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May 08, 2018, 03:45:48 AM |
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L Pesa has harnessed these market forces and built technology and a
proprietary credit scoring model that allows it to quickly scale microlending
in developing countries while keeping loss ratios below 10%. The solution is
highly automated, allowing a small back office team to support high volume
loan origination. All loans are serviced by L Pesa.
Ron Ezra Tuval, the founder and managing director of L Pesa, has extensive
experience in the developing world, primarily concerning
technologies related agriculture and tourism projects. Ron first came across
microfinance in South East Asia and spent a decade incubating the idea of
L Pesa while waiting for the required technology to mature. Ron has built a
strong and diverse team for L Pesa with in country managers operating in
Tanzania, Kenya, and Uganda, and a development team in India. There is
also a back office team in Tanzania, Kenya, and Uganda handling
background checks, credit approvals, and customer service. The technology,
marketing, and accounting teams operate on a virtual model and consist of
experienced staff based in Europe, USA, Africa, and India.
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