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Eshandi: How Premiercredit Has Become a Pan-African Fintech

Summary by Ocean's News
Chilufya Mutale-Mwila sold her home, her cars, and emptied her bank account to launch Premier Credit in 2019. She and her husband left Lusaka to settle in Kitwe, a Zambian mining city, and opened a small credit agency near the city's largest market. Five years later, the company renamed eShandi has more than one million customers, treats $12 million in loans a year, and just announced its expansion in Kenya, South Africa and Zimbabwe in December…
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Chilufya Mutale-Mwila sold her home, her cars, and emptied her bank account to launch Premier Credit in 2019. She and her husband left Lusaka to settle in Kitwe, a Zambian mining city, and opened a small credit agency near the city's largest market. Five years later, the company renamed eShandi has more than one million customers, treats $12 million in loans a year, and just announced its expansion in Kenya, South Africa and Zimbabwe in December…

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Ocean's News broke the news in on Monday, March 30, 2026.
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