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Apply for personal loans fast and get funds to mobile money
PesaLink
A digital microloan app for Tanzanian consumers to apply for short-term loans up to TZS 800,000, get fast approval, and receive instant disbursement.
PesaLink Product Overview
Is PesaLink Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Tanzanian consumers
- Quick cash needs
What It Does Well
- Short-term mobile loans
- Fast approval flow
Things to Check
- Eligibility requirements
- Repayment period options
About PesaLink
PesaLink is a digital microloan product by KMG Shamsa Microfinance Limited that serves individual consumers in Tanzania who need short-term credit for urgent expenses.
Key capabilities include:
- Loan applications via mobile app: users download, register, apply for a loan, and receive funds through a fully digital process.
- Short-term loan terms: offers loans up to TZS 800,000 with repayment periods of 91 to 180 days.
- Transparent pricing details: states a maximum annual interest rate of 22% and a daily interest rate of 0.06%, plus a claim of no hidden fees.
- Fast decisions and payout: markets approval in minutes and instant disbursement to the user’s account once approved.
Available on Android; an information website is available at kmgshamsa.com.
It targets Tanzanian citizens aged 18+ with proof of steady income and an active mobile money account (such as M-Pesa, Mixx, or Airtel Money).
Notable in Tanzania’s digital lending market for combining app-only loan origination with disclosed loan limits, defined repayment windows, and stated interest rates, while emphasizing secure handling of personal and financial data.
PesaLink Facts
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What it does
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Frequently Asked Questions About PesaLink
PesaLink is a digital microloan service from KMG Shamsa Microfinance Limited that lets individual Tanzanian consumers apply for short‑term loans via an Android app. You download the app, register, submit a loan application, and if approved the funds are sent instantly to your mobile money account, with repayment over 91 to 180 days.
PesaLink does not charge a subscription fee; instead you pay interest on the loans you take. PesaLink states a maximum annual interest rate of 22% and a daily rate of 0.06%, with no hidden fees, and the total cost depends on your loan amount and repayment period.
PesaLink currently operates in Tanzania. Its PesaLink microloan service is targeted specifically at Tanzanian citizens using local mobile money services.
To sign up, download the PesaLink app on your Android phone, register using your mobile number and required personal details, then follow the in‑app steps to complete registration. Once registered and eligibility is confirmed, you can apply for a loan directly in the app.
Yes, PesaLink offers a mobile app for its PesaLink service on Android. All core actions, including registration, loan application, and receiving funds, are handled through this app.
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