Pesa Bora

Pesa Bora is a mobile lending app created for people in Tanzania. It offers accessible loans with clear terms, no hidden costs, and a fast, fully digital application process. Whether you're managing everyday expenses or unexpected needs, Pesa Bora gives you a practical financial option backed by transparent policies.

Key Features:
Loan Amount: 100,000 to 2,000,000
Repayment Term: 91 to 270 days
Annual Percentage Rate (APR): Up to 22%
Fees: No service charges, no processing fees
Disbursement & Repayment: Handled via your local mobile wallet
Quick Review Process: Simple application and fast response

Example Calculation:
Suppose you borrow 100,000 for 91 days at the maximum APR of 22%.
The daily interest rate is approximately 0.06027%.
Over 91 days, total interest would be:
100,000 × 0.06027% × 91 = 548
Total repayment amount:
100000 (principal) + 548 (interest) = 100,548
No service fee is charged, and the amount you receive is the full 100,000. You repay 100,548 at the end of the loan term.

Eligibility:
Must be a Tanzanian resident
Aged between 20 and 58 years
Must have a valid local mobile wallet account
Provide accurate personal and contact information

What You Get:
No hidden fees — the amount you see is what you repay
No upfront payments or deductions
No collateral required
Transparent terms and responsible lending practices
Pesa Bora does not charge any additional or unexpected fees. Loan limits may increase based on repayment history and usage.

Contact Us:
For support or inquiries, please email: finance@solemnfinance.com