Mobile money loans were a timely addition to the digital development of Uganda. Since Mobile money outlets are a more common sight than banks, its actually easier to get a mobile money loan than a bank loan which may require lots of documentations and stringent procedures. However, like MTN MoKash, Airtel’s Wewole had a maximum repayment time of one month after taking the loan. Late payment would result to a 10% penalty of the total loan amount. Airtel Uganda has taken the responsibility to ensure that their customers who pay promptly not only get bigger loan offers but also gain access to the best of their Wewole unsecured loans with increased repayment term option.
