Licensing & regulation
Zazi Cash is a mobile lending service operated by Zazi Pesa Limited, a company registered in Uganda.
Regulator
Money lending in Uganda is supervised by the Uganda Microfinance Regulatory Authority (UMRA). Zazi Pesa Limited is applying for a money-lender licence; our licence number will be published here once issued.
Your data
We collect your phone number and NIN only to verify you and assess loans, in line with Uganda's Data Protection and Privacy Act.
Our loan terms
- Principal Amount: the cash sent to your wallet, from UGX 8,000
- Administrative Processing Fee: 2.0% of the principal — the legal maximum
- Monthly Interest Rate: 2.8% a month on the balance you still owe — the legal maximum
- Late Default Penalty: 1.4% a month, half the interest rate, on overdue principal only
- Total Cost of Credit: processing fee + interest, never more than 100% of the principal
- Example: UGX 8,000 for 5 days costs UGX 160 processing + UGX 37 interest, so UGX 8,197 is repaid
- Loan lengths: 5, 14 or 30 days
- Limits: Tier 1 UGX 50,000–150,000, Tier 2 UGX 500,000, Tier 3 UGX 2,000,000
- Cooling-off: cancel within 5 days of receiving the cash and every charge except the processing fee is refunded
- Every line is itemized and must be accepted before the contract is executed