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Stanbic launches Toro loan

Supportive: Motshegare says the bank's vision is to create value for its clients and communities by providing access to digital financial services
Supportive: Motshegare says the bank's vision is to create value for its clients and communities by providing access to digital financial services

Stanbic Bank Botswana has launched a digital lending solution which allows its salaried customers to apply online for loans, within pre-approved credit limits, and receive the funds immediately.

In a statement last Tuesday, bank officials said the innovation, known as Toro Loan, was a first for Botswana and part of moving towards a more digitised future as banking trends and customer needs demand greater agility and innovation.

Digital lending works the same way as a traditional lending approach, but with more convenience, the officials said.

Editor's Comment
A collective responsibility to end FMD spread

As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...

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