Telecel Cash has disbursed over GH¢1 billion through its Ready Loan service, marking a major milestone in its efforts to expand access to convenient, affordable and inclusive digital financial services for Ghanaians.
The service, launched in partnership with CBG Ghana and Simbrella Ghana Limited, provides eligible Telecel Cash customers with instant access to short-term credit directly through their mobile money wallets.
The company said the achievement reflected the growing demand for accessible digital credit solutions and the trust customers continue to place in Telecel Cash as a reliable provider of innovative financial services.
For many individuals and small business owners, access to traditional forms of credit can be challenging due to lengthy application processes, collateral requirements and limited banking access. Telecel Cash said Ready Loan bridges this gap by providing a fully digital borrowing experience that is quick, convenient and accessible from any mobile phone.
Eligible customers can access loan amounts of up to GH¢2,500, based on their assigned credit limits, with funds disbursed directly into their Telecel Cash wallets within minutes. The service enables customers to respond to unexpected expenses, support household needs, manage day-to-day business operations and meet short-term financial obligations without disruption.
The company said the GH¢1 billion milestone was more than a business achievement, as it represented thousands of customers who had benefited from access to formal digital credit through their everyday mobile money activity.
Commenting on the milestone, the Managing Director of Simbrella Ghana Limited, Mr Fui Fiadjoe, reaffirmed the company's commitment to driving significant loan disbursement volumes while upholding safety, responsibility and inclusivity.
The Managing Director of Telecel Mobile Financial Services, Mr Philip Amoateng, said digital financial services continued to transform lives across Ghana, and that Telecel Cash remained focused on developing solutions that made financial services simpler, more accessible and more relevant to customers.
"Through services such as Ready Loan, Telecel Cash is helping to deepen financial inclusion while empowering customers with greater financial flexibility and control. We encourage all customers to borrow responsibly and make repayments on time to maintain access to the service and support future credit eligibility," he said.
Eligible customers can access Ready Loan by dialling *110#, selecting Financial Services (Option 5) and then Loans (Option 2) to view their available credit limit and complete a loan request.