Mobile Money Rwanda Ltd (MoMo Rwanda), in partnership with Ecobank Rwanda Plc and YABX Technologies (Netherlands) B.V , is pleased to announce the launch of its latest innovation, MoFlex ; a groundbreaking microloan product designed to empower Rwandans with quick, flexible, and accessible financial support directly through their MoMo accounts.
With MoFlex, MoMo users can now access microloans tailored to their unique needs. This innovative service offers customers the freedom to choose repayment periods that suit their financial situations. MoFlex users can request loans ranging from Rwf 1,000 t o more than Rwf 1, 000,000, with transparent and competitive interest rates from 7% to 14%, tailored to their chosen repayment period. Customers can choose to pay between 7, 14 and 30 days. This ensures both affordability and clarity for all users.
How to Access MoFlex
Accessing a MoFlex loan is fast and hassle -free. Customers can dial *182* 5*4 #, follow the prompts, and receive funds directly into their MoMo accounts within minutes.
Speaking at the launch, Chantal Kagame, CEO of Mobile Money Rwanda Ltd, shared:
“We are delighted to introduce MoFlex as part of our ongoing commitment to fostering financial inclusion in Rwanda. This product is designed to address the evolving needs of our customers, providing not only access to funds but also the flexibility to manag e their finances effectively. At MoMo, we are dedicated to delivering solutions that truly come from the heart – ‘BivaMoMotima .’”
On the launch of MoFlex, Puneet Chopra, Chief Growth Officer at Y abx , said:
“MoFlex combines flexible loan options with instant digital access, enabling customers to borrow and repay in a way that fits their financial needs. Behind this simple experience is a sophisticated digital lending infrastructure that brings together real -time data analytics, credit decisioning, and deep ecosystem integration. Through our partnership with Mobile Money Rwanda and Ecobank, we are creating a scalable model that has the potential to extend responsible access to credit across Rwanda’s large and g rowing base of MoMo users. ”
Carine Umutoni, Managing Director, Ecobank Rwanda Plc, added:
“At Ecobank Rwanda, we believe access to credit is a powerful catalyst for economic empowerment in Rwanda, particularly for underserved communities who often face barriers to formal financing. Through our partnership with Mobile Money Rwanda Ltd and YABX, MoFlex provides customers with convenient and responsible access to short -term financing directly through their mobile phones. This collaboration reflects our commitment to leveraging digital innovation to expand financial inclusion and deliver practical f inancial solutions that support everyday needs and small businesses across Rwanda.”
Empowering Communities, Driving a Cashless Economy
MoFlex represents MoMo Rwanda’s unwavering dedication to leveraging digital innovation to transform lives and empower communities across the country. By offering accessible and user – friendly financial services, MoMo continues to lead the charge toward achi eving a fully cashless economy in Rwanda.
Join the movement and experience financial freedom with MoFlex today. For more information, visit our website or contact our customer service team.
######
