In its bid to promote financial inclusion in the country telecom giant, MTN Ghana, has launched a 30-day loan facility dubbed: Qwikloan.

The initiative in collaboration with afb Ghana is uniquely designed to help customers access capital to enhance their businesses.

Speaking at the launch, the General Manager for MTN Mobile Financial Services, Eli Hini said the introduction of Qwikloan is to meet their customers at the point of their needs.

He indicated that, with this new product, customers don’t have to go through the hustle to provide proof of collateral in order to access the loan.

Mr Hini noted that customers can access up to ¢1,000 by just using their MTN Mobile Money and airtime more frequently and also commit to repay their loans on time. 

“Everyone needs to solve a need in life at a point in life, sometimes it is very difficult getting financial assistance from family and friends to solve that need.

"Aside from this, there are times where you may be stranded in town or while on a journey due to a shortage of money. Qwikloan is here to solve those needs”, the MTN Mobile Money General Manager said.

Mr Hini stressed MTN’s resolve is to continue to find ways of bringing innovative products and services to their customers in order to promote a cashless economy and to serve  “all of us especially, the unbanked population”.