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Bustisha

Bustisha is an overdraft service that enables you to complete your Tigo Pesa transactions when you have insufficient funds in your Tigo Pesa wallet. Tigo Pesa active customers will be eligible to access this product but will have to first subscribe and consent via the Tigo Pesa USSD menu or Tigo Pesa App.

Active customers will be eligible

First subscribe and consent via the Tigo Pesa USSD menu or Tigo Pesa App.Upon a failed transaction, subscribed customer will receive a notification of the respective Bustisha limit available to them and a request for their consent to utilize the service.

Charges Structure:

There are two charges structures that will be charged to Bustisha Customers.

1. One-Time Interest:

One-Time Interest will be charged every time upon taking of New Tigo Pesa Overdraft. This shall be charged according to the bands as indicated below:
BAND/DAYS ONE-TIME-INTEREST
1-1000 5.70%
1001-3000 6.00%
3001 – 4000 6.20%
4001 – 10000 6.90%
10001 – 20000 6.20%
20001 – 30000 5.70%
30001 – 40000 5.00%
40001 – 50000 4.50%
 

2. Daily Interest:

There is a daily charge that a customer will be required to pay for each day the Bustisha facility remains unpaid called Interest. Interest will continue to accumulate each day a customer defaults on repaying the Tigo Pesa Overdraft till day 16th where Interest will be capped until the 30th day. The outstanding balance will not accrue any additional interest after Day 30.
BAND/DAYS INTERESTS BANDS
Same day 2′ – 5 Days 6′ – 10 Days 11′ – 15 Days After 16 Days
1 – 1000 5.30% 6.80% 10.30% 14.30% 15.80%
1001 – 3000 5.60% 7.10% 10.60% 14.60% 16.10%
3001 – 4000 5.80% 7.30% 10.80% 14.80% 16.30%
4001 – 10000 6.50% 8.00% 11.50% 15.50% 17.00%
10001 – 20000 5.80% 7.30% 10.80% 14.80% 16.30%
20001 – 30000 5.30% 6.80% 10.30% 14.30% 15.80%
30001 – 40000 4.60% 6.10% 9.60% 13.60% 15.10%
40001 – 50000 4.20% 6.00% 9.00% 13.20% 15.00%
 

How To Via USSD:

How to subscribe Check Bustisha Limit Settle Balance In Full
Dial *150*01# Dial *150*01# Dial *150*01#
Select 7 Financial Service Select 7 Financial Service Select 7 Financial Service
Select 2 Bustisha Select 2 Bustisha Select 2 Bustisha
Accept Terms & Condition Select 2 Bustisha Limit Select 1 Settle Balance
Enter PIN To Confirm Subscription Enter PIN To Confirm Select 1 Pay Full
Then Follow Instruction
Settle Balance In Partial Check Outstanding Balance How To Unsubscribe
Dial *150*01# Dial *150*01# Dial *150*01#
Select 7 Financial Service Select 7 Financial Service Select 7 Financial Service
Select 2 Bustisha Select 2 Bustisha Select 2 Bustisha
Accept Terms & Condition Select 2 Bustisha Limit Select 1 Settle Balance
Enter PIN To Confirm Subscription Enter PIN To Confirm Select 1 Pay Full
Then Follow Instruction

How To Via Tigo Pesa App:

How to subscribe Check Bustisha Limit Settle Balance In Full
Dial *150*01# Dial *150*01# Dial *150*01#
Select 7 Financial Service Select 7 Financial Service Select 7 Financial Service
Select 2 Bustisha Select 2 Bustisha Select 2 Bustisha
Accept Terms & Condition Select 2 Bustisha Limit Select 1 Settle Balance
Enter PIN To Confirm Subscription Enter PIN To Confirm Select 1 Pay Full
Then Follow Instruction
Check Outstanding Balance How To Unsubscribe
Dial *150*01# Dial *150*01#
Select 7 Financial Service Select 7 Financial Service
Select 2 Bustisha Select 2 Bustisha
Select 2 Bustisha Limit Select 1 Settle Balance
Enter PIN To Confirm Select 1 Pay Full

Fill in your details to request
for the API documentation

FAQs

This is an overdraft service that allows Tigo Pesa customers to complete their Tigo Pesa transactions when they have insufficient funds in their Tigo Pesa account. All you need to do is transact normally on Tigo Pesa and if you have insufficient funds, Bustisha will cover the shortfall.
Bustisha limits range between 1 – 50,000 TZS, Customers will be allocated with different limits depending on their score which is determined by but not limited to: how frequently one is using Tigo Pesa services and repaying Bustisha overdraft history.
All Tigo Pesa eligible subscribers, who have been active for more than 6 months can enjoy the Bustisha service, they just need to subscribe and consent to the service via the Tigo Pesa USSD menu or Tigo Pesa App.

Terms and Conditions

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