Mlezie

Features Mlezie

The Mlezie App is tailor-made exclusively for the Parent/ Guardian with a school-going child.We transfer loans taken up with us directly to the child’s school and create room for the Parent to repay the school fee loan while keeping the child in school.
We have therefore partnered with the schools to make this happen.
We offer loans of up to Ksh 20,000/=.
Upon our verification, with the school’s input, we are able to approve applications within a reasonable time of not more than 7 days through our secure App.We offer the followinga.
Convenience;The App is designed to pioneer convenient parenting.
The Parent takes back the child to school hustle free.
We interact with both parents and School to offer the best possible arrangements to keep the child in School.No Collateral required, paperless applicationSimplified App which is easy to useb.
AffordabilityThe Parent is afforded a convenient interest rate of 5% per month for a period of 90 days which is the average school term.
Mlezie provides options to the Parent to either make daily payments, weekly payments, or monthly payments to settle the dues.c.
TransparentThe App calculates each cost at the time of Applying for the loan.
There are no hidden charges.
We provide easy-to-read financial statements on each account which is visible to each of our parents.d.
Secure and PrivateMlezie understands the importance of the information that our clients provide.
The App secures all personal information in compliance with the applicable data protection laws.
Requirements.
Valid Identification Documents.
Operational registered Sim Card.
Age 18 years and above.
A parent/guardian with a school-going child.
Verification by the schoolMlezie App OffersLoan amounts of Ksh 500- Ksh 20,000/=Interest rate 5 % per MonthMaximum Annual Percentage Rate 60%Penalty for defaulter at 10% one time on the principle amountMinimum and Maximum repayment period 90 days Example;Parent borrows Ksh 10,000/= school fee (Principal sum)Principal Ksh 10,000/=Add 15 % Interest Ksh 1,500/=Total amount due Ksh 11,650/=Repayment Module for Ksh 11,650Daily payment Ksh 11,650 ÷ 90 days= Ksh 127.7/=Weekly payment Ksh 11,650 ÷ 12 Weeks= Ksh 958.3/=Monthly payment Ksh 11,650 ÷3 months = Ksh 3,833.3/=RepaymentUse our Pay bill Number 4081963 to make the payments.
The App enhances the loan limit when the parent uses it multiple times and makes settlements within the set duration.
Our terms and conditions Apply.Kindly read Mlezie Ltds terms and conditions carefully and the Privacy Policy before you download the App or make any Application/Request.OUR CONTACTSMLEZIE LIMITEDP.O.
BOX [email protected] line +254 (0) 745528929