Lendsqr introduces line of credit feature to give Tanzanians flexible access to credit

October 28, 2025 | Dar es Salaam, Tanzania – Lendsqr, the global Lending-as-a-Service (LaaS) platform helping lenders build and manage digital credit operations, has introduced a new Line of Credit feature for lenders in Tanzania. The feature allows lenders to offer their customers flexible access to funds, enabling borrowers to draw, repay, and borrow again within a set credit limit.

Traditional loans often come as one-off disbursements that do not always meet customers’ changing financial needs. The Line of Credit feature brings a new level of flexibility to digital lending in Tanzania, giving borrowers continuous access to funds when they need them most without having to reapply for a new loan each time.

“Borrowers’ needs evolve, and lenders should be able to meet them with solutions that are just as dynamic,” said Adedeji Olowe, CEO of Lendsqr. “With our new Line of Credit feature, lenders in Tanzania can offer a more personalized and responsive credit experience that drives loyalty and financial inclusion.”

The Line of Credit can be set up directly from the Lendsqr admin console. It is fully configurable, allowing lenders to define limits, interest rates, repayment rules, and other parameters to fit their products and customer profiles. This flexibility ensures that institutions of all sizes (microfinance lenders, SACCOs, fintechs, and banks) can quickly roll out revolving credit products suited to their market.

Why this matters for lenders in Tanzania

Access to adaptable credit products remains limited across Tanzania, even as demand for short-term and repeat borrowing continues to grow. By equipping lenders with this new feature, Lendsqr is helping them stay competitive, deepen customer engagement, and support more Tanzanians with credit that fits their lives.

About Lendsqr

Lendsqr is a global Lending-as-a-Service (Laa) company working with financial institutions of all sizes to move their lending operations online. With scalable, API-driven technology, Lendsqr combines solid technical know-how with a clear understanding of how lending really works in emerging markets. The result is that lenders can deliver credit more efficiently and reach more people who would otherwise be left out.

The platform gives lenders multiple ways to connect with borrowers, whether through mobile apps on Android and iOS, web applications, or APIs that link directly with partners like credit bureaus, payment providers, and KYC services. This flexibility makes it easier to serve both connected urban borrowers and customers in communities where internet access is limited.

At the center of the platform is a decision engine that blends bureau data with customizable scoring models to help lenders manage risk and make better credit decisions. Lenders can set up different types of loan products, from personal loans to SME financing with options for equity contributions, guarantors, and even manual bookings for borrowers without internet access.

Lenders in Tanzania can activate the new Line of Credit feature directly from their Lendsqr dashboard or sign up at lendsqr.com to get started.For more inquiries, contact [email protected].