Orange Money N’stakolle Mobile Micro-loans: Enhancing Financial Inclusion in Botswana

Orange Money Botswana has partnered with Access Bank Botswana to launch the N’stakolle
Loan, a micro loan service available exclusively to Orange Money users.
N’stakolle is a ground-breaking offering in Botswana, allowing eligible Orange Money
customers to instantly get an unsecured short-term loan between P50 and P1200. This offering
was developed to better serve customers’ needs and provide a convenient, reliable, affordable
and safe micro-loan service accessible through the mobile phone.
With N’stakolle, customers can now apply for instant loans with affordable service fees ranging
from 7.5% to 12.5%%. The loan tenure ranges between 3 days and 30 days, and the loan interest
charged will be based on the loan tenure.
Fulfilling the requirements however, does not guarantee that a customer will be granted the loan.
Eligibility and the loan amount will also depend on the monthly transactions done by customers,
which include Cash-In transactions, Money transfers and Bill Payments, amongst others. Further
correspondence should be made with Orange Money for detailed information.
In their continued commitment to provide Batswana with innovative solutions that enable them
to be closer to what matters most to them, Orange Money aims to create more solutions to
promote financial inclusivity. What began as a basic electronic payment service has now evolved
into a money lending solution with infinite potential. With the customer in mind, Orange Money
commits to relentlessly pursue value creation innovative solutions geared to uplift Batswana and
leave a long-lasting impact in the community.

Leave a Reply

Your email address will not be published. Required fields are marked *