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Growth Investment Partners (GIP) Zambia has made its fourth investment, committing ZMW 50 million (about $2.8 million) to Altus Financial Services.
Altus provides public sector employees and micro-entrepreneurs with access to credit within 24 hours of a completed application.
“Through this facility, we aim to support Altus in expanding its loan book, deepening its footprint, and reaching more underserved borrowers, particularly those often overlooked by conventional lenders,” the firm said in a statement.
Musonda Chipalo, CEO of GIP Zambia, noted the partnership reflects the firm’s commitment to increasing access to finance and supporting inclusive economic growth in Zambia.
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