MTN Uganda takes on banks with micro-loans product
An MTN mobile money agent in Kampala. MTN Uganda has partnered with Commercial Bank of Africa (CBA) in a pact that will see customers access micro-loans through their handsets. PHOTO | FILE
Telecom operator MTN Uganda has partnered with Commercial Bank of Africa (CBA) in a pact that will see customers access micro-loans through their handsets.
Dubbed ‘MoKash’, the virtual banking platform is designed as a credit facility for the unbanked population as well as those lacking collateral and credit history and thereby locked out of the loans market.
