MTN MoMo and partners unveil product to enhance financial inclusion

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MTN Mobile Money (U) Limited, in partnership with Letshego Uganda and dfcu Bank, has announced the launch of two innovative agent loan products designed to provide instant access to working capital for mobile money agents nationwide.

The new offerings, the dfcu Bank Weekend Agent Loan and the Agent Loan Float with Letshego, form part of the expanded MoMo Agent Loans Marketplace and align with MTN’s ongoing Power to Be More campaign.

The dual product launch represents a significant milestone in the partners’ shared commitment to strengthening financial inclusion and supporting the thousands of mobile money agents who serve as vital touchpoints in Uganda’s digital economy.

Through this collaboration, MTN MoMo, Letshego Microfinance, and dfcu Bank are addressing the critical need for flexible, accessible working capital that enables agents to maintain adequate float, meet high-demand periods, and deliver uninterrupted service to their customers.

Speaking during the announcement, MTN MoMo Uganda’s Chief Product Officer, Jemima Kariuki, reaffirmed the company’s dedication to empowering its agent network.

“As MTN MoMo, we are committed to strengthening financial inclusion across the communities we serve. Together with dfcu Bank and Letshego Uganda, we have partnered to introduce innovative loan products that supplement our agents’ liquidity and provide convenient access to funds beyond traditional banking hours,” she said.

Giles Germany Aijukwe, Chief Executive Officer of Letshego Uganda, emphasised the partnership’s role in advancing access to financial support for small business owners.

“At Letshego, we believe progress starts with access. Our partnership with MTN is unlocking fast and reliable working capital for thousands of Mobile Money agents, the everyday entrepreneurs powering Uganda’s digital economy. Together with MTN, we are enabling agents to grow, earn more, and deliver better service in their communities. This is financial inclusion in action,” he added.

Charles Mudiwa, Chief Executive Officer of dfcu Bank, noted the alignment between this partnership and the bank’s long-standing commitment to financial inclusion, SME support, and digital innovation:

“For years, we have invested in initiatives that deepen financial inclusion; from empowering SMEs and women entrepreneurs, to expanding agent banking and supporting Uganda’s digital financial ecosystem. Our partnership with MTN MoMo and Letshego aligns perfectly with this mission. The dfcu Bank Weekend Agent Loan gives mobile money agents timely, reliable working capital that keeps their businesses running and customers served. We are proud to play a role in strengthening Uganda’s entrepreneurial backbone and enabling accessible financial services for all.”

The introduction of the dfcu Bank Weekend Agent Loan and the Agent Loan Float with Letshego demonstrates the partners’ shared vision to enable financial resilience among Uganda’s agent network.

By simplifying access to credit and providing instant, flexible financing options, MTN MoMo, Letshego Uganda, and dfcu Bank are empowering agents with the tools they need to keep their businesses running smoothly, support customer needs, and continue driving Uganda’s digital and financial inclusion agenda forward.