Lefa Cash Loans

In the heart of Orlando West, a quiet revolution is unfolding at Lefa Cash Loans. Far from the image of quick cash, this micro-lender, led by Lefa Tsoloane, is building responsible financial relationships with its community, demonstrating how trust and technology can empower the unbanked. Since 2015, Lefa Cash Loans has specialized in providing micro-loans to SASSA beneficiaries and pensioners, a demographic routinely overlooked by traditional banks.

Serving this “unbanked” market comes with unique challenges: limited or no credit history, irregular income streams, and high default risk. “We were spending more time checking files than helping customers,” recalls Lefa Tsoloane, highlighting the cumbersome nature of paper contracts and manual reconciliations that once hindered her business’s growth.

Tech That Speaks Mzansi: The NuPay DebiCheck Advantage

The game-changer arrived with Altron FinTech’s NuPay DebiCheck – a cloud-based platform that streamlines the entire debit order process from creation and authentication to collection. Now, when a client signs a loan agreement, their bank sends an SMS to authorize the mandate. From the following month, the instalment runs automatically, with real-time confirmation before any money moves.

This integration has brought significant benefits:

• Trust Built In: Every debit is authenticated by the client’s own bank, drastically reducing “I-never-authorised” disputes and fostering greater client confidence.
• Speed for Days: Loan origination, ITC checks, affordability calculations, and contract generation now happen in minutes, not hours, accelerating service delivery.
• Compliance on Autopilot: Interest, initiation, and service fees are automatically calculated against NCR caps, and critical documents like Form-20 and affordability statements print themselves, ensuring seamless compliance.

The result for Lefa Cash Loans is clear: more loans processed during business hours and the elimination of late-night spreadsheet headaches.

Counting the Wins: Before & After NuPay DebiCheck

Financial Inclusion, Real Impact

Beyond operational efficiencies, NuPay DebiCheck is driving genuine social and economic impact:

• Dignity for Borrowers: Clients approve repayments on their own phones, reinforcing consent and control over their finances.
• Safer Streets: The reduction in bulk cash handling and fewer trips to tellers contribute to a safer community.
• Bigger Ripple: With administrative burdens lifted, Lefa’s team can dedicate more time to vital financial literacy discussions, helping clients stretch every rand.

Lefa Tsoloane affirms, “NuPay is helping me with a lot of things… debiting, creating loans, checking people, doing an ITC. It makes my business run smoothly because everything is recorded in the system.”

What It Means for Kasi Traders

NuPay DebiCheck is not just for large enterprises; it’s designed and priced for township entrepreneurs, including spaza-finance counters, funeral policy providers, and airtime vendors. It offers:

• Guaranteed collections without chasing.
• Less paperwork, more hustle time.
• Bank-grade security their customers can believe in.

If Lefa Cash Loans can digitize Soweto credit one pensioner at a time, the potential for seamless debit orders to transform cash cycles across township businesses is immense.

Ready to Step Up?

Don’t get left behind – Walala Wasala! Unlock township growth with technology that speaks your language.

Call +27 10 060 4444 or visit  https://eu1.hubs.ly/H0lHBJ_0 to book a demo.