Simplified Mobile Lending Platform for

Presta is a Lender’s toolkit that allows lenders to determine:

1. Who to lend to and their borrowing limit.
2. What loans to offer (Multiple options exist including 7-day loans, 14-day loans, 21-day loans, 1-month loans etc)
3. What rates to charge for each loan type.
4. What penalties to charge for late repayment. Options include recurrent daily penalties, One time prorated, or fixed penalties as well as rolling over loans.

Presta Lending Platform was built to help lenders to securely and easily operationalize their Paybills. Therefore, lenders are expected to acquire and setup their Paybills on their Presta accounts, after which they can begin lending.

Caveat: Presta also provides a shared Paybill owned by WORKPOINT Limited for small lenders who may not be able or willing to acquire their own tills. Lender money on this Paybill sits in a trust account at a duly registered bank. Presta only holds the digital transaction records for each of these lenders.

Presta is an invite-only service that lets Lenders invite their own preferred and pre-appraised customers. These customers receive SMS alerts informing them that they’ve been invited to use the lenders’ service. It’s only after accepting the invitation through the Presta USSD App that the customer begins to transact with the Lender.

There is no setup fee on Presta.