Sibukapesa

MODEST MICROCREDIT LIMITED

About this app

SibukaPesa, developed by MODEST MICROCREDIT LIMITED, is a revolutionary credit loan app that brings you a host of benefits.

Loan Details
The loan details of SibukaPesa are as follows. The repayment periods range from 90 days to 365 days. The loan amount varies from TZS 10,000 to TZS 1,000,000. The interest rate is 0.1% per day, and the maximum Annual Percentage Rate (APR) is 36.5%. For example, if you borrow TZS 100,000 for a 90-day loan term, the interest will be TZS 9,000 (at a 9% rate), and the total amount payable will be TZS 109,000 with a representative APR of 36.5%.

Eligibility Requirements
You must be a Tanzanian citizen aged 18 or above. This ensures that the borrowers have the legal capacity to enter into a loan agreement and are likely to have more stable income sources compared to younger individuals.
An active wallet account with Vodacom, Airtel, Tigo, or Halotel is required. These are popular and reliable mobile wallet services in Tanzania, which enable seamless transactions and easy repayment options.
A valid Tanzanian ID is necessary for identity verification and to comply with regulatory requirements.

Why Choose SibukaPesa?
Convenient Application: The app has an easy-to-use interface for quick application completion on mobile without paperwork.
Fast Approval: Advanced systems enable rapid review and approval of loan applications, getting you funds in time.
High Credit Limit: It offers relatively high loan amounts from TZS 10,000 to TZS 1,000,000 for diverse financial needs.

MODEST MICROCREDIT LIMITED is a registered Microfinance Institution licensed by The Bank of Tanzania to offer financial services in Tanzania. The company offers digital loans through SibukaPesa digital App which is categorized as finance App on different platforms. SibukaPesa App is developed and maintained internally.