Statapack is a 30 day , INTEREST FREE loan given to Vodacom Team Leaders and Freelancers to enable them purchase of Statapacks on credit.
The loan shall be accessed via USSD menu where they will be able to request and repay their loan.
The loan limit is 50% of the commission earned by the Team Leaders & Freelancers the previous month.
They will be able to increase their limits based on their repayment history and monthly commission.
Item | Description |
Loan amount | 1000 - 5,700,000 |
Loan term | 30 DAYS |
Collateral | Agents commission |
Multiple loans | Not Allowed |
Repayment | Self Repayment: Full and Partial Repayment MPESA Led: On default M-pesa repays for the customer the outstanding loan amount. |
Interest | 4.5 % which is paid by M-Pesa |
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