{"id":66169,"date":"2016-03-17T13:01:19","date_gmt":"2016-03-17T11:01:19","guid":{"rendered":"http:\/\/www.myza.co.za\/tigo-tanzania-launches-innovative-nano-lending-scheme-to-its-customers\/"},"modified":"2016-03-17T13:01:19","modified_gmt":"2016-03-17T11:01:19","slug":"tigo-tanzania-launches-innovative-nano-lending-scheme-to-its-customers","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/tigo-tanzania-launches-innovative-nano-lending-scheme-to-its-customers\/","title":{"rendered":"Tigo Tanzania launches innovative nano lending scheme to its customers"},"content":{"rendered":"

DAR ES SALAAM, Tanzania, March 17, 2016\/APO (African Press Organization)\/ — <\/span><\/p>\n

Leading digital lifestyle company, Tigo (www.Tigo.co.tz), announced today that it will launch an easy to access nano lending product to its stable of mobile financial services. This new product will not require collateral and offers immediate access to small loans to Tigo Pesa users.<\/p>\n

\n

Tigo Head of Mobile Financial Services, Ruan Sawnepoel, said in a statement to the press today that for the first time the nano loans product, called Tigo Nivushe<\/em> will allow Tigo Pesa customers to build their own credit history and being open to any Tigo Pesa customer turns the typical lending models upside down.\u00a0 No security is required or taken and the loan product has been designed to be transparent and foster responsible lending.<\/p>\n

Explaining the product\u2019s flexibility, Swanepoel said Tigo Nivushe<\/em> offers different lending periods with variable administrative costs based on the length of tenure. The loans \u2013 with an average of Tsh 10,000 (US$ 5) \u2013 are processed in real-time and funds transferred within minutes. As customers build up their credit history they are able to borrow higher amounts with lower administration fees.\u00a0 Loans are delivered directly to the mobile wallet so customers can immediately use the funds to pay bills, transfer to others, or cash out at the thousands of agents across the country, he noted.<\/p>\n

\u201cTigo Nivushe<\/em> has been designed to encourage responsible lending. Previous mobile behaviour is used to determine suitable limits for loans and customers will only be able to have one loan at a time.\u00a0 Protection against life shocks is included as everyone will be automatically insured for the loan amount against death or permanent disability. Most importantly, as the product is fee based no interest can be accumulated in the event of default and acquiring a loan will not affect mobile or Tigo Pesa accounts in any way, \u201c Swanepoel said.<\/p>\n

The head of Mobile Financial Services further said: \u201cWe are thrilled today to be launching Tigo Nivushe. It is an essential product for driving financial inclusion, which is critical to Tanzania\u2019s continued economic growth and success. These quite small loans can make all the difference and are crucial for building credit history and obtaining credit in the future.\u201d<\/p>\n

Disruptive E-money services, delivered through mobile phones have already changed the lives of millions of people. With this new responsible lending product, Tigo wants to change the way people think about lending, according to Ruan.<\/p>\n","protected":false},"excerpt":{"rendered":"

DAR ES SALAAM, Tanzania, March 17, 2016\/APO (African Press Organization)\/ — Leading digital lifestyle company, Tigo (www.Tigo.co.tz), announced today that it will launch an easy to access nano lending product to its stable of mobile financial services. This new product will not require collateral and offers immediate access to small loans to Tigo Pesa users. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[428,4585,830],"class_list":{"0":"post-66169","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-africa-news-2","7":"tag-africa","8":"tag-apo","9":"tag-news","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/66169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=66169"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/66169\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=66169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=66169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=66169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}