Enabling people to achieve their full potential, through simple and clear solutions.

Who we are

Xtenda Finance Limited (Zambia) is a microfinance institution offering payroll backed loans to Government and quasi-Government employees. The company commenced business as Letshego Zambia in 2008 and changed its name to Oryx Finance Limited and was acquired by the current shareholders in December 2016. The company is regulated by the Bank of Zambia under the Banking and Financial Services Act (BFSA), 1994 and the Banking and Financial Services (Microfinance) Regulations, 2006, and operates under a Non-Deposit Taking Microfinance license. Xtenda Zambia has its head office located in Lusaka.

What we do

Xtenda Zambia is a subsidiary of Xtenda Financial Holdings Limited (XFHL) - a Mauritius-registered retail financial services group that offers a range of financial products and services to the retail market, which is often overlooked by the financial banking sector.

Financial assistance generally ranges between K1,000 and K150,000 with loan periods of between 3 and 72 months. The loan period is determined by the client and the cost of the loan is subject to current market trends, where Xtenda offers a competitive advantage to similar facilities offered by other recognised financial institutions in the market.

Preference is generally given to all Government and quasi-Gorvenment employees requesting financial assistance for children’s education, farming inputs,household goods medical and funeral expenses, home improvement, etc:

As social impact is one of the cornerstones of our business model, financial assistance is limited by a maximum monthly instalment, expressed as a percentage of the employee’s salary. This percentage is regulated by Government and ensures employee’s take home sufficient monies to provide for basic necessities. These conditions may be negotiable, but all amendments from the normal terms and conditions must carry the approval of both Government and Xtenda.