In a significant step toward expanding access to credit and deepening financial inclusion in Ghana, Fidelity Bank Ghana, in partnership with MobileMoney LTD and JUMO, a leading banking technology company, has officially launched BoseaLoan, a fast, flexible, and inclusive mobile loan product.
The tripartite partnership brings together the capital of a leading Ghanaian bank, the reach of a trusted mobile money platform, and the innovation of a global fintech enabler to deliver impactful digital financial solutions to Ghanaians, particularly those historically excluded from formal credit systems.
Available exclusively to MoMo from MTN customers, the BoseaLoan is a short-term loan product that provides quick access to credit through mobile phones, allowing customers to borrow based on their financial activity and eligibility.
Funded by Fidelity Bank Ghana, it is delivered through a collaboration with MobileMoney LTD, which serves as the distribution channel, and JUMO, whose AI-driven banking technology enables seamless credit scoring, disbursement, and repayment processes.
