Doha:Telecel Cash has reached a significant milestone, disbursing over GHS1 billion through its Ready Loan service. This achievement underscores the company's commitment to enhancing access to convenient, affordable, and inclusive digital financial services for Ghanaians.
According to Ghana Web, the Ready Loan service was launched in collaboration with CBG Ghana and Simbrella Ghana Limited. It allows eligible Telecel Cash customers to access short-term credit instantly through their mobile money wallets, addressing urgent financial needs, managing cash flow gaps, and taking advantage of personal or business opportunities.
The growing demand for accessible digital credit solutions is evident in this milestone, as customers continue to trust Telecel Cash as a reliable provider of innovative financial services. The service is especially beneficial for individuals and small business owners who often face challenges accessing traditional credit due to lengthy application processes and collateral requirements.
Ready Loan offers a fully digital borrowing experience, allowing eligible customers to borrow up to GHS2,500 based on their credit limits. Funds are disbursed directly into their Telecel Cash wallets within minutes, enabling customers to manage unexpected expenses, support household needs, and conduct day-to-day business operations smoothly.
The GHS1 billion milestone signifies not just a business success but also the positive impact on thousands of customers who have gained access to formal digital credit through their mobile money activities. Fui Fiadjoe, Managing Director of Simbrella Ghana Limited, emphasized their commitment to significant loan disbursement volumes while maintaining safety, responsibility, and inclusivity.
Philp Amoateng, Managing Director of Telecel Mobile Financial Services, highlighted the transformative power of digital financial services in Ghana and reinforced Telecel Cash's focus on simplifying and expanding access to financial services. He also encouraged customers to borrow responsibly and repay on time to maintain service access and support future credit eligibility.
Eligible customers can access Ready Loan by dialing *110#, selecting Financial Services (Option 5) and then Loans (Option 2) to view their available credit limit and complete a loan request in a few simple steps.