Lendsqr launches offline lending in Namibia

Lendsqr, which offers a digital lending software, has launched its offline lending version in Namibia.

The feature allows lenders to extend credit to customers without needing smartphones, internet access, or basic digital literacy.

Lendsqr chief executive Adedeji Olowe says lenders face a tough choice of either embracing digital systems and excluding thousands of potential borrowers, or rely on slow, manual processes that limit growth.

“Digital lending isn’t truly inclusive if it depends on data or smartphones. Now, lenders at places like Oshakati or Katima Mulilo can offer loans just as efficiently as those in Windhoek, all through one platform,” Olowe says.

With this capability, loan officers or agents can use the Lendsqr LMS to book loans on behalf of customers whether the engagement happens in person, over the phone, or through a basic device.

Lendsqr handles loan processing, credit scoring, and recordkeeping meaning a customer never needs to be online, but will still get fast, secure access to credit.

“While digital lending is growing in Namibia, connectivity gaps and low digital adoption remain a challenge especially in informal markets and rural regions. Lendsqr’s offline loan feature gives lenders a direct path to these segments, without reverting to paperwork or compromising on speed and transparency,” says Olowe.

Lendsqr is a global lending-as-a-service company, powering digital credit for banks, fintechs, cooperatives, and non-profits with operations in Rwanda, Nigeria, the United Kingdom, the United States, and the Caribbean.

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