Raphael Michilis
UK-based and Africa-focused
startup Lendme has kick-started its mobile airtime loan service in Zimbabwe
The platform permits subscribers to borrow credit worth up to $ 20 to top up their pay-as-you-go mobile account. Lendme promises not to charge users if the loan is paid back within seven days, and subscribers will not need to commit to a contract.
“We don’t charge you a
single cent! Just register, there are no strings attached,” the company says on
its website.
The mobile credit can be
paid back using a Lendme e-voucher, sold at over 500 merchants in Zimbabwe
Lendme also plans to
extend the offer of its e-voucher to lend money, so subscribers can borrow up
to $ 100 to make payments on e-commerce.
Prior to the launch Lendme
carried a user acceptance testing (beta testing) and Facebook campaign that
distributed top-ups worth $10 to $ 50 to those who referred new
subscribers.
“We recognise the inherent
burdens airtime pre-payment inflicts on consumers hence, we have launched
Lendme Airtime in Zimbabwe
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