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UG Standard - Latest News

Airtel Money and Letshego Uganda Launch Innovative Mobile Loan Service

by Juliette Namakula | Assistant Editor
12/09/2024
in News
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David Opio (gnuGrid ED, credit scoring partner), Sheila Birungi (UMRA Legal), and Japheth Aritho (CEO Airtel Money) join Giles Aijukwe (CEO Letshego Uganda) as they launch the groundbreaking LetsGo Pesa mobile loan service, poised to revolutionize financial access in Uganda.
David Opio (gnuGrid ED, credit scoring partner), Sheila Birungi (UMRA Legal), and Japheth Aritho (CEO Airtel Money) join Giles Aijukwe (CEO Letshego Uganda) as they launch the groundbreaking LetsGo Pesa mobile loan service, poised to revolutionize financial access in Uganda.

Airtel Money and Letshego Uganda have partnered to introduce a groundbreaking mobile loan service, LetsGo Pesa, designed to provide Ugandans with rapid and convenient access to funds.

The new service utilizes advanced credit-scoring technology to offer loans to Airtel Money customers, eliminating the need for collateral or lengthy approval processes. This innovative approach aims to address the financial needs of individuals and small businesses in Uganda.

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According to Giles Aijukwe, CEO of Letshego Uganda, “The launch of LetsGo Pesa marks a significant milestone in our efforts to improve lives through inclusive financial solutions. We are committed to leveraging technology to bring financial relief directly to the people.”

Japheth Aritho, CEO of Airtel Money, emphasized the importance of partnerships in expanding digital financial access. “Our collaboration with Letshego Uganda demonstrates our commitment to building partnerships that increase financial inclusion and empower Ugandans financially.”

The LetsGo Pesa service offers flexible loan amounts and repayment periods, making it an attractive solution for individuals and small businesses seeking to address urgent financial needs. Customers can access the service by dialing the USSD short code *185# on their Airtel line.

The launch of LetsGo Pesa is expected to deepen financial inclusion and transform the way Ugandans access credit.

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