What is MTN's loan services about?

⏱ • 4 min read
  • MTN has partnered with afb Ghana, Ecobank and Absa (Formerly Barclays Bank) to offer mobile loan product to their customers.
  • The service makes it possible for unbanked customers to have the opportunity to access small credit facilities.
  • Customers can build their profile through good repayment behavior and be able to take loans with more favorable terms (credit worthiness) —borrowing more money for a longer duration and at a lower cost
  • The service is available under the MoMo USSD menu (*170#)
  • The service has been approved by the Central Bank
  • The offer is a 30-day loan service. Loan can be repaid at the end of the 30days or in installment within the 30 days
  • The loan amount varies between customers depending on their MTN Mobile Money and Airtime usage

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