Letshego Kenya Limited, a subsidiary of Letshego Holdings Limited, has partnered with Creditinfo Kenya to launch LetsGo Cash, a self-service and short-term instant loan product. The loan offers customers access to KES 1,000 up to KES 100,000 and is payable in 30 days. The product is targeted towards consumers who require quick and easy access to funds for emergency purposes, including family emergencies, medical needs, home repairs, car breakdowns, or funds to support entrepreneurs and small businesses.
Creditinfo Kenya’s team has contributed decades of experience and practical knowledge in credit risk management to support the delivery of LetsGo Cash. The innovative loan is a potential game-changer as it is accessible anytime, anywhere, and is more competitive than traditional short-term cash advance providers. This enables customers with immediate financial relief and the opportunity to participate in the digital economy in a sustainable and responsible manner.
Adam Kasaine, Letshego Kenya’s Chief Executive Officer, said, “LetsGo Cash is another way we are increasing access to product funds for more Kenyans. This is inclusive finance in action – it’s quick and hassle-free cash at a competitive price, accessible via your phone or web.”
Creditinfo’s Regional Manager for East Africa, Kamau Kunyiha, added, “Creditinfo is proud to support LetsGo Cash to assist customers who need quick and easy access to emergency funds the most, while also helping the underserved to build their own credit scores at the same time.”
LetsGo Cash provides a convenient, safe, and affordable financial service to the underserved and informal sector players. It also helps customers build their credit record, ensuring that more people can access the service, including first-time borrowers who can now enjoy the benefits of a secure, regulated lending solution.
The money is disbursed directly into the customer’s mobile wallet, and it can then be used as the customer desires, including for emergencies such as purchasing prepaid electricity and water, paying bills, or sending money to friends and family. The LetsGo Cash loan can be accessed via Letshego’s LetsGo Digital Mall, downloadable via Android and Apple Play Store, or with one click by clicking on www.letsgo.letshego.com, as well as via the USSD *435# on their mobile phone.