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 300. Each time that you complete a payment on time, your credit score goes up by one point. You will have 16 weeks to complete the starter payments loan. Once you have completed the payments, you are eligible for a higher loan. For each week that you complete the payment on time, you receive another credit score of one.

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 300, 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.