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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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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