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Author(s): Jackson Malunda.

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

Page No: 30-35

Journal: International Journal of Entrepreneurship and Business Innovation (IJEBI)

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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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