What does Pezesha do?
For starters, Pezesha is derived from (Pesa + Wezesha) to mean financial empowerment. This ultimately summarizes our mission.
It’s been now 18 months of our journey, the most part of it, we have pivoted our value proposition by zooming it in and out and now we are here. This is where we belong…..We have learnt a few things, we have flipped the script. (a post for another day) but today, we want to make it clear what we do at Pezesha and what we will continue to do as part of our mission and purpose.
This post will be outlined in two separate sections. One will explain the value chain of our business, the second one will explain how we see our business and services in the credit ecosystem as a whole.
Our Business Value Chain
They say a picture is worth a thousand words. Our financial empowerment value chain starts with financial education…and ends with financial empowerment.
Hint: Patascore is our sister company, which handles the financial education and credit scoring aspects of our business. Patascore provides these services for both Pezesha and other financial institutions.
As the diagram above depicts, individuals first go through financial education and credit scoring (both handled by Patascore). If they wish, those who get a good credit score can then apply for a loan from Pezesha’s platform, through which any lender who uses our infrastructure can provide a loan competitively.
Those who do not get a good credit score need not to worry. They continue going through Patascore’s financial education program, until they get a good enough credit score to qualify for a loan (if they so choose).
Financial Credit Ecosystem — Where we stand
In relation to lenders, borrowers and credit scoring agencies, Pezesha’s role is at the heart of it all. See infographic below for details:
Our infrastructure consists of the following:
- Financial education — We educate individuals, MSMEs and groups (Chamas, Saccos) on financial knowledge in improving their spending habits, credit habits and saving habits leading to an improved long term credit history. We leverage on both digital and offline agent network to disseminate personalised financial literacy. On the supply side, we are also educating our lenders on how to reduce risky lending and ensure maximum returns on their investments through our portfolio management offering.
- Credit Scoring/Decisioning — Once educated, one can choose to take our Patascore assessment to get his/her holistic credit scores and tips on how to improve it.
- Marketplace — We then match good and quality borrowers seeking affordable loans with lenders on our marketplace. These lenders include High Net-Worth individuals and institutions as well as retail lenders
- Lending as a service platform — We offer effective non-bank simple APIs to scale and grow faster without worrying about tech infrastructure costs.
Pezesha aims to democratise and bring back safety and sanity in the current broken credit ecosystem where we see from our wider catchment of data sets, common behaviour of borrowers gambling at least 40% of their credit and loan stacking from multiple mobile lenders. Join us today to promote responsible borrowing that creates long term purpose and wealth to the entire African economy. Sounds ambitious? Right? If it does not scare us then we are not interested.Visit us on www.pezesha.com to learn more about us or reach out to us at hello@pezesha.com