…to help with many who have challenges access loans without collateral –
MTN Momo has partnered with Zedfin Financial services limited to launch Zedfin financial services Zed-fin Loans on the MTN Momo money Kongola platform.
Speaking at the launch ,MTN Momo Managing Director (MD) Mr. Kombe Malukutila revealed that his company this year has given out K10 billion on their kongola platforms to their esteemed customers which translate to 10 million loans to 500,000 users a sign that more has to be done to empower Zambian who struggle to get loans due to requirements like collateral.
Mr. Malukutila described the partnership as for Zambians, by Zambians and done in Zambia which will help empower the many Zambians especially MTN users.
He said that the huge portion of the market is still excluded, that’s why when Zedfin approached them saying that a huge portion is excluded they were excited.
“The launched product needs to be shared to everyone by all so that many can benefit, and that the real works starts”, he stated.
Meanwhile, Zedfin Chief Executive Officer (CEO) Justin Chola described the launch of the Zedfin Loans on the MTN Money Kongola platforms as the answer to the many who owns small businesses especially in the rural areas who will greatly benefit from the facility.
Mr. Chola added that the facility will provide technologically driven, safe, secure and affordable credit to the vast majority of the Zambian citizens.
He said that they desire to be a financial institution that will ultimately grant Zambians of all walks of life the opportunity to become co-owners of the business.