Revolutionising access to credit in Africa through Peer-to-Peer lending, with Hilda Moraa
The East Africa Business Podcast: African Start ups | Investing | Entrepreneurship | Interviews · samfloy
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Show Notes
Many international studies have pointed to the lack of SME financing as being a huge blocker to a country’s development.
In the context of Kenya, many small business owners are excluded from the formal financial sector due to the high operational costs involved with opening and running a bank account. As a result, they have no formal credit history and are not able to get a loan.
Pezesha are seeking to overcome this by giving the unbanked, their first step on the formal financial ladder.
Hilda, the founder and CEO, and I dig into the difficulties of getting a bank account (and by extension, a loan), how Kenya’s ubiquitous mobile money network facilitates their business, and how they are layering on their data analytics to the dynamics of the existing social investing culture in Kenya.
This is one of those episodes that can leave you scratching your head at times, but nevertheless shows the huge potential for technology and financing to transform a region.