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.

International Journal of Entrepreneurship and Business Innovation

Vol. 8Issue 22025pp. 30–35Published 25 May 2025

DOI 10.52589/IJEBI-ZZMOCT1L

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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 lending Interest rate caps Debt collection Regulations.

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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.