dfcu Bank in new partnership to empower Mobile Money agents with innovative loan solutions

MTN Mobile Money (U) Limited has collaborated with Letshego Uganda and dfcu Bank to launch two agent loan products, designed to provide working capital to mobile money agents across the country.

The dfcu Bank Weekend Agent Loan and Agent Loan Float with Letshego are part of the expanded MoMo Agent Loans Marketplace, aimed at strengthening financial inclusion and supporting the thousands of agents who serve as vital touchpoints in Uganda’s digital economy.

The dfcu Bank Weekend Agent Loan offers short-term digital loans to MTN MoMo agents, providing instant access to working capital during weekends when transaction volumes typically surge. Agents can borrow between UGX 1 million to UGX 5 million through a simple USSD process, with funds disbursed instantly into their float wallets.

The loan is available from Friday midnight to Sunday 11:59 pm and requires no collateral, empowering agents to continue serving customers efficiently throughout the weekend.

The Agent Loan Float with Letshego extends this convenience beyond weekends, offering agents reliable short-term financing throughout the week. By dialing 16552#, agents can access between UGX 50,000 to UGX 5 million instantly, choosing repayment terms of seven or fourteen days based on their business needs.

Loans are disbursed immediately upon approval, with competitive interest rates of three percent for seven days and four percent for fourteen days, as well as no collateral requirements.

Commenting on the partnership, 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. These solutions will enable our agents to deliver seamless digital transactions and payments across Uganda, giving them the Power to Do More.”

Giles Germany Aijukwe, CEO of Letshego Uganda, emphasized 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.”

“With a simple USSD code, agents can now secure short-term float without collateral, keeping their businesses active and customers served without interruption. Together with MTN, we are enabling agents to grow, earn more, and deliver better service in their communities. This is financial inclusion in action.”

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

“At dfcu Bank, our purpose is to transform lives and businesses through innovative financial solutions. 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.