STAFF WRITER
MOBILE Telecommunications Corporation (MTC) Maris, in partnership with Letshego Micro Financial Services Namibia (LMFSN) on Thursday launched an instant loan service product called Taamba Maris.
The product is aimed at deepening financial access and empowering communities through mobile technology.
Taamba Maris is an instant loan service that offers short-term loans with affordable different repayment terms. It allows clients access to low value lends; and is designed to enhance financial inclusivity.
General Manager for MTC Maris, Kayembe Ilunga emphasized the broader vision behind the product:.
“Today marks a significant milestone in our journey toward financial inclusion and digital empowerment. This product is more than just a technological innovation; it is a bridge to opportunity, a tool for empowerment, and a symbol of our shared commitment to making financial services accessible to all, especially to those in underserved and remote communities. We are here to serve the unbanked and underbanked population who feel and are excluded” he said.
Ilunga said the product is accessible by all customers with active MTC Maris wallets. Maris has over 470k registered customers.
All MTC Maris customers who have the transaction record stipulated in terms and conditions can qualify for the product. This solution offers users a quick and convenient way to access instant funds when they need them most. To apply, simply dial *140*682# to go on your Maris wallet, select “instant loan”, and follow the easy prompts to complete your application. With just a few clicks, qualifying customers can receive the support they need instantly.”
Letshego’s Chief Executive Officer for LMFSN, Melvin Angula, said the instant loan service is safe ans secure and was benchmarked with other service providers in the world.
“To qualify, applicants must be Namibian citizens aged between 18 and 60, have an active fully KYC’d MTC SIM card for over three months, and possess a valid MTC Maris Wallet. Loan amounts range from a minimum of N$100 to a maximum of N$1500, with interest fees charged once-off depending on the loan term14% for 7 days, 18% for 14 days, and 22% for 30 days. Eligibility is also subject to affordability and credit assessments, ensuring responsible lending and financial sustainability. This innovative solution will include an automated process of digital Know Your Customers (KYC) and credit scoring with the regulatory framework provided by NAMFISA’s sandbox environment,” he said.
Chairperson of Maris Board, Jerome Namaseb said Tamba Maris is a real-time solution to real challenges.
“This launch is not just a milestone, it’s a movement. When we first discussed the idea (Taamba Maris), it wasn’t just about launching a product, it was about solving a real challenge,” he said.
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