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 to more than Rwf 1,000,000, with transparent and competitive interest rates from 7% to 14%, depending on the chosen repayment period. Customers can choose to repay within 7, 14, or 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 1825*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, said: “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 manage 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 YABX, 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 decision-making, 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 growing base of MoMo users.”
Carine Umutoni, Managing Director of Ecobank Rwanda Plc, added: “At Ecobank Rwanda, we believe access to credit is a powerful catalyst for economic empowerment, 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 financial 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 achieving 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.
About Mobile Money Rwanda Ltd
Mobile Money Rwanda Ltd is MTN Rwanda’s FinTech subsidiary, established on April 27, 2021, to provide and manage Mobile Money services in Rwanda. The company has about 5.1 million subscribers, over 65,000 Mobile Money agents, and more than 500,000 MoMoPay merchants across the country.
With continuous innovations in services such as MoMoPay, MoKash Loans & Savings, Tap&Go bus payments, bill payments, international and regional remittances, and more, Mobile Money Rwanda is at the forefront of driving financial inclusion and supporting the digital economy in Rwanda.
About Ecobank Rwanda Plc
Ecobank Rwanda is a subsidiary of Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, headquartered in Lomé, Togo. Ecobank Group operates in 32 countries across Africa and has representative offices in Addis Ababa, Ethiopia, and Johannesburg, South Africa.
It also holds a banking license in France and maintains international offices in Beijing, China; London, UK; and Dubai, United Arab Emirates. Ecobank began operations in Rwanda in 2007 under the supervision of the National Bank of Rwanda and currently has 8 branches, 12 ATMs, over 210 staff, and more than 852 Xpress Point agencies serving customers across its Consumer Banking, Commercial Banking, Corporate and Investment Banking, and Treasury divisions.
About YABX
YABX Technologies (Netherlands) B.V is a global digital lending infrastructure provider that enables banks, mobile money operators, and ecosystem partners to deliver responsible financial products at scale. Leveraging advanced analytics, alternative data, and a fully integrated digital lending platform, the company supports the entire customer lifecycle—from acquisition and underwriting to loan management and portfolio analytics.
YABX has implemented financial programs across Africa, the Middle East, Asia, and Latin America, partnering with banks, telecom companies, mobile money operators, and digital platforms to expand financial inclusion.
For more information about MoFlex or any of our services, please visit: www.mtn.co.rw/momo
MoFlex users can request loans ranging from Rwf 1,000 to more than Rwf 1,000,000, with transparent and competitive interest rates from 7% to 14%, depending on the chosen repayment period