Last Updated: October 19, 2026
By accessing and using Mkango Capital's services, you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to these terms, you should not use our services.
2.1 All loan applications are subject to approval based on our credit assessment criteria.
2.2 Mkango Capital reserves the right to approve or reject any loan application without providing reasons.
2.3 Loan approval does not guarantee disbursement. Final disbursement is subject to verification of all submitted documents and information.
2.4 The loan amount, interest rate, and repayment period are determined by Mkango Capital based on our assessment of your creditworthiness.
3.1 Borrowers must provide accurate and truthful information in all loan applications.
3.2 Borrowers are required to notify Mkango Capital immediately of any changes in employment status, contact information, or financial circumstances.
3.3 Borrowers must make timely repayments according to the agreed schedule.
3.4 Borrowers authorize Mkango Capital to verify employment and salary details directly with their employer.
4.1 Interest rates are determined based on the loan product and the borrower's credit profile.
4.2 A management fee may be deducted from the loan amount at disbursement.
4.3 Late payment fees and penalties will be applied to overdue accounts as specified in your loan agreement.
4.4 All fees and charges are clearly disclosed in the loan offer letter.
5.1 Repayments are made through direct salary deduction or other agreed payment methods.
5.2 Borrowers authorize their employer to deduct loan repayments from their salary.
5.3 Early repayment is allowed and may result in reduced interest charges.
5.4 Failure to make timely repayments may result in legal action and credit bureau reporting.
6.1 A loan is considered in default if payment is not received within 30 days of the due date.
6.2 Mkango Capital reserves the right to pursue all legal remedies to recover outstanding debts.
6.3 Default information may be shared with credit reference bureaus.
6.4 Borrowers are responsible for all costs associated with debt collection, including legal fees.
7.1 Your personal information is protected in accordance with our Privacy Policy.
7.2 We may share your information with credit reference bureaus, employers, and regulatory authorities as necessary.
7.3 You have the right to access and request correction of your personal information.
8.1 Referral rewards are subject to successful loan disbursement to the referred client.
8.2 Mkango Capital reserves the right to modify or terminate the referral program at any time.
8.3 Referral codes must not be used fraudulently or shared publicly without authorization.
9.1 You are responsible for maintaining the confidentiality of your account credentials.
9.2 You must notify us immediately of any unauthorized use of your account.
9.3 Mkango Capital is not liable for any losses resulting from unauthorized account access due to your negligence.
10.1 Mkango Capital reserves the right to modify these terms at any time.
10.2 Changes will be communicated via email or through our platform.
10.3 Continued use of our services after changes constitutes acceptance of the modified terms.
11.1 Mkango Capital is not liable for any indirect, incidental, or consequential damages.
11.2 Our liability is limited to the amount of fees paid by you in the 12 months preceding the claim.
12.1 These terms are governed by the laws of the Republic of Zambia.
12.2 Any disputes shall be resolved through the courts of Zambia.
For questions about these terms, please contact us at:
