What is the difference between an impactMarket microcredit and a regular bank microloan?

impactMarket’s Microcredit ensures that all selection processes occur within a few days, directly on your phone and with the best interest rate available on the market. impactMarket microcredit is disbursed in Celo Dollars (cUSD).

The loans in local banks have several requirements you need to meet higher interest rates. For example, a bank's interest rates can usually be 35% or higher. It also takes a lot of time to be processed, requires you to complete many steps, and even spend some money before receiving your loan amount.