Press Statement ::: BancEasy Microfinance Launches Digital Civil Servant "Easy" Loans

[Bulls n Bears]

 <mailto:info at bulls.co.zw> Press Statement: BancEasy Microfinance Launches
Digital Civil Servant "Easy" Loans 

 

Harare-BancEasy Zimbabwe, the microfinance subsidiary of BancABC has today
unveiled its new digital civil servant loans product. The launch of the new
digital offering is another giant step in the bank's aggressive digital
transformation agenda which commenced last year. 

 

BancEasy, is a registered microfinance which was incorporated in 2012 and is
part of the ABC Zimbabwe Holdings Group. This microfinance unit offers
salary and product-based loans to individuals. With the launch of the
digital loans, civil servants will now be able to apply for loans on their
mobile phone via the *243# USSD platform in a few minutes, streamlining a
process that previously had a 24 to 48-hour turnaround time. 

 

Speaking at the launch, BancEasy MD Arthur Murahwa stated, "We are pleased
to have reached this digitization milestone which we expect to increase
convenience for the hundreds of civil servants we service. These loans are
an addition to the current list of BancEasy loans such as pay day and school
fees loans. We are also looking forward to offering our nano loans product
to all Zimbabweans in the near future." 

 

BancEasy has also unveiled its website to provide customers with information
on the its product range and useful financial tools such as a live loan
calculator that assists a borrower in calculating monthly repayments and
improves financial planning prior to borrowing. 

 

ABC Holdings CEO, Dr. Lance Mambondiani said, "The ABC Holdings Zimbabwe
Group is continuing with its drive to rapidly digitize its products and
services to increase convenience to our customers. The launch of the Digital
Civil Servant Loans by BancEasy is an example of our commitment to reduce
friction in the way customers interact with our services. The digital loan
application process will increase convenience to civil servants who
previously had to travel to our branches to initiate this process." 

 

"Several digital platforms have been launched in the past year under the
respective ABC Holdings Zimbabwe subsidiaries. These include Internet
banking, WhatsApp Banking and the A360 Mobile App launched under BancABC.
Under the ABC Stockbrokers unit, services were added to the C-Trade platform
which allows ordinary people to buy shares online. "Our objective as a Group
is to provide universal access to financial services for the convenience of
each and every Zimbabwean" stated Dr. Lance Mambondiani in his closing
remarks at the Digital Civil Servant Loans product launch. 

 

 

Invest Wisely!

 

Bulls n Bears 

 

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