{"id":34129,"date":"2023-09-09T20:14:46","date_gmt":"2023-09-09T20:14:46","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=34129"},"modified":"2023-09-09T19:23:36","modified_gmt":"2023-09-09T19:23:36","slug":"nstakolle-exceeds-p1-5m-loans-issued","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued","title":{"rendered":"Nstakolle exceeds P1.5m loans issued"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>The N\u2019stakolle Loan product has proved to be a market favorite as more than 1.5 million loans have been issued in 7 months since launch.<\/b><\/p>\n<p>Briefing the media Wednesday in Gaborone, Mr Seabelo Pilane said Orange Money N\u2019stakolle Loan was launched in November 2022 through a partnership between Orange Money Botswana and Access Bank Botswana.<\/p>\n<p>Mr Pilane said the partnership was purposed to offer Orange Money registered customers access to affordable real time loans (nano loans).<\/p>\n<p>\u201cThis incredible milestone shows that the Orange Money N\u2019stakolle product met and addressed a market opportunity and a high demand for low cost-low value loans; a reality which also influenced the most recent decision to increase limits and the number of eligible customers who qualify for loans,\u201d he said.<\/p>\n<p>He said expanding financial inclusion was the core of Orange Money\u2019s mission, an ambition which was reflected in the motto \u2018Orange Money&#8230;All Day, Every Day\u2019 which signified how the company continuously work to provide real world solutions that aimed to meet key needs around our customers\u2019 daily lives.<\/p>\n<p>Mr Pilane said they believed that having the right strategic partners as they did in Access Bank Botswana was critical; the ability of the teams to work tirelessly to introduce Botswana\u2019s first low cost, real time nano loan and have it become a success was truly inspiring and humbling.<\/p>\n<p>He said N\u2019stakolle loans were initially introduced with loan amounts ranging from P50 to P1 200, citing that following increased demand from customers the thresholds were changed to start from P20 minimum up to a maximum of P2 000.<\/p>\n<p>\u201cTo access the loan, customers dial the Orange Money short code (*145#) and follow prompts, similarly repayment of the loan can be done through the Orange Money platform. Interest on loans range from 7.5% and 12.5% depending on the tenure of the loan which each customer chooses, the options for which are 3, 7, 14, 21 and 30 days,\u201d he said.<\/p>\n<p>Mr Pilane said Orange Money was devoted to contributing to the growth and advancement of Botswana mobile financial services landscape.<\/p>\n<p>\u201cOur primary goal was to empower Batswana, allowing them to actively participate in the financial ecosystem with sense of pride and dignity,\u201d he said.<\/p>\n<p>Mr Pilane said they firmly believed that providing access to N\u2019stakolle loans played a pivotal role in achieving this mission. He reiterated that the simplicity and transparency of N\u2019stakolle loan enabled customers to have the freedom of choice to meet their financial needs promptly.<\/p>\n<p>By leveraging N\u2019stakolle loan\u2019s real-time processing, customers were spared the need to wait in queues or endure time-consuming application processes, he concluded.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. The N\u2019stakolle Loan product has proved to be a market favorite as more than 1.5 million loans have been issued in 7 months since launch. Briefing the media Wednesday in Gaborone, Mr Seabelo Pilane said Orange Money N\u2019stakolle Loan was launched in November 2022 through a partnership between Orange Money Botswana and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":34127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-34129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nstakolle exceeds P1.5m loans issued - Botswana<\/title>\n<meta name=\"description\" content=\"The N\u2019stakolle Loan product has proved to be a market favorite as more than 1.5 million loans have been issued in 7 m ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nstakolle exceeds P1.5m loans issued\" \/>\n<meta property=\"og:description\" content=\"The N\u2019stakolle Loan product has proved to be a market favorite as more than 1.5 million loans have been issued in 7 m ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-09T20:14:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/09\/sm_1694274720.77402.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nstakolle exceeds P1.5m loans issued\",\"datePublished\":\"2023-09-09T20:14:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued\"},\"wordCount\":448,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/09\/sm_1694274720.77402.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nstakolle-exceeds-p1-5m-loans-issued\",\"name\":\"Nstakolle exceeds P1.5m loans issued - 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