Letshego Kenya Limited has teamed up with Creditinfo Kenya to introduce LetsGo Cash, a self-service short-term loan product that provides customers with easy access to emergency funds ranging from KES 1,000 up to KES 100,000. The product is specifically aimed at individuals who require immediate funds for medical needs, home repairs, family emergencies, car breakdowns, or support for small businesses and entrepreneurs.
How to access LetsGo Cash
LetsGo Cash is accessible through Letshego’s LetsGo Digital Mall, Android and Apple Play Store, or USSD *435# on a mobile phone. With a 30-day repayment period, customers can apply for the loan and receive funds within minutes. This service is designed to be a quick and hassle-free option for those in need, with more affordable interest rates than traditional short-term cash advance providers.
The partnership with Creditinfo Kenya has allowed Letshego to benefit from their expertise in credit risk management. This service not only helps customers in need of immediate funds, but it also helps underserved customers build their credit records, increasing their chances of accessing financial products in the future.
According to the CEO of Letshego Kenya Adam Kasaine, LetsGo Cash is a prime example of inclusive finance, providing more Kenyans with access to financial products. Customers can use the service to build their credit record, and by managing their loans responsibly, they can access more funds in the future.
To access LetsGo Cash, customers simply need to submit their application via their mobile phones, and the time to cash can be as short as a few minutes. Once approved, the loan is disbursed directly into the customer’s mobile wallet, allowing them to use the funds for various purposes, including purchasing prepaid electricity and water, paying bills, or sending money to friends and family.