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Finances businesses in Zambia

Banks and micro finance companies in Zambia offer financial services to individuals and companies. Some of the services include loans, personal banking, mortgages and insurance. Find the companies that offer these services on this site. Most commercial banks will offer personal banking facilities and loans for a mortgage and an asset such as a vehicle or home furniture. There is also a host of micro financing enterprises where individuals can raise capital to finance a small business or assets for a home improvement project. All insurance companies offer insurance for various needs such as home, education, funeral or life insurance policies for individuals.
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Ecobank Zambia image
Ecobank Zambia
Personal banking
Lusaka +6
Convenient banking solutions to help you manage and simplify your day-to-day finances. Ecobank Zambia provides you with everyday banking options designed to equip you with the right account for the life you lead. Whether you want essentials or extras, current accounts are right for every moment or discover a selection of savings accounts to help you and your family grow your money.
Phil Auto Enterprises image
Phil Auto Enterprises
Vehicle financing
Lusaka
Phil Auto Enterprises offers you a range of flexible vehicle financing options. The company has signed MOUs with LOLC Finance and ZANACO for motor vehicle financing. Their financing services accommodate a wide range of customers, including first-time buyers. Phil Auto's team is always ready to tailor the best financing option for your budget. They focus on getting you driving as soon as possible! This service is pressure-free and hassle-free; and your financing option will not alter the price of your car.
General Alliance Insurance Zambia Ltd image
General Alliance Insurance Zambia Ltd
Personal Insurance
Lusaka +3
General Alliance Insurance Zambia offers a wide selection of personal insurance products that are tailored to protect the financial interests of an individual or family. This company has helped many individuals to secure their most precious assets with competitively priced insurance products and diligent claims services.
Prudential Life Assurance Zambia image
Prudential Life Assurance Zambia
Personal life insurance
Kabwe +10
Prudential Life Zambia's range of personal life insurance products are well spread to suit the basic protection needs of every customer. Each product is designed to be able to provide the customer with protection, offering peace of mind with regards to the provision of individual protection needs.
Get a loan to help consolidate your debt, pay for education or assist with home improvements. First National Bank Zambia makes it convenient and easy to borrow the money you need to reach your financial goals with their range of loans First National Bank Zambia works with individuals and businesses.
Unexpected events happen and borrowing money is sometimes unavoidable. Gather Wealth Investment Company offers you a variety of secured personal loans at flexible and competitive interest rates in a timely manner. The company ensures that the highest standards of professional conduct are consistently reinforced and embedded in every corner of their organisation.
Are you planning on buying a house? You can get a mortgage from Gather Wealth Investment Company and become a property owner. Their team is committed to help you finance one of the most important assets in your life – your home. Get in touch and start your loan application process today.
Gather Wealth Investment Company Ltd
Business financing
Lusaka
If you need to get new equipment, finance your accounts receivable or raise your working capital, Gather Wealth Investment Company can help you with financing. The company prides itself in finding thoughtful and strategic loan products to fit each of their clients' business financing needs.
AgLeaseCo
Loans
Lusaka
Finance leasing farm equipment means AgLeaseCo purchases the assets and rents them out to you over an agreed term with monthly repayments. Whether you grow crops or breed livestock, this company could offer you anything from basic machinery financing to more specialist equipment like combine harvesters or milking machines. Get in touch and see how AgLeaseCo could help your agricultural business flourish with new, time saving equipment.
Association of Microfinance Institutions of Zambia (AMIZ) provides financial services to small businesses. The organisation goes above and beyond the services offered by banks—which have strict requirements that most small and medium-size businesses can’t reasonably meet—by operating under a more flexible business model that allows it to provide financing for transactions that would fall outside of a bank’s box. AMIZ is committed to helping its clients to increase working capital while reducing their risk so they can concentrate on building their business.
Association of Microfinance Institutions of Zambia (AMIZ) is among the largest loan servicing companies in Zambia. Their approach is process-driven and technology-based, ensuring accuracy, speed and quality. Their team is committed to creating custom solutions tailored to each client’s needs.
Solahybrid
Solar project financing
Lusaka
Are you looking for a solar energy system for your home or office on a flexible payment plan? You can get in touch with Solahybrid and find out about their various solar project financing options to suit your budget. Their solar financing team are experts in the solar energy industry and will be more than happy to help you choose the best financing package. They are committed to ensure that your financing experience is smooth and as transparent as possible.
Zambian Home Loans
Mortgages
Lusaka
Zambian Home Loans provides loans according to its customer's construction phases which include foundation, walls, roof, fixtures and fittings, and completes houses. Each time a construction phase is successfully completed, Zambian Home Loans will disburse the next part of the loan until the house is complete.
GS Cash Advance Ltd offers affordable short term loans whose repayment period ranges from three to six months. It is given to people working for companies with whom GS Cash Advance has approved as being eligible companies.
African Grey Insurance Company
Personal general insurance
Lusaka
African Grey personal insurance provides risk management that includes comprehensive coverage to protect a client's life, family and personal possessions. Whatever a client's needs are, this company will help in finding the right personal insurance solution to protect the things that are most important to them.
ExpressCredit.co.zm
Micro finance
Lusaka +12
ExpressCredit.co.zm is one of the leading micro-lending finance companies in Zambia, providing financial services and solutions targeted at business entities. The company utilises innovative technology to deliver its outstanding services, ensuring that entrepreneurs achieve their business goals.
ExpressCredit.co.zm
Loans
Lusaka +12
Fully understanding that unexpected financial events happen, ExpressCredit.co.zm offers access to loans at competitive interest rates, in a timely manner. The company has built its application process with you in mind. Their systems allow quick turnaround on your application and your money will be available within minutes.
Laurence Paul Investment Services Ltd
Personal investment
Lusaka
The Laurence Paul unit trust offers a convenient affordable and flexible way to invest with relatively higher yielding returns. The unit trust has several fund portfolios for investors to choose from depending on their individual risk profile and investment objectives. Clients can choose from income fund, equity fund and balanced fund.
Madison General Insurance Company Zambia Ltd
Personal general insurance
Lusaka
Buy your house and motor insurance online by logging onto Madison portal. https://online.madison.co.zm/ and have your documents delivered to your doorstep. Madison General deliver countrywide. Madison General provides comprehensive cover at a favorable rate for home and car insurance.
Citibank Zambia Ltd
Personal banking
Lusaka
Citibank offers clients a full range of consumer banking needs and services including savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. The bank has the expertise to make your banking experience easier and your financial goals for the future more attainable.
Indo-Zambia Bank
Loans
Lusaka
Indo-Zambia Bank provides credit products including term and home loans, for salaried employees with government or semi-government institutions, corporate and reputable business houses. Professionals such as doctors, accountants, lawyers etc. may qualify and self employed people with proven regular income.
Indo-Zambia Bank
Personal banking
Lusaka
Choose from their range of savings accounts that are tailored for different needs and lifestyles. Indo-Zambia Bank offers competitive interest rates on savings accounts. The personal banking solutions includes personal accounts, electronic banking and loans. This bank provides the right tools to help you reach your financial goals.
NATSAVE loan products includes salary based loans, group loans - should comprise at least 10 members, micro or medium enterprise loans, asset plus loan - this is an innovative facility to provide loans to micro, small and medium enterprises (MSME) for the purchase of equipment and implements they need to enhance productivity.

Finances

Banks and micro finance companies in Zambia offer financial services to individuals and companies. Some of the services include loans, personal banking, mortgages and insurance. Find the companies that offer these services on this site. Most commercial banks will offer personal banking facilities and loans for a mortgage and an asset such as a vehicle or home furniture. There is also a host of micro financing enterprises where individuals can raise capital to finance a small business or assets for a home improvement project. All insurance companies offer insurance for various needs such as home, education, funeral or life insurance policies for individuals.
Whether you need a loan for home improvements, car, house, school fees or anything else, here you’ll find who you can approach to get that loan in Zambia. Loans usually require the applicant to have collateral like a house, land or car or even a regular income. They have interest rates which vary from one organisation to the other. You can apply for a personal loan through your employer with installments dedicated directly from your salary. These personal loans are designed to help you fulfill your dreams and live life to the fullest. The provision of unsecured loans is available to formally employed individuals employed by government, state owned companies and the private sector.
Personal Banking refers to all the services like savings account operations, current account operations, and provision of personal loans. These services are offered to individuals or directly to consumers through commercial banks. Personal banking is also known as retail banking. Banks aim to satisfy the needs of a customer. All banks now offer debit cards that give you access to your cash in a safe and convenient way to conduct your day to day banking through and a wide ATM network. You can find affordable, personal loans, savings and current accounts and with online banking you can stay updated even on your mobile.
A mortgage also known as a loan is used by individuals or businesses to purchase property for sale or previously owned by another person. This loan is secured on the borrower’s property and is paid back with interest. If you're going to be responsible for paying a mortgage for the next 30 years, you should know exactly what a mortgage is. Most commercial banks have facilities to provide a mortgage which has three basic parts: a down payment, monthly payments and fees. The fees are all the costs you have to pay up front to get the loan. Building societies also provide mortgages.
Personal accident insurance is designed to compensate for income loss as a result of an accident or injury. Find companies here where you can get this kind of insurance.
Loans and financial services in Zambia are for low-income individuals or those who do not have access to typical banking services. Micro finance services in Zambia can include savings, insurance, fund transfers as well as credit facilities. Micro finance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery of financial services to such clients are: relationship-based banking for individual entrepreneurs and small businesses; and group-based models, where several entrepreneurs come together to apply for loans and other services as a group. There is a multitude of micro finance companies operating in Zambia. They are listed here.
Insurance is designed to protect the well-being of an individual, company or entity in case of unexpected loss. Some forms of insurance are required by law while others are optional. There are different types of insurance cover services offered in Zambia, including car insurance, health insurance, disability insurance, homeowners insurance and many more. You will find a host of insurance companies and insurance brokers that operate in Zambia here. For personal insurance these are some of the services they provide; funeral, life, motor, personal liability, household content, house owners, travel and personal accident insurance. Find the insurance package that best suits your needs.

The financial services sector provides financial services to people and corporations. This segment of the economy is made up of a variety of financial firms including banks, investment houses, lenders, finance companies, real estate brokers, and insurance companies. As noted above, the financial services industry is probably the most important sector of the economy, leading the world in terms of earnings and equity market capitalization. Large conglomerates dominate this sector, but it also includes a diverse range of smaller companies.

Business financing

In order to expand your business, you might need access to capital through financing. However, finding the right funding model is vitally important. This is because if you get from wrong sources, you may lose part of your company or find yourself locked into repayment terms that impair your growth for many years into the future.

Before sourcing finance, you must first:

  • Determine how much finance you will need
  • Develop a sound business plan
  • Consider the time frame you will need to repay the loan
  • Determine your capacity to repay the loan

Types of finance

There are two main types of finance which include:

Debt finance – money borrowed from external lenders, such as a bank, or micro financing institution.

Equity finance – investing your own money, or funds from other stakeholders, in exchange for partial ownership.

Sources of finances

  • Financial institutions – Micro financing institutions, banks, credit unions and building societies. It can be provided as loans, overdrafts and lines of credit.
  • Finance companies – most finance companies offer finance products via a retailer.
  • Retailers – Purchase of goods for your business through store credit via a finance company. This can attract high interest rates; however, some retailers offer an interest free period.
  • Suppliers – trade credit allows you to delay payment for goods.
  • Factor companies – also referred to as debtor’s finance. Factoring is when a business sells its accounts receivable (invoices) to a third party (called a factor) so that it can receive cash without waiting the 30 or 60 days for customer payment. Customers pay their invoice directly to the factor company. The cost for providing this service will vary between companies and it is important for you to research these costs before entering into any agreement.
  • Invoice finance – essentially the same as factoring, however invoices are paid to your business and customers are not aware of your arrangements with the financier.
  • Peer-to-peer lenders - matches people who have money to invest with people looking for a loan. Loans may need to be repaid within a certain time period and interest rates may vary according to the level of risk.
  • Family or friends – may offer you money as a loan. To avoid misunderstanding it is important to have a formal written agreement specifying the terms of the loan, repayment requirements and terms of interest. Seek legal advice to draw up the loan agreement.