Скачать или смотреть MoKash’s 9.7m subscribers make NCBA the biggest Bank in terms of Accounts.

The second wave of the Covid-19 pandemic has left majority Ugandan businesses and even individuals in desperate need of a financial bailout.

Sadly, many of them could hardly access credit due to lack of security and other necessary requirements.

However, there has been a reprieve for more than nine million Ugandans who have used their mobile banking accounts to acquire quick loans.

Through MoKash, a money lending and savings platform hosted by MTN Uganda, NCBA Bank Uganda Limited is helping over 9.7 customers to get low-cost unsecured credit in the shortest time possible.

With the 9.7 million MoKash accounts, NCBA automatically becomes the biggest bank in Uganda in terms of Account Holders.

“The partnership with MTN Mobile Money Uganda Limited allows us to continuously extend financial services to millions of Ugandans through the mobile channel. It is a great partnership that is positively contributing to the deepening of the financial inclusion agenda in Uganda,” says Anthony Ndegwa, the NCBA CEO.

Anthony Ndegwa however adds that the advent of the Covid-19 pandemic has presented both challenges and opportunities for economies and businesses world over, one of them being failure to repay loans.