Emerald Finance and Airtel Mobile Commerce Launch ‘Ka’Starta Loan’ to Boost Financial Inclusion in Zambia
Emerald Finance Limited has joined forces with Airtel Mobile Commerce Ltd (Airtel Money) to unveil a groundbreaking digital micro term loan product named ‘Ka’Starta Loan’. This new service, available on the Airtel Money platform, aims to enhance financial inclusion and provide accessible credit solutions for Airtel Money subscribers across Zambia.
The ‘Ka’Starta Loan’ is designed to bridge the gap between traditional financial services and the underserved population, offering a user-friendly, mobile-based solution for instant loan access. This partnership represents a significant step forward in the effort to expand digital financial services within Zambia.
At the launch event, Emerald Finance Limited’s Chief Executive Officer, Mr. Kabeke Mulenga, highlighted the importance of the initiative.
“At Emerald Finance, we view financial inclusion as a key driver of economic growth and personal financial freedom. Our collaboration with Airtel Mobile Commerce Zambia is a strategic effort to ensure that affordable credit reaches everyone, irrespective of their location or income level. This partnership enables more Zambians to access the financial resources needed to thrive,” Mulenga stated.
He added, “We are thrilled to work with Airtel Zambia to introduce the Ka’Starta Loan product to all eligible Airtel Mobile Money subscribers. This initiative aligns with our vision of enhancing financial inclusion and empowering Zambians to achieve their economic goals. By utilizing digital channels, we are simplifying access to credit and supporting entrepreneurial growth nationwide.”
Airtel Mobile Commerce Country Director, Mr. Andrew Chuma, echoed Mulenga’s enthusiasm, emphasizing the partnership’s role in advancing financial inclusion.
“Our collaboration with Emerald Finance Limited underscores our dedication to delivering innovative financial solutions that address the needs of all Zambians. The Ka’Starta Loan product is not just a financial tool; it represents a significant stride toward a more inclusive digital economy. We are committed to breaking down barriers to credit access and empowering our customers to meet their financial aspirations.”
The Ka’Starta Loan offers Airtel customers the opportunity to access small, short-term loans directly through their mobile phones. With flexible repayment terms tailored to individual needs, the service provides a quick, convenient, and secure way to obtain credit without relying on traditional banking infrastructure.
This initiative is available to all Airtel customers who meet the eligibility criteria, further advancing the reach of financial services in Zambia.
