Get hassle-free
Access to a
Business Loan
Receive a business loan straight to your
account instantly.
Get hassle-free
Access to a
Business Loan
Receive a business loan straight to your account instantly.
How you can use Easy Advance
Purchasing Equipment
Your Business
Capital
Assistance
Purchasing Equipment
Expanding Your Business
Working Capital
Cash-flow Assistance
How do I access these funds?
Your business must have been transacting with Network for at least six months to qualify.
- Fill in the consent form
- Complete the sign-up process
- And done! Receive funds to your bank account or mobile wallet.
- Fill in the consent form
- Complete the sign-up process
- And done! Receive funds to your bank account or mobile wallet.
More About Easy Advance
and affordability review.
- Loan Limit
- Interest Rate
- Cost of Loan
- Repayment Plan
- Loan Period
- Late Payment Penalty
- From Ksh 10,000 to Ksh 5,000,000
- 3.41% Per Month (Fixed)
- 3% (Once-off)
- Pay directly to Pezesha Paybill
- 30 to 90 Days
- 1% of Outstanding Principal
From Ksh 10,000 to Ksh 5,000,000
3.41% Per Month (Fixed)
3% (Once-off)
Pay directly to Pezesha Paybill
30 to 90 Days
1% of Outstanding Principal
What is Easy Advance?
What are the benefits of Easy Advance?
Network merchants will be able to access credit for:
- Business expansion, including buying business assets
- Stock and inventory financing
- General funds for business operations
Who is eligible for the Easy Advance loan?
How do I register/ Opt-In for a Merchant Term Loan Service?
Through the DPO Pay Portal, a merchant can find a link that redirects them to the Pezesha Web-app from where they can register and request a loan facility.
If not DPO Pay Portal, you will receive an email with all requirements and forms to be filled. A link will be attached to direct you to Pezesha Web App.
Which are the required KYC documents?
Pezesha will require the following KYC data as set out below.
KYC data requirements
-
- Merchant ID – Unique merchant identifier in partner system
- Merchant Business name
- Company KRA PIN – Tax Identification Number (PIN) as issued by Kenya Revenue Authority (KRA)
- Merchant physical address location
- Merchant business registration document (CR 12)
- Merchant alternative phone number
What will be the duration of my loan?
You have an option of a loan tenure of between 1 month to 3 months.
How does the lender make a lending decision?
A loan is approved or rejected based on:
- You must have been actively using the DPO Pay by Network platform for at least 6 months.
- Your DPO wallet business activity: That is, how often and how much you use the DPO wallet to receive payments from customers.
- Your credit listing status (rating and score) at the Credit Reference Bureau: it is important that you maintain a good credit history and score.
- Your loan repayment behavior plays a crucial role in determining your eligibility for future loans. When you repay your loan in full and on time, it reflects positively on your creditworthiness. This, in turn, strengthens your financial profile and increases the likelihood of approval for future loans.
How do I apply for a Loan?
- Register under the DPO Pay by Network partnership on the web-app.
- Upload the requested KYC information and get a loan limit.
- Based on the assigned loan limit, input the amount requested
You will receive funding for your business shortly after making the Loan request. The funds will be applied to your bank account, phone number or PayBill number.
How much can I qualify for?
We offer Kshs 10,000 up to Kshs 500,000 for micro businesses and Kshs 100,000 up to Kshs 5 million for small businesses, as the loan credit limit.
What is considered for a loan limit increase?
- How actively and how much you trade on your DPO wallet.
- Your CRB credit listing and score: How well you repay and perform on all your loans affects your CRB listing and score. The better your score better your chances of a loan limit increase.
- Loan Performance: How well you pay back your loans i.e. early repayments on all your loans.
How do I know how much I qualify for/ How do I check my credit limit?
This information will be available once you have given consent to Network to forward your data to Pezesha for analysis. It will also be available on the Pezesha platform after registration.
What fee will I be charged for the loan?
Access fee (charged as a one-off fee at disbursement): 3% on each principal disbursed.
Interest rate (charged every 30 days): 3.41% per month.
For example, a merchant requesting for a 30-day loan of amount Ksh 10,000
- Loan amount: 10,000/=
- Access fee: 300/=
- Amount disbursed: 9,700/=
- Outstanding loan balance: 10,000 *3.41=10,341
Frequently Asked Questions
GENERAL INFORMATION
What is Easy Advance?
Easy Advance is a loan offered to Network merchants that gives them access to a credit facility between Kshs. 10,000 to 500,000 for micro businesses and 100,000 up to 5 million for small businesses, through our partner Pezesha.
What are the benefits of Easy Advance?
Network merchants will be able to access credit for:
- Business expansion, including buying business assets
- Stock and inventory financing
- General funds for business operations
Who is eligible for the Easy Advance loan?
Network merchants who have been actively transacting on the DPO platform for at least 6 months.
How do I register/ Opt-In for a Merchant Term Loan Service?
Through the DPO Pay Portal, a merchant can find a link that redirects them to the Pezesha Web-app from where they can register and request a loan facility.
If not DPO Pay Portal, you will receive an email with all requirements and forms to be filled. A link will be attached to direct you to Pezesha Web App.
Which are the required KYC documents?
Pezesha will require the following KYC data as set out below.
KYC data requirements
-
- Merchant ID – Unique merchant identifier in partner system
- Merchant Business name
- Company KRA PIN – Tax Identification Number (PIN) as issued by Kenya Revenue Authority (KRA)
- Merchant physical address location
- Merchant business registration document (CR 12)
- Merchant alternative phone number
What will be the duration of my loan?
You have an option of a loan tenure of between 1 month to 3 months.
How does the lender make a lending decision?
A loan is approved or rejected based on:
- You must have been actively using the DPO Pay by Network platform for at least 6 months.
- Your DPO wallet business activity: That is, how often and how much you use the DPO wallet to receive payments from customers.
- Your credit listing status (rating and score) at the Credit Reference Bureau: it is important that you maintain a good credit history and score.
- Your loan repayment behavior plays a crucial role in determining your eligibility for future loans. When you repay your loan in full and on time, it reflects positively on your creditworthiness. This, in turn, strengthens your financial profile and increases the likelihood of approval for future loans.
How do I apply for a Loan?
- Register under the DPO Pay by Network partnership on the web-app.
- Upload the requested KYC information and get a loan limit.
- Based on the assigned loan limit, input the amount requested
You will receive funding for your business shortly after making the Loan request. The funds will be applied to your bank account, phone number or PayBill number.
How much can I qualify for?
We offer Kshs 10,000 up to Kshs 500,000 for micro businesses and Kshs 100,000 up to Kshs 5 million for small businesses, as the loan credit limit.
What is considered for a loan limit increase?
- How actively and how much you trade on your DPO wallet.
- Your CRB credit listing and score: How well you repay and perform on all your loans affects your CRB listing and score. The better your score better your chances of a loan limit increase.
- Loan Performance: How well you pay back your loans i.e. early repayments on all your loans.
How do I know how much I qualify for/ How do I check my credit limit?
This information will be available once you have given consent to Network to forward your data to Pezesha for analysis. It will also be available on the Pezesha platform after registration.
What fee will I be charged for the loan?
Access fee (charged as a one-off fee at disbursement): 3% on each principal disbursed.
Interest rate (charged every 30 days): 3.41% per month.
For example, a merchant requesting for a 30-day loan of amount Ksh 10,000
- Loan amount: 10,000/=
- Access fee: 300/=
- Amount disbursed: 9,700/=
- Outstanding loan balance: 10,000 *3.41=10,341
