Jumo, MTN launch mobile money loan offering to improve SME credit access in Ivory Coast
South Africa-based Jumo has partnered with MANSA Bank and MTN Mobile Financial Services to provide loans to entrepreneurs and small businesses in Ivory Coast.
Founded in 2015 and backed by Goldman Sachs, Jumo offers savings and credit products to entrepreneurs in emerging markets, as well as financial services infrastructure to partners such as e-money operators and banks.
In Ivory Coast, which is Jumo’s most recent market, the collaboration will see the company introduce its new short-term and small-scale loan product, VitKash, built in partnership with MANSA and offered through MTN’s mobile money platform. Continue reading
Image: UNCDF