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MTN Mobile Money lending surges in Uganda as digital credit booms

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash

Esther Mubiru

Esther Mubiru is a Ugandan based journalist with decades of experience in news reporting.
  • Borrowers more than double to over eight million in 2025
  • Loan values jump to nearly 2.5 trillion shillings

 

KAMPALA, UGANDA — MTN Mobile Money recorded sharp growth in mobile lending in 2025, with borrowers and loan values surging as its MoMo Advance product gained traction, company executives in Uganda said.

The number of unique borrowers more than doubled to over eight million in the year ended December 2025, up from 3.5 million in 2024, according to MTN Mobile Money.

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