TIGO Pesa has partnered with
According to
We initially launched the Tigo Nivushe mobile lending product in 2015, in partnership with JUMO, to make credit available to small/micro businesses and consumers who had never had access before or had experienced difficulties in accessing formal credit.
Since Tigo Nivushe's inception, we have managed to offer loans to over 2.1 unique Tigo Pesa customers,"
The tripartite agreement with
With this partnership, we will create more opportunities for our customers to access loans that can improve their daily lives. Eligible Tigo Nivushe customers can access these loans quickly and digitally.
"Customers who are registered and active on Tigo Pesa can borrow amounts ranging from 2,000/- to 1m/-, depending on requirements and eligibility, for a loan term of 7-30 days.
Non-eligible customers are encouraged to use Tigo Pesa services more to build a positive credit score and existing Tigo Nivushe customers are also encouraged to use the service more frequently and repay on time to increase the amount they are eligible to borrow.
We are committed to offering our customers the financial services they need to bring to life our vision of digital lifestyle transformation," explains Pesha.
Speaking at the launch event,
By growing digital banking initiatives and mobile technology integrations in
He added that their products and services speak well to their commitment to serving Tanzanians better, saying that recently they landed digital channel platforms with payment capabilities ranging from account-to-account transfers, bank to MNOs transfers, government bills payment services and others.
He said this demonstrates their key agenda of becoming a digitally led organisation through innovation, saying they are happy to take another important milestone by partnering with JUMO and Tigo to drive financial inclusion agenda in supporting the Government's initiative.
"We're excited about growing this proven product as we want more people in
He said this collaboration in a dynamic market deepens their work with partners to create positive outcomes for all parties, especially customers.
JUMO's Country Manager for
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