MTN Ghana in collaboration with afb Ghana has taken another judicious step by introducing a unique product called: “Qwikloan” unto the Ghanaian market.

This an innovative product is the first of its kind in Ghana; and it has been uniquely designed to help customers enhance their businesses.

Speaking at the launching ceremony of the Qwikloan service in Accra, the General Manager for MTN Mobile Financial Services, Mr. Eli Hini, noted that Qwikloan is a 30 –day loan. And at the end of 30 days the loan is repaid in single amount.

According to him, the Qwikloan is available on MTN’s Mobile Money Platform and been piloted among selected staff and customers.
We have received positive feedback where users have attested to how, easy and convenient it is to access Qwikloan.

“Qwikloan is here to bring relief to customers. You will all agree with me that everyone needs to solve a need in life at a point in life at a point in time. Sometimes it is very difficult getting financial assistance from family and friends to solve that need. In most cases, the period of need will elapsed and you never get the financial assistance.

Aside this, there are times where you may be stranded in town or while on a journey due to shortage of money. Qwikloan is here to solve those needs”, he elucidated.
According to Mr. Hini, with Qwikloan one will not go through hustle to provide proof of collateral in order to access the loan. Qwikloan is an instant way to access a cash loan, at any time for any purpose from your Mobile Phone.

“Customers can access up to GHC1, 000. All you have to do, is just use MTN Mobile Money and airtime 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# to access a Qwikloan”, he stated.

This he said, MTN will continue to find ways of bringing innovative products and services to their customers in order to promote a cash lite economy. Mobile Money is here to serve all of us especially, the unbanked population.
The service has grown and today we have more than 8.2 million active subscribers base and merchant points of over 88, 000 across the country.

“As part of our fraud awareness campaign let use this opportunity to share these three tips so customers can safeguard their Mobile Money Wallet:

• Do not disclose your PIN. It is your secret

• Do not entertain calls or messages concerning your mobile money account

• Do not give out your phones for mobile money transactions to be performed”, he advised.

The Managing Director of afb Ghana Mr. Arnold Parker, stated unequivocally that the new product has come to stay. This he said, it will go a long way to help customers to enhance their businesses. “You do not need a bank account to access Qwikloan.

The Qwikloan fee is 6.9% per loan”, he stated. You can repay your loan manually at any time, by selecting the “Repay loan “option on the Qwikloan menu.

By: Isaac Kofi Dzokpo/


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