Power
Power Summary
Power is a mobile Android app in Finance by Power Financial Wellness, Inc.. It has about 930+ installs Based on AppGoblin estimates, it reaches roughly 142 monthly active users . Store metadata: updated Jul 28, 2025.
Recent activity: 44 installs this week (89 over 4 weeks) showing exceptional growth View trends →
Store info: Last updated on Google Play on Jul 28, 2025 .
0★
Ratings: 0
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App Description
Digitized financial services including earned wage access, savings, and loans.
Power helps customers access affordable and appropriate financial services.
Customers are able to access a percent of their earnings to help manage expenses. The percent access ranges from 5% to 50% of their net earnings (gross earnings less statutory and non-statutory deductions) and always complies with the labor laws of Uganda requiring take home of 1/3 of earnings.
Customers are able to access affordable longer term loans for productive purposes.
Terms of Loans:
a. Minimum repayment period: 2 Months (61 days)
b. Maximum repayment period: 24 Months
c. Repayment grace period (moratorium): up to 2 months
d. Borrow limit: up to UGX 10,000,000 (subject to affordability)
e. Interest rate: 1% - 7% per month on reducing balance (risk-based pricing)
f. Processing fee: 3.5%-7% of the loan amount
g. Grace period interest: Prorated at an interest rate based on the risk profile
h. Minimum APR: 15.03%
i. Maximum APR: 90%
Example of a Loan:
a. Requested loan amount: 20,000
b. Repayment period: 10 months
c. Interest rate: 20% p.a. (based on the risk profile of the customer)
d. Processing fee: 350
e. Monthly repayment: 2,315.53
f. Total loan repayment: 23,155.32
All amounts payable by you for any credit facility will be displayed prior to you accepting the credit facility.
Data Privacy and Protection:
We prioritize your privacy and adhere to strict data protection regulations to ensure your personal information is secure. Our app is compliant with applicable privacy laws and we are licensed as both a Data Processor and Data Controller by the Office of the Personal Data Protection Office. We implement robust security measures to safeguard your data and do not share your personal information with third parties without your explicit consent. For more details, please refer to our comprehensive Privacy Policy.
Contact:
We're always excited to hear from you! If you have any feedback, questions, or concerns, please e-mail us at hello@m-power.io.
Follow us on Social Media:
Twitter: https://twitter.com/yourpowerapp
Facebook: https://www.facebook.com/YourPowerApp
Instagram: https://www.instagram.com/yourpower_app
LinkedIn: https://www.linkedin.com/company/power-financial-wellness-inc
Visit our website: www.yourpower.io
Our Office Address:
Office 263
Tirupati Mazima Mall
Ggaba Road
Central Kampala
Uganda