Digital Lending in Zambia: The Case Study for Regulation.

Jackson Malunda

doi:10.52589/IJEBI-ZZMOCT1L

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Digital Lending in Zambia: The Case Study for Regulation.

Publication Date: 2025-05-25

DOI: 10.52589/IJEBI-ZZMOCT1L

Volume/Issue: Volume 8, Issue 2 (2025)

Page No: 30 - 35

Journal: International Journal of Entrepreneurship and Business Innovation

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Abstract:

This article explores the growth of digital lending in Zambia, its benefits, and the challenges posed by the lack of regulation. The research highlights consumer protection risks, data privacy issues, and high-interest rates associated with digital loans. Utilizing data from surveys and interviews, this study proposes a regulatory framework to enhance financial inclusion while mitigating risks. Key recommendations include interest rate caps, standardized loan disclosures, and stronger debt collection regulations.

Keywords:Digital lendingInterest rate capsDebt collectionRegulations.

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All articles are published open access under the Creative Commons Attribution 4.0 International (CC BY 4.0) licence, which permits use, sharing, adaptation, distribution, and reproduction in any medium or format, including for commercial purposes, provided appropriate credit is given to the original author(s) and source.

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Copyrights

Authors retain copyright in their articles and have unrestricted rights to reuse, republish, archive, share, and distribute their work after publication.
All articles are published open access under the Creative Commons Attribution 4.0 International (CC BY 4.0) licence, which permits use, sharing, adaptation, distribution, and reproduction in any medium or format, including for commercial purposes, provided appropriate credit is given to the original author(s) and source.