MOBILE MONEY MERCHANT LOAN SCHEME
Mobile Money Merchant Loan Scheme is a product designed to allow qualified mobile money agents operate efficiently without liquidity challenges. Loans will be given to registered mobile money agents in partnership with a Recognized Mobile Money Association.
Requirements :
Only Registered Mobile Money Merchants are eligible for this product.
Loans to merchants or agents shall be guaranteed by the Association.
Interest shall be paid upfront for each cycle.
Loan Protection Insurance cover.
Maximum loan limit of GHS5,000.00 for each Merchant. Each drawdown shall be a seven-day revolving facility.
Tenor of up to 1 year.
