Sylvia Otuo Acheampong is the Services Officer at MobileMoney Limited
Mobile Money FinTech Limited (MMFL) has described the newly launched Misika digital loan service as a game-changing financial solution designed to provide quick and collateral-free funding for small businesses operating on the mobile money ecosystem.
Speaking at the launch of Adehyeman Savings and Loans' Misika service on Friday, June 26, 2026, Sylvia Otuo Acheampong explained that the initiative was born out of a strategic partnership involving Mobile Money FinTech Limited, LoopDFS and Adehyeman Savings and Loans.
According to her, each institution plays a unique role in delivering the service to merchants across the country.
"So, you will realise that there are three of us in this, how this was created. We have Mobile Money which is providing the distribution, the customer base. We have LoopDFS that does the real scoring. They do the scoring, so they manage the scoring engine. Then we have Adehyeman that provides the funding," she said.
She noted that the collaboration had made it possible to introduce Misika, MMFL's first merchant loan product, following months of testing and feedback gathering.
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"Misika is actually our first merchant loan service on the market. We've gone through a phase where we were doing a proof of concept, which is testing, getting feedback. And now with all the feedback that we got, we've been able to fine tune the service and ready to scale," she stated.
Acheampong explained that the launch marked the beginning of a nationwide rollout of the product to all eligible Mobile Money merchants.
"This was actually the commercial launch to introduce the service to all our merchants. This service is available to all Mobile Money FinTech Limited merchants. Once you have a merchant SIM, you would be able to access the loan," she said.
Under the service, first-time borrowers can access loans of up to GH¢2,000, while merchants who maintain a good repayment record can qualify for amounts as high as GH¢10,000.
She described the facility as a vital source of working capital for small businesses that require short-term financing to sustain operations and grow.
"This is actually a call for very small-scale businesses that just want a daily, a weekly or monthly extra funding to turn around their business. So, you can come for the loan, you turn it around, you make your profits, you pay back, you get another one," she explained.
A key feature of the service, she noted, is that merchants do not need collateral or extensive documentation to qualify.
"The loan is available. You don't need any collateral. All you need is to at least receive payments," she said.
She encouraged merchants to actively use their merchant SIMs for transactions, stressing that loan eligibility and limits are determined by transaction history and activity levels.
"This is what we want to encourage merchants to do, because to be able to score you, you should have been receiving a lot of payments through MoMo and also transferring your money to the bank or also trading. It is the activities on the SIM that helps improve your database," she explained.
Acheampong further urged business owners to separate personal and business transactions by ensuring all customer payments are received through their merchant wallets.
"Assuming you have your personal MoMo and you have the Merchant SIM, but you are receiving on your personal MoMo, you are not going to be scored. So, it is only activities on your Merchant SIM," she cautioned.
She added that the service offers an alternative financing channel for entrepreneurs who may not meet the requirements of traditional banks.
"This service is also for those that may not have all the paperwork or the collateral required for a formal bank loan. So, this is an informal way of accessing a full financial service," she noted.
Acheampong also reminded prospective users that obtaining a Merchant SIM requires proof of a registered business as part of Know Your Customer (KYC) requirements.
She therefore encouraged merchants to take advantage of the platform, describing it as a convenient and discreet means of accessing capital to support business growth.
"It is a great way of driving your business silently, borrowing, doing your business without the whole world knowing that you have borrowed. So, we want to encourage our merchants to really patronise the service. It was prepared and created for you," she added.
ANAS/VPO
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