Letshego Kenya Limited, a subsidiary of Letshego Holdings Limited, has joined hands with Creditinfo Kenya to unveil LetsGo Cash.
The innovative product is a self-service and short-term instant loan that enables customers to access KES 1,000 up to KES 100,000 within minutes.
This service is geared towards individuals who require emergency funds, such as medical needs, home repairs, family emergencies, car breakdowns, or support for small businesses and entrepreneurs.
With a 30-day repayment period, LetsGo Cash is a quick and hassle-free option for those in need. The service is more affordable than traditional short-term cash advance providers, making it a game-changer in the market.
LetsGo Cash is easily accessible through Letshego’s LetsGo Digital Mall or via Android and Apple Play Store. Customers can also access it through USSD *435# on their mobile phone.
According to Letshego Kenya’s CEO, Adam Kasaine, LetsGo Cash is an example of inclusive finance that increases access to financial products for more Kenyans.
The partnership with Creditinfo Kenya has enabled Letshego to leverage their expertise in credit risk management.
Creditinfo Kenya’s Regional Manager for East Africa, Kamau Kunyiha said that the service also helps underserved customers build their credit records, thereby increasing their chances of accessing financial products in the future.
The service helps customers build their credit record, and the better they manage their loans, the more funds they can access in the future.
How To Access LetsGo Cash
Customers’ applications are submitted with a few swipes on their mobile phones, and the time to cash can be as short as a few minutes.
LetsGo Cash is accessible to all, including first-time borrowers, and provides an opportunity to build a credit record.
Customers can access the service through the LetsGo Digital Mall, Android and Apple Play Store, or USSD *435# on their mobile phones.
Once approved, LetsGo Cash is disbursed directly into the customer’s mobile wallet, and customers can use the funds as they please, including purchasing prepaid electricity and water, paying bills, or sending money to friends and family.