Airtel Money, PremierCredit Partner For Instant Mobile Loans

Airtel Money Zambia and PremierCredit have joined forces to launch a new mobile loan service called “Na Sova KaFast Loan” aimed at promoting financial inclusion in the country .

The partnership will enable eligible customers to obtain a loan in times of need that will directly go into their Airtel mobile money accounts instantly, eliminating the burdensome paperwork of traditional loan applications.

“The launch of KaFast loan symbolizes a shift towards a future where financial assistance is not a privilege but a fundamental right,” said Vincent Malekani, Chief Executive Officer of PremierCredit. “Access to credit should not be determined by socio-economic status, but by the power of inclusion.”

The KaFast loan service simplifies the loan application process by allowing eligible Airtel Money customers to apply directly through their mobile devices. This eliminates the need for lengthy paperwork and bureaucratic hurdles, ensuring faster access to financial aid in times of need.

“We are thrilled to announce a significant milestone as we partner with PremierCredit to launch the Nasova KaFast Loan on our Airtel Money Menu for our customers,” said Andrew Chuma, Airtel Mobile Commerce Country Director. “This partnership represents a fusion of expertise and a shared vision of driving financial inclusion and prosperity for all . By leveraging our extensive reach and PremierCredit’s robust financial offerings, we are  poised to redefine the landscape of financial services in the region.”

To be eligible for a KaFast loan, customers must be active Airtel Money users for at least six months with a history of regular transactions. Additionally, they must have a clean repayment record on any previous Airtel Money loans.