Karibu Presta Capital // Helping Disrupt Lending Culture in Kenya

May 9, 2022

Karibu Presta Capital // Disrupting Lending Culture in Kenya

Presta Capital, a company that offers secure, simple, and affordable digital banking platforms for SACCOs and their members, who are often excluded by traditional banks has joined our ever-growing community.

Co-founded by Tom Muriranja, Presta is a mobile-based peer to peer lending platform that allows you to decide your rates, decide the loan periods, decide the customers you want to lend to and many more.

The company believes that there is a better way to do lending. A more valuable, pocket-friendly, and less invasive way where customers are earned rather than bought.

The company is passionate about seeing a future where communities, regardless of their financial muscle, can be empowered to support and grow each member of the community.

Established in 2017, Presta Limited is a subsidiary of Workpoint Limited, a 5-year-old software development house. Presta exists to open up the mobile lending market to many more players in the Mid and low-level lending sector including; Saccos, MFI’s, and other community lending organizations.

Presta Capital is trusted by over 80 lenders and over 70000 customers and works with some of the leading SACCOs in the country including Ketepa Sacco, Unga Sacco Society Limited and Rubani Sacco.

The Presta Capital platform features include:

An end-to-end lending platform that is available on both USSD and App.
A customizable appraisal engine and an in-built fraud mitigation algorithm.
Dashboards for analysis & performance monitoring.

Accelerating Digital Transformation

Presta Capital offers affordable comprehensive cloud-based solutions Through this users benefit greatly from collecting most of their payments on time by simply staying on top of delinquencies, late payments, and balances.

Sample this: Imagine having a digital system that allows to you scroll through data to contact large groups of clients with similar circumstances while maintaining personalized and regular communication on each client’s stated schedule or reminding clients about repayments. As if that’s not all, you’ll get all the above done with little to no human resources.

Presta goes a step further to mobilize customer service, initiate effective fund collection as well as notify management staff every time a payment is due, late or going delinquent. I still keep important dates like birthdays and anniversaries these usual routines are now more functions of habit than anything else though– since digital reminders and warnings became the ‘new norm’ in 2020.

And for some, many years before that. Imagine how much savings the utility companies that no longer routinely post every bill and letter are making. Yet now they are always remembered. Some of us even grow romantically accustomed to our schedules. We miss them when they are late, and even wonder about what could be delaying them.

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Presta is aiming to help more loan businesses cut down their expenses while improving collection efficiency.

Just the same way medical alerts, security communications, school assignments, and bank updates pop up as notifications when they land on our laptops, tablets, mobile, and other digitally connected devices.

Information travels across great distances in seconds to arrive on our connected devices, with only negligible cost per message.

All of your qualifying clients today will have access to one of these devices because they have other distant people to always keep in touch with too! Facebook, Instagram and LinkedIn never forget to remind me about upcoming birthdays, anniversaries and events for almost all the people within my different circles. My notifications are my new post-its! My bills are now e-bills.

They arrive by email and SMS message long before the mailman’s version reaches the post office.

Businesses spearheading the new digital age already use cloud or local server-based systems to manage clients, portfolios and even shareholders.

So Presta’ solution builds on the attempts of existing products that are claiming to satisfy loan business’ needs.

Successful businesses are reaching more clients with fewer scans, printing and telephone call costs, organizing more data using less capital, and always remembering esteemed clients and staff when it matters the most i.e. when payments are due, late or dangerously delinquent.

That’s when the opportunities for clients to borrow more stem from. In short, companies looking to not only survive but thrive in the near future MUST follow these digital trends with an unmatched conviction.

The platform does more than store, sort and process data. Presta is a trend-setting company that regards Storage Backup, Security Protection and Server Maintenance as essential to you, your shareholders, and your clients’ peace of mind. Market leaders are already building close relationships with your potential clients.

They are becoming a part of these clients’ life routines by penetrating the new sixth sense. Digital devices keep us connected to friends, family, business associates, doctors, schools, politicians, and a global marketplace.