Lendsqr Launches Flexible Line of Credit Feature for Zambian Lenders
Lendsqr, a global Lending-as-a-Service (LaaS) platform that supports financial institutions in building and scaling digital credit systems, has launched its new Line of Credit feature in Zambia. The innovation enables lenders to provide customers with flexible access to funds, allowing them to draw, repay, and borrow again within an approved credit limit.
Unlike conventional loans, which offer a single disbursement, a Line of Credit gives borrowers continuous access to money as required. This approach helps individuals and businesses manage cash flow, respond to emergencies, and meet recurring financial needs without applying for new loans repeatedly.
Chief Executive Officer Adedeji Olowe said the feature reflects modern customer demands for adaptable finance solutions.
“Customers today want financial products that move with them, not against them,” he said. “The new Line of Credit feature empowers lenders in Zambia to provide borrowers with the freedom to access funds on demand, strengthening relationships and boosting financial inclusion.”
The new feature can be set up and managed directly from the Lendsqr admin console. Lenders can configure credit limits, interest rates, repayment rules, and usage conditions according to their customer groups, whether serving salaried workers, small business owners, or frequent borrowers.
Zambia’s financial sector continues to expand, with increasing demand for borrowing options that offer flexibility. Many institutions still rely on traditional loan formats that restrict repeat access to funding. Lendsqr’s Line of Credit aims to close this gap, enabling lenders to remain competitive while giving customers more adaptable borrowing choices.
