ORANGE BOTSWANA LAUNCHES “N’STAKOLLE” MOBILE LOANS
Orange Money launches N’stakolle mobile micro loans advancing financial inclusion for its customers in Botswana.
Orange Money N’stakolle Loan: first in the market to be launched by Botswana’s leading mobile money operator.
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 P1 200. This offering was developed to better serve customers needs and provide a convenient, reliable and safe micro loan services available in mobile phones.
With N’stakolle customers can apply for instant loans ranging from 7.5% to 12.5%. The loan tenure ranges between 3 days and 30 days on the loan tenure. To be eligible for the N’stakolle Loan, customers should fulfil the below listed requirements:
- Have an active Orange Money account
- Be active on Orange Money service for the last 6 months
- Be aged 18 years and above
- Eligibility also depends on monthly transactions done by the customer including:
- Cash-In transactions
- Money transfers
- Bill payments amongst others
Customers can go through the Orange Money Menu to check if they qualify for the loan.
