MoKash will deepen financial inclusion

Re: MTN launches MoKash savings, loan service (The New Times, Feb. 16)

Re: MTN launches MoKash savings, loan service (The New Times, Feb. 16)

This is a new invention where people/subscribers can easily get access to financial services, particularly in situations of emergency.

 

In case one needs medical attention and has no cash, then it’s always an option.

 

Or strike a financial deal for wealth gain, then it becomes the first option. Remember, you can only get money based on your savings. Therefore, it is a win-win kind of scenario for all parties involved.

 

In any case it’s working in other countries in the region, so why not in Rwanda?

I see it as an effort towards deepening financial inclusiveness in Rwanda. Let’s embrace it and let the common man/woman take advantage of this new product to improve their livelihood.

Bernard Okello

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