Albany James

Founder @Foodsasa1, Former Head of Marketing @JumiaTz, Chief Executive Officer - @ApexMedia_tz , Founder-@gigsafrika, Former Marketing Manager @easybuyafrica

[Albany James @AlbanyJames1]

Ujinga ni…….

[Albany James @AlbanyJames1]

I laughed so hard.. enjoy!

[Primes @PrimeThread_]

A thread of Xavier's most savage replies 😂

[Albany James @AlbanyJames1]

Does every taxi or boda hailing app founders in Uganda know that over 90% of drivers always ask for money than what the app states? @SafeBoda @boltapp

[Albany James @AlbanyJames1]

The platform covers house rents, & school fees, & follows the model of 'Study Now and Pay Later.' Despite facing challenges like growing defaulters and limited creditworthiness data, @PangoAfrica aims to revolutionize home financing in Africa.

#40Days40FinTechs #LevelOneProject

[Nicholas L. Ntulume @djnicknicholas]

The platform covers house rents, & school fees, & follows the model of 'Study Now and Pay Later.' Despite facing challenges like growing defaulters and limited creditworthiness data, @PangoAfrica aims to revolutionize home financing in Africa.

#40Days40FinTechs #LevelOneProject

[HiPipo #IncludeEveryone #LevelOneProject @hipipo]

On the eighth day of the #40Days40FinTechs initiative in Tanzania, we explored @PangoAfrica, a FinTech company revolutionizing the rental landscape with its innovative Rent Now and Pay Later model. Pango Africa leverages financial technology to provide users with flexible payment options, making renting more accessible and convenient. #LevelOneProject

Video: https://t.co/SplZ3wmmdM

[Nicholas L. Ntulume @djnicknicholas]

#40Days40FinTechs initiative for Tanzania | Day 8

@PangoAfrica, a home financing digital platform has incorporated financial technology into its Rent Now and Pay Later Model.

#LevelOneProject @HiPipo @AlbanyJames1 @ict_commission @mojaloop @wizarahmth

[HiPipo #IncludeEveryone #LevelOneProject @hipipo]

.@PangoAfrica has deployed FinTech in its Rent Now and Pay Later Model. #40Days40FinTechs Tanzania Day 8.

Searching and finding a house to rent as a home or a business is a huge hustle involving several brokers and agents. But when you are fortunate to find your preferred house, another issue comes in.

The majority of the property owners and managers have rent agreements that guarantee them bulk payments that are yearly, half year or if you are very lucky quarterly. This requires huge amounts of cash that many people struggle to have at once.

It is such ills that Pango Africa came to cure. Pango is a home financing digital platform for Africans that helps aspiring homeowners or renters pay for their homes in convenient and flexible ways.

@AlbanyJames1, the company founder notes that Pango is a FinTech that is implementing the program of Rent Now and Pay Later for salaried employees in Tanzania.

“Most of the landlords in Tanzania prefer three months, six months or one-year rent advances. This makes it hard for people to get affordable houses. What Pango does is pay for you for a full year, then make monthly deductions off your salary. We don’t send you the money, we send it to the landlords directly because we have realized that when people get money directly, they sometimes use it for reasons other than those they mentioned when accessing the credit,” Albany said.

He added that due to public demand, they have added a school fees payment element that is very beneficial to parents, pupils and the schools.

“We are also implementing a similar model for schools where we pay school fees directly to the schools for parents that are not able to pay the school fees on time. After making the payment to the school, we let the parents pay monthly instalments to us without worrying about their kids missing school. This we call Study Now and Pay Later.”

According to Albany, some of the main challenges they are facing while implementing this business model are growing numbers of defaulters, limited data about creditworthiness, bad employer-employee contracts and trouble signing partnerships with other Financial institutions because of the absence of collateral that Banks need to recapitalize such businesses.

“This is a new business model and thus most people don’t appreciate it. Most of these government institutions and banks don’t want to go down this route because to them it is a very risky loan business, but to us, it is where we shine.”

Pango features on Day 8 of the #40Days40FinTechs initiative for Tanzania. First implemented in Uganda, 40 Days 40 FinTechs is an annual #FinTech Innovation initiative presented by HiPipo to recognize and celebrate individuals and organizations who are making significant strides in promoting financial inclusivity through the use of technology.

It is aimed at promoting innovation and collaboration among #FinTechs in Africa. The initiative is designed to provide FinTechs and startups with mentorship, training, exposure, and networking opportunities to help them grow and scale their businesses.

MORE DETAILS: https://t.co/WJh7s6aT2m

#LevelOneProject #IncludeEveryone | @gatesfoundation @mojaloop @ict_commission @wizarahmth @KawooyaInnocent @NicholasKalungi @NeezaCharlotte @emmamwanje256

[Ifakara Hub @HubIfakara]

"Entrepreneurship is not for the weak" @AlbanyJames1
#InspirationalTalk

[Albany James @AlbanyJames1]

Wagaga gigi koko! Nani anawajua hawa? @AvidaceTheophil @KaizaFelix @GlorianaNdibal1 @Afruturist @musakamata @NelwasGelato @brompo

[Albany James @AlbanyJames1]

@AvidaceTheophil

[Albany James @AlbanyJames1]

Kati ya Dobi na Messi, nani anapiga pasi sana? Nimeulizwa hapa!

[Albany James @AlbanyJames1]

How true is this?

[Albany James @AlbanyJames1]

We live and we learn!

[Albany James @AlbanyJames1]

@CheedKhalifa26 We Umetoa hii habari Mkuu? Maana ni kama umeamini na unauliza shida gani imemkuta..

[Albany James @AlbanyJames1]

How different people participate in football (soccer)
1. South America provide the players
2. Middle East provide money
3. Europe provide playing grounds
4. Africa provide fans

😁😁😁
Is it?

[Albany James @AlbanyJames1]

@cmutena This is where Ubuntu comes in! Iam because you are! Takes a village they say!

[Albany James @AlbanyJames1]

I swear!

[Albany James @AlbanyJames1]

@AvidaceTheophil Amen!!!

[Albany James @AlbanyJames1]

https://t.co/GcCj9ZEhyF