How it works
Peer keeps what works about saving in a group — trust, discipline, shared opportunity — and adds clear rules, explained analysis and a track record banks can read.
The journey
This is the journey the pilot demonstrates, end to end.
Tell us what you are saving toward — more stock, a piece of equipment, a bigger contract — and when you need it.
Bank and mobile money statements, invoices, a photo of your sales book. Whatever you keep, in whatever shape.
AI reads your records and explains your cash flow, savings capacity and repayment capacity in plain words, and says what is missing.
Join an open pool Peer matches you into — up to eight businesses whose contributions, funding needs and timing fit together, and whose risks don't all land at once. Or start a closed group and invite businesses you know by SMS or WhatsApp.
Save at least the group's minimum every month — more whenever you can. Each on-time contribution grows your portfolio and the track record banks look for.
After a steady contribution history, borrow up to twice your savings from the group's own fund, within what you can afford.
Borrowing
The lowest of four limits. Members start borrowing after 3 on-time contributions in a row.
Example: a trader has saved K 14,400 in a pool with K 100,000 of assets, and her records support repayments of K 3,200 a month.
She can borrow up to K 28,800. A K 20,000 loan over 12 months costs K 1,833.60 a month at 1.5% monthly interest, paid back into the group.
Questions
Peer is designed to work with a licensed bank that provides custody, payments and investment administration. The group's funds are held there, not by Peer.
Up to twice your accumulated savings once you have a steady contribution history — and never more than your cash flow can repay, the group can lend, or a fair share of the group's assets.
No. AI reads and explains your records. Limits come from agreed formulas, the group approves each loan, and a person reviews it before money moves.
Start with what you have: mobile money statements, invoices or photos of a sales book. The assessment tells you what is missing and what would help.
Yes. Start a closed group and invite other businesses by SMS or WhatsApp. The same lending rules apply, and the group starts saving once four members have joined.
The pilot tests groups of up to eight businesses, matched so their funding needs and risks are spread out.