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Your Credit Score

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Your Credit Score

At L-Pesa, we have developed a credit score system to enable those who pay back their loans on time access to more funds when they need them. We use this score to differentiate our high-risk customers from our low-risk ones. If you are a low-risk customer and are able to increase your credit score consistently, then you are able to take advantage of a range of value added services. Our credit score system is based on a weekly repayment rate. When you start using our service with your first loan, your credit score is at zero. Each time that you complete a payment on time, your credit score goes up. Once you have completed the payments, you are eligible for a higher loan. 

 

 

The credit levels 

  • $1 First-Time Customer – Credit Score of 0
  • $2.5 to $95 Seasoned Customer – Credit Score of 0 – 186
  • $100 to $575 Preferred Customer – Credit Score of 196 - 725
  • $600 to $700 Gold Customer – Credit Score of 755 - 800

When you reach a credit score of 100 or more, you become a preferred customer and are eligible for a range of benefits from L-Pesa.

Customer StatusCredit ScoreLoan amountDaysWeeks
Seasonal Customer0$2.5639
Seasonal Customer0$5639
Seasonal Customer8$7639
Seasonal Customer12$9639
Seasonal Customer14$10639
Seasonal Customer16$12.5639
Seasonal Customer18$15639
Seasonal Customer20$17.5639
Seasonal Customer25$20639
Seasonal Customer29$25639
Seasonal Customer33$30639
Seasonal Customer37$35639
Seasonal Customer41$40639
Seasonal Customer45$45639
Seasonal Customer49$50639
Seasonal Customer54$55639
Seasonal Customer59$60639
Seasonal Customer63$65639
Seasonal Customer67$70639
Seasonal Customer71$75639
Seasonal Customer75$80639
Seasonal Customer79$85639
Seasonal Customer83$90639
Seasonal Customer87$95639
Preferred Customer91$100639
Preferred Customer95$125639
Preferred Customer99$150639
Preferred Customer103$175639
Preferred Customer107$200639
Preferred Customer150$225639
Preferred Customer165$250639
Preferred Customer180$275639
Preferred Customer200$300639
Preferred Customer215$325639
Preferred Customer230$350639
Preferred Customer245$375639
Preferred Customer260$400639
Preferred Customer275$425639
Preferred Customer290$450639
Preferred Customer310$475639
Preferred Customer400$500639
Preferred Customer450$550639
Preferred Customer500$575639
Gold Customer550$600639
Gold Customer600$625639
Gold Customer650$650639
Gold Customer700$675639
Gold Customer800$700639
Diamond Customer800$800639
Diamond Customer800$900639
Diamond Customer800$1000639

Defaulting on your loan

If you default on your repayments, or you make a repayment late, you will lose one credit point for each week. Should you miss or delay 10 repayments in a row, your credit score will automatically change to zero, and you will have to wait a one full year to be able to build your credit score from scratch and only after you clean your previous loan.