Fido introduces E-Loans for Mobile Money Agents

Fido, Africa’s leading online financial services company, is stepping up to help Mobile Money Agents.

Ghana.

Introducing ¢5000 e-loans, Fido aims to solve the eCash flow struggles these merchants.

often face.

Licensed by the Bank of Ghana and certified by the Data Protection Commission.

of Ghana, Fido has already given out three million loans to more than half a.

million customers.

Named “Dream Big: One Loan at a Time,” this new service is designed.

to give MoMo agents a helping hand in managing their daily eCash struggle.

Instead of constantly juggling their eCash reserves, they can now focus on what.

matters most – their customers and growing their business.

Solomon Agbemenya, Head of Business Development at Fido, shared, “With Ghana becoming one.

of the fastest-growing mobile money markets in Africa, we at FIDO recognise the vital role.

mobile money agents play and the difficulties they’ve had in obtaining financial support from financial.

institutions.

“As a company, we see the need to cushion them up with a.

loan that is convenient and easily accessible to keep them in business”.

With a loan from Fido, MoMo agents can get eCash directly in their.

wallets once approved, in about 30 minutes.

Everything’s clear upfront – the costs are explained during the application and when.

the money is sent.

Fido’s Momo Loan Application lets agents sign up and request up to ¢1,500.

the first time, and up to ¢5000 later on.