Lime Loans SA

Lime Loans SA

December 26, 2021

South African company Lime Loans South Africa (Lime Loans SA) belongs to the Russian group Lime Credit Group that was established in 2013 as a microfinance institution certified by the Russian Central Bank. The Group provides loans under the trademark Lime also in Poland and Mexico. Lime Loans SA was established in 2015; it has 10 employees and is seated in Johannesburg. The company provides short-term consumer loans with repayment terms ranging from 5 to 35 days (payday loans) and the principal amount between €20-300. The company is planning to expand its product portfolio and also launched instalment loans at the end of 2019. The company uses a sophisticated automated system that assesses data from several external sources and combines them with verified data from clients’ applications and bank statements. In 2018, Lime Loans SA provided more than 22 thousand loans in the total amount of EUR 2.5 million. The company is growing fast; since the beginning of 2019 until the end of May, it provided over 19 thousand loans in the total amount of EUR 2 million.

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