What is MTN's loan services about?

• 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