Basic Profile

Name: Altus Financial Services Limited

Country: Zambia

Sector: Non-bank financial institution

Primary Activity: Provides short- to medium-term financing to individuals and small & medium enterprises (SMEs)

Founded: 2016

Regulatory Oversight: Registered and supervised by the Bank of Zambia

Services & Products

Altus offers a range of lending and financing products for both individuals and businesses:

Invoice discounting – advances against unpaid invoices to ease cash flow.

Order financing – helps clients fulfill large purchase orders.

Working capital loans – short-term funding for operational needs.

Personal loans – including payroll/salary advances for employees of partner firms, and non-payroll loans for the self-employed.

The company emphasizes quick turnaround times, flexible repayment terms, and alternative approaches to credit assessment.

Target Market

SMEs in sectors such as agriculture, construction, tourism, and manufacturing.

Suppliers and contractors working with larger corporates.

Individuals in both formal and informal employment.

Location & Contact

Head Office Address: Mpile Office Park, 74 Independence Avenue, Lusaka, Zambia

Phone: +260 211 256 366

Email: info@altus.co.zm

Business Hours: Monday to Friday, 08:00 to 17:00

Corporate Notes

Wholly Zambian-owned company.

Employee size estimated between 100–200.

Recognized as part of Zambia’s network of licensed non-bank financial institutions.

Member of the SME Finance Forum, engaging in regional and international finance networks.

Strengths & Challenges

Strengths

Focus on underserved SMEs and individuals.

Flexible lending products tailored to business cash flow.

Regulated by the Bank of Zambia, providing legitimacy.

Challenges

Higher credit risk typical in SME and individual lending.

Need for stable funding and liquidity.

Growing competition from other microfinance and fintech firms.

Regulatory compliance obligations.

Limited public transparency of financial performance.