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What is Mobile-based microloan

Technology 237 days ago Participants (4)
  • Redblue
    237 days ago

    MTC Taamba loans, also known as Taamba Maris, are instant loan services offered by MTC in partnership with Letshego Micro Financial Services Namibia.                                                                                                     This mobile-based microloan platform provides short-term loans with affordable repayment terms, aiming to enhance financial inclusivity, especially for underserved communities.                                                                                                       Key Features:Loan Amounts*: N$100 to N$1,500  Repayment Terms: 7, 14, or 30 days Interest Fees: 14% for 7 days, 18% for 14 days, and 22% for 30 days  Eligibility: Namibian citizens aged 18-60 with an active MTC SIM card and Maris wallet  Application Process: Dial _140_682# to apply through your Maris wallet.                                                                                           Target Audience:Informal workers - Gig economy participants - Underbanked Namibians - Small-scale entrepreneurs - Street vendors and Kapana sellers.                                                                                 Benefits: Quick and convenient access to funds - Secure transactions through MTC's network - Automated Know Your Customer (KYC) and credit scoring systems - Tools for tracking balances and receiving payment reminders

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