Telecel Cash Ready Loan surpasses GH¢1bn in loan disbursements

Telecel Cash has reached a significant milestone, disbursing more than GH¢1 billion through its Ready Loan service in Ghana. This milestone underscores the company's dedication to delivering convenient, affordable, and inclusive digital financial services to Ghanaians. In collaboration with CBG Ghana and Simbrella Ghana Limited, Ready Loan offers eligible Telecel Cash users immediate access to short-term credit, directly within their mobile money accounts.

This enables customers to tackle financial emergencies, address cash flow gaps, and capitalize on business opportunities as they emerge. The accomplishment highlights the increasing need for accessible digital credit options and the unwavering trust customers place in Telecel Cash as a dependable innovator in financial services.

For numerous individuals and small business owners, traditional credit channels often present obstacles due to protracted application procedures, collateral demands, and restricted access to banking services. Ready Loan resolves this issue by providing a fully digital borrowing experience that is swift, convenient, and accessible from any mobile device.

Eligible customers may secure loan amounts of up to GHS 2,500, contingent on their assigned credit limits, with funds deposited directly into their Telecel Cash wallets within minutes. The GHS 1 billion milestone signifies more than just a business triumph; it symbolizes the countless customers who have benefited from formal digital credit access through their regular mobile money usage.

Fui Fiadjoe, Managing Director of Simbrella Ghana Limited, expressed their commitment to fostering substantial loan disbursement volumes while maintaining safety, responsibility, and inclusivity. Philip Amoateng, Managing Director of Telecel Mobile Financial Services, stated, "As digital financial services continue to reshape lives across Ghana, Telecel Cash remains committed to creating solutions that simplify, broaden access to, and render financial services more pertinent to customers."

Through services like Ready Loan, Telecel Cash is promoting deeper financial inclusion and empowering customers with enhanced financial flexibility and control. Telecel Cash advises all customers to borrow responsibly and fulfill repayments punctually to preserve access to the service and qualify for future credit. Eligible customers can avail of Ready Loan by dialing *110#, selecting Financial Services (Option 5) and Loans (Option 2) to review their available credit limit and finalize a loan request in a few straightforward steps.