MoneyPhone’s mission is to empower the 2 billion unbanked and poorly banked inhabitants of our planet. We deploy cutting edge technology that gives people access to the cheapest credit possible, anywhere and anytime.
Meet Ahmed, a Syrian in Jordan (right) with a UNHCR refugee card. He obtained a USD 4000 microcredit via MoneyPhone’s Digital Loan Application Portal. He pays a 9.6% interest rate annually.
He used the credit to purchase a machine that produces biodegradable cups. His interest rates are 23% lower than the current cheapest rate on the market. The credit line and the repayments are transactions over a mobile wallet, no banks involved.