The most common reasons why 📩 Loan Application are rejected are the following:
- No job, no stable job or not enough salary
- No bank account to verify your financial history
- No credit score or credit score too low
- No collateral to offer or the loan amount too high
- Bankruptcy or existing debt too high
Moreover, many 📩 Loan Application are rejected because the application form is incomplete or contains contradicting data.
When you join Pocket Money 💰 Rewards you start earning and learning your way into financial inclusion. We help you to earn small 💰 Rewards consistently and provide you with the foundation of Financial Education. As you progress to 🎖 Levels 1, you will be able to apply for a 💵 Micro Loan of USD 100.
We cannot guarantee the approval of your 📩 Loan Application, but we can help you showing your 🏛 Licensed Lenders that you would be able to repay wither with your own money or "emptying your 🔐 Virtual Pocket" of all the 💰 Rewards.
Pocket Money is currently seeking Micro Credit license in Uganda, however, in other countries, we might help you to find 🏛 Licensed Lenders that have joined our network and are willing to consider your 📩 Loan Application.