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May 28, 2012updated 04 Apr 2017 4:14pm

UK’s Lendme to offer airtime loans to mobile users in Zimbabwe

UK-based and Africa-focused startup Lendme has kick-started its mobile airtime loan service in Zimbabwe The platform permits subscribers to borrow credit worth up to USD20 to top up their pay-as-you-go mobile account Lendme promises not to charge users if the loan is paid back within seven days, and subscribers will not need to commit to a contract

By Raphael Michilis

UK-based and Africa-focused startup Lendme has kick-started its mobile airtime loan service in Zimbabwe.  

The platform permits subscribers to borrow credit worth up to USD20 to top up their pay-as-you-go mobile account. Lendme promises not to charge users if the loan is paid back within seven days, and subscribers will not need to commit to a contract.  

“We don’t charge you a single cent! Just register, there are no strings attached,” the company says on its website.

The mobile credit can be paid back using a Lendme e-voucher, sold at over 500 merchants in Zimbabwe, or using an EcoCash Mobile wallet from Econet Wireless.

The e-voucher denominations range from USD0.25 to USD5.00.

“We recognise the inherent burdens airtime pre-payment inflicts on consumers hence, we have launched Lendme Airtime in Zimbabwe,” said Michael Charangwa Co-Founder.

 

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