Emergency loans in kenya

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emergency loans in kenya

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Purpose of Position: The position holder will lead a team for the implementation of project performance monitoring, evaluation and humanitarian accountability systems.

The position holder will assist project teams to develop and implement tools to ensure beneficiaries are informed of project goal, implementation methodologies, beneficiary selection criteria, project timeline and entitlements. He/she will monitor adherence to World Vision/donor food assistance standards.

M-Pepea (Emergency Mobile Credit) targets employees on full-time basis registered for the service and offers small emergency loans ranging from (US$58 to US$350) depending on pay-scale. Users can access loans anytime anywhere without the necessity of having to wait for advance approvals or having to visit a financial institution to request for emergency money.

To be eligible, employees and their employer register for the service and then borrowers can request loans by sending a blank SMS to M-Pepea. The system will  automatically send a request to M-Pesa to credit the borrower’s number with the specified amount depending on their contract.

M-Pepea has been developed by Kenyan based innovation company, Raven Ltd,  founded in 2010, to offer basic financial services through mobile money transfers.

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