Chota Pesa 2.10

Chota Pesa is a financial service established in Tanzania that provides instant cash loans, aiming to support individuals facing urgent financial needs and economic difficulties.

Loan Offerings

• Loan duration ranges from 91 to 180 days.
• Loan amounts available from 20,000 TZS to 1,000,000 TZS.
• Annual interest rates vary between 6% and 20%.

Example Calculation

1. Loan Principal: 100,000 TZS
2. Interest Rate: 10% per annum
3. Loan Term: 180 days
4. Fees: None
5. Interest Accrued: approximately 5,114 TZS
6. Total Repayment: approximately 105,114 TZS

Eligibility Requirements

• Must be a Tanzanian citizen over the age of 18.
• Must have an active mobile wallet account with VODACOM, AIRTEL, or TIGO.
• Must own a mobile phone capable of internet access.

Advantages of Using Chota Pesa

• Simplified Application Process: A mobile device suffices, enabling online loan applications without collateral through a brief questionnaire.
• Data Security: Proprietary encryption technologies protect customer data, maintaining confidentiality.
• Availability: The platform operates around the clock, allowing users to apply for loans from any location at any time.

Loan Application Procedure

1. Download the Chota Pesa app from Google Play Store.
2. Create an account using your mobile number.
3. Provide essential personal information.
4. Select and apply for an appropriate loan amount.

Contact Information

• Phone: 0766739973
• Email: [email protected]
• Location: 2F, Plot 27 Mkwepu Street, Dar es Salaam