Tuesday, June 18, 2024

PesaX: Does it Accept Applicants with Poor Credit History?



PesaX is a fintech company that provides loans to individuals and businesses in Kenya. With its user-friendly platform and quick loan disbursement process, PesaX has become a popular choice for borrowers who need cash urgently. However, one common question among potential borrowers is whether PesaX accepts those with poor credit history. In this article, we will explore this topic in detail and provide you with the necessary information.

What is Credit History?

Credit history refers to a record of an individual’s or business’ borrowing and repayment activities. It includes details such as the amount borrowed, the lender, the repayment period, and the repayment history. A credit report is generated based on this information, and it is used by financial institutions to determine an individual’s or business’ creditworthiness.

Does PesaX Accept Applicants with Poor Credit History?

The short answer is yes, PesaX accepts applicants with poor credit history. Unlike traditional lenders, PesaX uses alternative data sources to assess the creditworthiness of its borrowers. This means that even if you have a poor credit history, you may still be eligible for a loan from PesaX.

Factors Considered by PesaX

When assessing your loan application, PesaX considers several factors, including:

  • Your income level: PesaX requires that you have a steady source of income to ensure that you can repay the loan.
  • Your employment status: PesaX prefers borrowers who are employed, but it also accepts self-employed individuals.
  • Your credit score: While PesaX considers your credit score, it does not solely rely on it to make a lending decision.
  • Your loan repayment history: If you have borrowed from PesaX before, your repayment history will be taken into account when assessing your new loan application.

Benefits of Borrowing from PesaX

Borrowing from PesaX has several benefits, including:

  • Quick loan disbursement: PesaX disburses loans within 24 hours of approval.
  • Flexible repayment terms: PesaX offers flexible repayment terms ranging from one month to one year.
  • No collateral required: PesaX does not require any collateral for its loans.
  • No hidden fees: PesaX does not charge any hidden fees, and its interest rates are transparent.


In conclusion, PesaX accepts applicants with poor credit history. While your credit score is considered, it is not the sole factor that determines whether you qualify for a loan. PesaX considers other factors such as your income level, employment status, and loan repayment history. Therefore, if you need a loan urgently but have a poor credit history, you can still consider applying for a loan from PesaX.

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