Card Pesa

03/03/2025

No Objection to our Operation in 2025

24/06/2024

Location

While others hide their locations we have no such qualms as we believe our service speaks for itself.

20/04/2024

11/01/2024

Another First.

We are the first Digital Microfinance Instution to be accredited to share data with the Uganda CRB

10/08/2023

Cost of Digital Credit.

If you want to bring down the costs of digital credit then deal with the cost of the rails.

H.E always talks about how our manufacturing sector is uncompetitive because of the cost of electricity.

In the digital credit sector the pricing of loans is highly correlated to the price of the rails. Simply put, the cost of disbursement and retrieval of money that you lend.

You will be surprised that the MNOs take upto 5 to 6 percent of funds transmitted on their platform because they charge a percentage of Gross Monetary Value of transaction instead of the cost of providing the service.


For arguments sake if we lend 10,000 ushs at a rate of 4% per month. This is how that transaction will play out.

The customer will receive 9,700 after deducting 300 ushs which is a delivery charges instead of the 10,000.

When he is paying back 10 400 the MNO will increase the 10,000 and add 59 shillings and ask the payer to pay 10 059. It then will charge a transaction fee of 550 ugx to the customer to send the money. Then when the 10,400 reaches the aggregators they will charge 2% which is 208.

So when you add all costs 300, 550, 59 and 208 the total cost of sending and receiving 10k is 1,117 ugx which is 11.17% of the sum lent 10k. This is even more than the 4% (400) you have charged the client as interest.

Which means servicing small customers at say 4% is unprofitable especially at low interest rates and thus to survive digital lenders need to be looking at 15% and over for a digital loan to make sense.

So just like in manufacturing, when the unit cost of electricity is high, products are expensive, if the rails are costly digital credit is expensive.

We need to break the near Monopoly of these MNOs and ensure those who own the Rails don't also put their own wagons on the rail to compete with other users as the reason they give this pricing is primarily to make it expensive for other users outside their designated partners to use the rails.

That's the argument our MD was making at the end of this video

https://youtu.be/ywybVm36LxY

15/06/2023

Entering the Coffee Value Chain

We are now a Trading House as well. We will buy and sell commodities and fund those from whom we buy those commodities to improve their bargaining power and quality of produce so they can Earn more Using Credit.

12/06/2023

Incorporated in Mzansi.

We are now expanding our ability to finance digital transactions by opening an operation in South Africa and a number of African trading hubs.

Our vision is simple. To help the underdog small exporters or producers especially in the agricultural sector be able to compete with the bigger trading houses.

A simple example is you are a coffee farmer and have received an order especially online to supply 3 tons of Rodusta coffee to a coffee house chain in South Africa.

You have the coffee beans but not the knowhow of how to logistically get your goods to the buyer and get the certification and other requirements met to get your products to South Africa.

All the above require resources and expertise which you may not possess even if you have the best quality coffee.

That is where Card Pesa comes in to partner with you and finance the bulking of your product get it certified and help with the advising on the logistics and other costs that you may not be able to meet with Limited resources so you can in effect Earn more using Credit.

Our offices in the trading hubs we will therefore able to coordinate most of the additional activities and ensure we monitor those transactions both from the supplier and buyer side to make sure that business between the importer and exporter can optimally be done repeatedly and smoothly so real intra Africa trade is supported.

As usual everything starts with baby steps and our aspirations to see more trade happen within the Africa States is achieved through giving our clients the ability to start small and build big business with lasting relationships is a achieved

As usual we will also add our touch by making all these activities digital and AI enabled to help with transparency so we can bring intra Africa trade to the level that meets best practice anywhere in the world

So we continue to Fund Hustles but now more international cross Africa trade.

25/04/2023

We have revamped our website to explain how we

Fund Your Hustle.

Check it out

Cash Accessed Digitally on Demand Card Pesa is a Licensed Tier 4 Micro Finance Institution that provides Working Capital and Emergency Financing to enrolled and subscribed members on our platform throughout the period they are subscribed. Individual Merchant We Fund Your Hustle In an ever changing e...

19/01/2023

Licensed to Lend in 2023

18/11/2022

https://youtu.be/P5YBkoRiATA

18/10/2022

https://www.rxradio.ug/the-groove-with-crystal-podcast/episode/e83ea006/crystal-hosts-nelson-kituuka-the-managing-director-of-card-pesa-limited