By Chimwemwe Mangazi:
TNM Mpamba Limited has revealed that its loan book has grown to K17 billion in four months ending January 2024 through a loan product dubbed Mpamba Ndikankhe.
In an interview, Thursday, TNM Mpamba General Manager Chris Sukasuka said K2 billion was accessed by individual customer’s while K15 billion was accessed by TNM Mpamba agents.
He said 930,000 customers registered on the platform but 559,000 were the ones that accessed loans.
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“Our commitment is to supporting individuals and businesses with accessible and reliable financial solutions. This innovative loan facility represents a significant milestone in our mission to empower individuals and businesses through financial inclusion.
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“We believe that everyone deserves access to credit, and we are committed to breaking down barriers and creating opportunities for our customers to thrive,” Sukasuka said.
He said plans are underway to expand Mpamba suite of financial products and services to drive positive change and make meaningful impact in the lives of its customers through mobile telephony.
Some of the company’s customers that we engaged randomly indicated that the loan facility let alone mobile money platforms are influential for allowing the populous to access formal financial services.
Blantyre based Harley Mwachande said: “I was stranded but Mpamba Ndikankhe came to my rescue that I managed to get K20,000 in January. I was able to buy maize flour and relish for my family during a time I did not have any money.”
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Mpamba Ndikankhe provides loans in different ranges hence enhancing customers’ experience based on the usage and period for being on the Mpamba platform.
