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PesaKit - Coggle Diagram
PesaKit
Employer
Issue details on employee
Employee National Id, Work ID
Employee NHIF,NSSF number
Employee contract period dates
Employee benefits(Medical Insurance cover, pension, housing)
Employee tax free remuneration
Sets loan limit to employee
Employee full name
Define open days(5th - 20th)
Define Invoice days(21st)
Define payment days(28th)
On- boards selected employees to Pesakit
Employee logs in PesaKit platform
Employee identify and requests type of loan
PesaKit conducts due- diligence on employee details
(Limit, salary amount, credit score, KYC documents)
PesaKit offers loan limit for Salary advanced loan
Employee accepts offered loan limit
PesaKit deposits amount to;
1.employee's wallet.
Bank
PesaKit shares loan information to Employer
(Loan invoice, repayment amount,
repayment due date, late repayment charges)
Employer deducts loan amount during payroll processing(One week before payroll date)
Employer sends repayment amount to PesaKit account
Mode of repayment(Mobile payment, Paybill,
bank transfer, cheque)
PesaKit sends sms, email with links to PesaKit app
PesaKit offer On-boarding training and financial planning webinars to employees