The platform ensures user data confidentiality without disclosure. For further information regarding privacy policies, refer to Privacy Policy.

   Contact Information:

   • Email: [email protected]
     Working Hours: Monday to Sunday (except holidays) from 9:00 am to 6:00 pm
     Address: Clesha Homes Dar es Salaam, Tanzania