WezaCash is a fintech social enterprise designed to break barriers to financial inclusion by enabling economically active poor people to access credit without the traditional, stringent conditions imposed by banks and microfinance institutions.

For many low-income individuals, lack of collateral, credit history, or formal employment locks them out of the financial system. WezaCash bridges this gap through innovative digital technology, alternative credit scoring, and community-based financial intermediation.

How WezaCash Works

1. Alternative Credit Scoring
   • Instead of relying on collateral, WezaCash uses an algorithm that considers alternative data such as phone usage, transaction history, savings behavior, and social networks.
   • This ensures that even first-time borrowers or those outside the formal financial system can be assessed fairly.
2. Accessible Credit
   • Loans are small, flexible, and tailored to the needs of small traders, farmers, and micro-entrepreneurs.
   • Borrowers can access credit to support working capital, farming inputs, small businesses, or household emergencies.
3. Digital Platforms + Human Touch
   • WezaCash is available through web and mobile applications, making it easy to access loans and track repayments.
   • For rural and digitally excluded communities, physical agents act as intermediaries, helping clients apply for loans, make repayments, and build trust in the system.
4. Financial Literacy and Empowerment
   • Clients receive basic financial education on responsible borrowing, saving, and business management.
   • Borrowers are encouraged to transition from short-term credit users to long-term entrepreneurs.

Impact

WezaCash is making finance work for the poor by:

• Expanding credit access to excluded groups such as women, youth, and smallholder farmers.
• Reducing dependence on exploitative moneylenders.
• Helping small entrepreneurs grow their businesses and improve household incomes.
• Building a digital credit history for borrowers, enabling them to access larger financing from banks and cooperatives in the future.

Vision

To create a financially inclusive society where low-income individuals are empowered to access affordable credit, grow their enterprises, and build pathways out of poverty.