Emerald Finance Limited has partnered with Airtel Mobile Commerce Ltd (Airtel Money) to introduce the Ka’Starta Loan service, a digital micro-term loan product designed to promote financial inclusion in Zambia.
This new service allows Airtel Money subscribers to access small, short-term loans directly via mobile phones, providing a quick and convenient credit option for millions of Zambians.
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Driving Zambia’s Financial Inclusion Through Mobile Access
The Ka’Starta Loan service aims to bridge the gap between traditional financial services and the underserved population in Zambia, offering instant access to credit through digital channels.
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The service is tailored to meet the financial needs of Airtel customers by providing flexible repayment terms and a secure, mobile-based platform for loan access.
This collaboration highlights the ongoing efforts to enhance digital financial services in Zambia, making credit accessible to individuals regardless of income level or location.
Leadership Insights on the Airtel Money-Emerald Finance Partnership
During the launch, Mr. Kabeke Mulenga, CEO of Emerald Finance Limited, expressed his unwavering commitment to the collaboration, emphasising that financial inclusion is key to economic growth and financial freedom in Zambia.
He stated, “Our partnership with Airtel Mobile Commerce Zambia is a strategic move to ensure that affordable credit is available to everyone, regardless of location or income level. Together, we are enabling more Zambians to access the financial resources they need to thrive.”
Mr Andrew Chuma, Airtel Mobile Commerce Country Director, also highlighted the partnership’s significance in driving financial inclusion, stating, “This micro-term loan product is a step towards a more inclusive digital economy, breaking down barriers to access to credit and empowering our customers to achieve their financial goals.”
The Ka’Starta Loan service is available to all qualifying Airtel customers who meet the eligibility criteria. This innovative financial product is poised to empower Zambians by providing a convenient and secure way to access credit, supporting entrepreneurial growth and helping individuals achieve their economic goals.
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About Emerald Finance
Emerald Finance Limited is a microfinance institution offering innovative financial services to underserved local communities. These communities are experiencing rapid growth, accompanied by an increasing demand for fair and reliable access to capital.
Leveraging the widespread adoption of smartphones and enhanced connectivity, Emerald Finance enables real-time access to funds, empowering individuals and businesses within these communities to meet their financial needs swiftly and effectively.
About Airtel Money
Airtel Money is a mobile-based service that allows users to manage their finances directly from their phones, anytime and anywhere.
With a mobile wallet sanctioned by the Bank of Zambia, customers can store kwacha-equivalent value and use it to purchase goods and services.
Airtel Money offers various services, including cash deposits and withdrawals; sending and receiving money across networks (MTN and Zamtel); transferring funds between Airtel Money and bank accounts; and checking bank balances and mini statements.