dfcu Bank has taken another bold step toward deepening financial inclusion and supporting enterprise growth in Uganda with the official launch of the MoMo Agent Loans Marketplace. Developed in partnership with MTN MoMo Uganda, this digital platform is designed to provide MoMo agents with instant access to working capital, empowering them to manage liquidity, serve customers consistently, and expand their businesses with confidence.
The new Marketplace allows agents across the country to conveniently access short-term loans by simply dialing *165# and following the prompts—removing traditional barriers such as paperwork, collateral requirements, and long processing times. This innovation comes at a time when digital financial services continue to grow in importance, making liquidity a critical need for agents who serve as community-level financial touchpoints.
Speaking at the launch, dfcu Bank’s Managing Director, Charles Mudiwa, emphasized the transformative potential of this initiative: “This launch is aligned with our purpose of transforming lives and businesses. By enabling agents to access capital instantly and securely, we are empowering thousands of entrepreneurs across the country and advancing Uganda’s journey toward a more digital, inclusive economy.”
Also addressing the audience, Richard Yego, Managing Director of MTN MoMo, underlined the significant and longstanding need for accessible financing among agents:“Capital has been one of the biggest challenges our agents face. Today, we are empowering them with a modern, digital solution—no paperwork, no collateral. This Marketplace is built on strong partnerships, and together with dfcu, we are committed to supporting agents to grow responsibly and sustainably.”
The launch of the MoMo Agent Loans Marketplace illustrates a shared commitment between dfcu Bank and MTN MoMo to delivering solutions that uplift entrepreneurs and enhance service delivery in every corner of Uganda. By giving agents the tools they need to thrive, they support stronger businesses, more resilient communities, and continued progress toward a fully inclusive digital economy.
For more information on dfcu visit www.dfcugroup.com
