Niwezeshe - Borrow & lend P2P 4+

This platform allows you to lend and borrow from peers from your contacts who also use the app. This is essential to ensure that you can only borrow and lend money to people you know.

For Borrowers

◼ Quickly identify who from your contacts can lend you money when you need it
◼ Send your loan request directly to the lender without any screening
◼ Never miss a repayment. Be notified whenever the status of your loan application changes or when the due date is near
◼ Repay your loan between 2 months and 1 year
◼ Manage all your loan applications in one place.

For Lenders

◼ Set different portfolios with different interest rates, maximum lending amount, and loan duration. Interest rates range from 0 - 25% and loan duration cannot be less than 60 days and not more than 1 year.
◼ Enjoy up to 35% in the U.S and up to 100% Maximum Annual Percentage Rate (APR) of your investment by helping peers in need
◼ In case you don't wish to let some people know you have some extra cash to lend, simply exclude them from viewing your portfolio (the same thing as in social media status)

For Organization (Lending Companies, Microfinance, SACCOS & VICOBA)

◼ This feature is currently available by invite only or upon request. Feel free to contact us via support within the app.
◼ Organizations can register their members who will then have access to their loan portfolio, The portfolio may also be available to everyone depending on the organization's policy
◼ Organizations can specify required documents for each loan portfolio, review attached documents, and reply to applicants' inquiries

Example Loan: If the loan principal is $10,000, an interest rate of 20% per annum (20% APR), 6 installments of $2,000 every 2 months. This sums to $12,000 with everything included.

Note: Even though the platform ensures that this p2p lending and borrowing network consists of people who you know(from your contacts) approve loan requests carefully.