Case Study: Premier Credit achieves sub-30-minute, low-risk microloan disbursements with TurnKey Lender

Microlender Safely Issues High-risk Loans in Under Thirty Minutes

Premier Credit, a Zambian micro-lender founded in 2018, serves consumers and small businesses that traditional banks won’t touch and is rapidly expanding across Africa. To scale safely and meet regulatory and operational needs in multiple countries, Premier Credit needed a flexible, out-of-the-box lending platform for intelligent automatic credit decisioning, faster disbursements, and reduced human error—needs they addressed by choosing TurnKey Lender and its TurnKey Lender Box for PayDay Lenders.

TurnKey Lender implemented a cloud-based, end-to-end automated solution (AI-driven scorecards, automated underwriting, integrations with credit bureaus, banks and payment providers, and automated reminders) that let Premier Credit fully automate lending workflows. The result: loans issued in under thirty minutes versus competitors’ three-day cycles, elimination of corruption and human error, avoidance of bad credit through intelligent decisioning, and rapid geographic growth—Premier Credit established a solid presence in two new countries within months of launch thanks to TurnKey Lender.

Premier Credit

Chilufya Mutale

Founder and CEO