Accra, Nov.30, -MTN Ghana in partnership
with Afb GHANA have launched the “Qwikloan” service to provide convenience to
customers in times of need to enhance their business.
The service, dubbed, “Qwikloan”
is fast, easy, and convenient which enables customers to access loans using
their MTN mobile money platform.
Mr Eli Hini, the General Manager
of Mobile Money Limited, speaking at the event said with Qwikloan, customers do
not have to go through the hustle to provide proof of collateral in order to
access the loan.
He said Qwikloan was an instant
way to access a cash loan, at any time for any purpose from one’s Mobile phone,
saying, customers can access loan up to GH¢ 1,000.
“All you have to do is use MTN
Mobile Money wallet more frequently and also commit to repay your loans on time
in order to have access to more loans.
MTN customers simply have to dial
*170# and choose option 6 to access the Qwikloan” he said.
He said customers can have access
to this loan only if; they frequently performed the transactions on Mobile
Money by sending and receiving money, purchase airtime, pay bills among others.
According to him if one’s MTN
Mobile Money wallet activity is too low, or the customer have not used the
wallet at all, he or she may not be able to qualify for a Qwikloan.
Using a single MTN SIM for all
airtime and Mobile Money activities is very necessary with respect to the
Qwikoan, he stated.
He said to
access the loan, the customer have to be above the age of 18 ,be an MTN
customer for more than 90 days, and Simply deposit money into his or her MTN
Mobile Money wallet before the due date to repay the loan.
The loan amount would
automatically be deducted from one’s wallet.
Furthermore, he added that,
customers can only have one active Qwikloan at a time, but once the loan has
been repaid, they can apply for another loan, saying “There are limits to the
number of loans a customer can take in a day or a week so you may have to wait
for a few days before taking another loan after repaying.”
Qwikloan is a 30 day loan. At the
end of 30 days, the loan is repaid in one single amount at a fee of 6.9 per
cent and it does not need a bank account to access it.
“You can repay your loan manually
at any time, by selecting the Repay loan option on the Qwikloan menu” he said.
He said MTN would continue to
find ways to bring innovative products and services to its cherished customers
in their quest to promote a cashless economy.
He also advised customers to
safeguard their Mobile Money wallet by ensuring that they do not disclose their
pin , do not entertain calls or messages concerning their Mobile Money
accounts, and also do not give their phones for mobile money transactions to be
performed on their behalf.
This, he said would help their
fraud awareness campaign.
Mr Arnold Parker, the General
Manager Afb Ghana, expressed satisfaction at the partnership between the two
institutions.
He said the service would allow
them to scale up and offer financial inclusion to over a million of customers
in the informal sector, adding that “we trust Ghanaians and we have given them
loans, we believe that they will pay back on time.”
Mrs Clarissa Kudowor, the
Assistant Director, Payment Systems Bank of Ghana, said they have endorsed the
product but urged customers to feel free and report any dissatisfaction they
encounter as far as the service was concerned.
GNA
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