eShandi Expands Its Financial Solutions To South Africa
eShandi Expands Its Financial Solutions To South Africa. eShandi is spreading its wings! eShandi is excited to bring its financial solutions to South Africa, ensuring more people have access to the tools they need to thrive!
eShandi has proudly announced that it has received a lending license from the National Credit Regulator (NCR), South Africa. This new license empowers eShandi to provide affordable and accessible loan services to underserved communities across South Africa, furthering its mission to promote financial inclusion.
The lending license enables eShandi to offer flexible, low-interest loans, catering to individuals and small businesses traditionally excluded from conventional financial services. This will allow customers to meet urgent financial needs, invest in growth opportunities, and improve their financial well-being.
“We can now offer tailored loan products designed specifically for the needs of the disadvantaged income groups. This is a significant milestone for eShandi as we expand our impact across South Africa, offering solutions that empower people to take control of their financial futures,” said Michael Adamson, CEO of eShandi South Africa.
eShandi’s loan services will be available alongside its existing suite of financial solutions, including earned wage access, digital wallets, and value-added services. Customers will benefit from:
- Flexible repayment terms; tailored loan options to suit individual circumstances.
- Affordable interest rates; keeping borrowing costs low to reduce financial strain.
- Quick application process; simplified loan applications via eShandi’s digital platforms, allowing for swift access to funds.
eShandi’s entry into lending is part of its broader goal to democratize access to financial services in South Africa and across the African continent. The company’s data-driven approach, leveraging AI and machine learning for credit assessments, ensures responsible lending while offering fair opportunities to those who need it most.
“We believe that access to affordable credit is a key factor in improving financial health. This addition to our product suite allows us to continue building a financial system that serves everyone, especially those who have historically been left behind,” added Mr. Adamson.
