An economist turned entrepreneur, she develops digital finance products to meet the needs of individuals and businesses in Zambia.

Evelyn Chilomo Kaingu, a Zambian economist with a background in financial services and technology, is the co-founder and CEO of fintech startup Lupiya. Established in 2016 by Evelyn Chilomo Kaingu and Muchu Kaingu, Lupiya aims to make financial opportunities accessible to all Zambians by simplifying the borrowing process and conditions.

The company offers three loan programs: Personal Loans, Lupiya for Business, and Lupiya for Women. The Personal Loans program provides secured loans and loans backed by a memorandum of understanding, catering to civil servants via Zambia’s integrated payroll and settlement control system (PMEC). Lupiya for Business offers secured working capital loans to help entrepreneurs expand their businesses.

Lupiya for Women serves as a growth partner for women-led small businesses. Under this initiative, women receive management training and best practices for startups, along with financial support through flexible credit facilities. This program provides a financing opportunity for women who lack the financial resources to advance economically.

Kaingu, a 2010 Economics graduate from Cavendish University Zambia, has held various roles in her career. In 2012, she joined The SPAR Group, a South African retailer, as Finance and Administration Manager. She later worked as a data specialist at the World Bank Group in 2015 before dedicating herself full-time to her startup, Lupiya.

Melchior Koba