JUMO and MTN MoMo to Launch a New Credit Service, MoSente

In a recent announcement, JUMO has disclosed that they have come into a partnership with MTN Mobile Money Uganda in an effort to launch a new credit service, MoSente.

“In a market where large segments of the population are still unbanked, in large part due to lack of access to easy and convenient credit, our partnership with JUMO is an important milestone for advancing financial inclusion for the people of Uganda.”

Richard Yego, Managing Director, MTN Mobile Money Uganda

“Our work with MTN is focused on supporting entrepreneurs who need simple, quick access to working capital to grow their businesses. We offer them the opportunity to increase their access to credit in the long-term, through ongoing responsible loan management.”

Buhle Goslar, Africa CEO, JUMO

“Partnerships between financial technology companies like JUMO and mobile money providers are essential to creating more opportunities for the people of Uganda to borrow and save conveniently using their mobile phones.”

Wilfred Wabwire, Country Manager, JUMO Uganda