Pricilla Mukokobi
Matheus David
Mobile Telecommunication Company (MTC) Maris, in collaboration with Letshego Micro Financial Services Namibia (LMFSN), yesterday launched its instant loan service product, ‘Taamba Maris’, aimed at deepening financial access and empowering communities through mobile technology.
MTC Maris, derived from the Khoekhoegowab word for ‘money’, aims to revolutionise access to financial services in Namibia with its slogan ‘Move with your Money’.
The platform provides a safe, simple and cost-free solution for customers to deposit and withdraw money via a network of resellers, retail outlets and agents – all without monthly or usage fees.
Taamba Maris is an instant loan service that offers short-term loans with affordable repayment terms.
It allows clients access to low-value loans.
It is designed to enhance financial inclusivity.
Letshego’s CEO for LMFSN Melvin Angula said that to qualify, applicants must be Namibian citizens aged between 18 and 60, have an active fully KYC’d MTC SIM card for over three months and possess a valid MTC Maris Wallet.
“Loan amounts range from a minimum of N$100 to a maximum of N$1500, with interest fees charged once-off depending on the loan term – 14% for seven days, 18% for 14 days, and 22% for 30 days. Eligibility is also subject to affordability and credit assessments, ensuring responsible lending and financial sustainability. This innovative solution will include an automated process of digital Know Your Customers (KYC) and credit scoring with the regulatory framework provided by Namfisa’s sandbox environment,” he said.
General manager for MTC Maris Kayembe Ilunga stressed the broader vision behind the product.
“Today marks a significant milestone in our journey toward financial inclusion and digital empowerment. This product is more than just a technological innovation. It is a bridge to opportunity, a tool for empowerment and a symbol of our shared commitment to making financial services accessible to all, especially to those in underserved and remote communities. We are here to serve the unbanked and underbanked population who feel and are excluded,” he added.
Ilunga said it is accessible to all customers with active MTC Maris wallets. Maris has over 470 thousand registered customers.
All MTC Maris customers who have a transaction record stipulated in the terms and conditions can qualify for the product.
This solution offers users a quick and convenient way to access instant funds when they need them most.
To apply, simply dial *140*682# to go to your Maris wallet, select ‘instant loan’, and follow the easy prompts to complete your application.
With just a few clicks, qualifying customers can receive the support they need instantly.
– pmukokobi@nepc.com.na