JUMO World extends digital loans to over 2.5 million Ugandans - My Uganda Updates

JUMO World extends digital loans to over 2.5 million Ugandans

With the worsening economic situation in the country, on top of the effects of the Covid-19 pandemic, most Ugandans have resorted to seeking short-term loans from friends and family to make ends meet.

But this is an unsustainable scenario because even those friends are struggling too, trying hard to survive with the little they have. And that is where JUMO World comes in, to facilitate digital quick loans and mitigate the financial burden one would impose on their immediate circle.

Since 2017, JUMO World Uganda has been acting as an integrator for Uganda’s top telecoms Airtel and MTN to provide soft loans and saving platforms for Ugandans. To date, more than 2.6 million subscribers have benefitted from Airtel Uganda’s Wewole and MTN’s MoSente platforms

On the 9th Day of the 2022 40 Days 40 FinTechs initiative, Season 3, we speak to Wilfred Wabwire, the JUMO World country manager for Uganda. Below is what he has to say

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