To expand financial inclusion and extend much-needed credit to the financially underserved, Airtel Mobile Commerce Uganda Limited (Airtel Money) and Letshego Uganda have launched LetsGo Pesa digital loans. The unsecured microcredit facility that offers digital loans of between UGX20,ooo to UGX700,000 is made possible by gnuGrid CRB’s Mobile Credit Score. Launched in January this year, the gnuGrid CRB’s Mobile Credit Score, unlike the traditional and more conservative credit scoring system, relies on over 400 alternative data points, such as client mobile financial behaviour, to create a more comprehensive and inclusive credit score that assesses both the ability and willingness to…
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Letshego Uganda, a subsidiary of Letshego Holdings Limited (“Letshego Group”), has partnered with Africa’s leading insurtech Turaco Insurance Brokers Ltd (trading as Turaco), to provide affordable health insurance coverage to Letshego customers. The partnership aims to help mitigate health-related financial risks in line with Letshego’s mission of empowering the underbanked and driving financial inclusion in Africa. With a mere 1% of Ugandans currently covered by formal insurance plans, the partnership will help bridge that gap. Letshego customers will now be able to safeguard themselves and their families against unforeseen medical-related expenses. The “LetsGo Insure” insurance product will be an embedded…
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