Myloan Limited has chosen Musoni System as their core banking system. This is our very first customer in Lesotho! Established in 2018, Myloan delivers financial products that meet the needs of the underbanked and under-serviced population.
Adopting the Musoni core banking system will help them grow their business by giving their customers instant borrowing power. On top of that, they will be able to support the small business community with a simplified borrowing experience. Our core banking system will enable them to leverage Musoni’s open APIs for third-party integrations, and the Digital Field Application for their field operations.
Myloan Limited is an award-winning company having won the Diamond Arrow award in 2020 and 2021 at the PMR and Africa Business Excellence Awards. On top of that, they are rated as the best microfinance institution contributing to economic empowerment in Lesotho.
Tjale Maila, Managing Director MyLoan Limited, said; “The microfinance landscape in Lesotho has undergone many changes in recent years. Working with a company whose team has first-hand experience in running a microfinance institution and who understands the importance of open APIs, is everything we could have hoped for. I look forward to a fruitful relationship with the Musoni System team.”
Emily Njambi, Musoni’s Business Development Manager, said; “It is a delight to work with Myloan Limited, our first client in Lesotho. They have shown great progress in offering reliable microfinance services, and our award-winning core banking system will help them enhance their service offerings. Being a part of their digital transformation journey is a great honour for us.”
About Myloan Limited; Myloan is a Credit Only tier-II Microfinance Institution regulated by the central bank of Lesotho. Their intent is to deliver financial services that meet the financial needs of the underbanked and under-serviced market in Lesotho.
Visit Myloan Limited at https://myloan.co.ls/
About Musoni; Musoni is the leading digitalisation partner for microfinance institutions around the world. We help organisations improve their efficiency and extend their outreach through a variety of fintech solutions. These include a cloud banking system, digital field application, mobile payments module, and client banking app. We have over a decade of experience and now support 75 organisations in 22 different countries. We take pride in our hands-on and personalised approach, with local teams in the Netherlands, Kenya, and Myanmar.
Visit Musoni at https://musonisystem.com