Goldmine Finance offers quick-fix loans up to UGX1,000,000Emmanuel Mukusike, the General Manager Goldmine Finance, Tayebwa and Koni, during the launch of the mobile loan product at their head office in Kampala recently.
Goldmine Finance has introduced the Goldmine Mobile Loan, a web app that allows potential borrowers easy access to quick cash of up to a maximum of UGX1,000,000 (about $266).
According to company officials, this mobile loan feature has been built on simplicity and designed to be instant. On top of rapid processing, it needs minimal to no documentation. Loan repayments will be made in one installment over a 30-day period from the time of borrowing however, all loans will be guaranteed by the individual’s employer. To access the Goldmine Mobile Loan platform on your phone, dial *284*93# or visit app.goldminefinance.com.
Allan Tayebwa, the CEO of Goldmine Finance said at the launch of the product, “Goldmine Finance offers easy-to-use solutions to help our clients to budget, save, spend and borrow carefully and confidently. Our understanding as a business is that people want the power to achieve financial freedom and stability and are seeking simple, clear solutions and advice to help them along the way. We want to showcase that we’re not just a money lending company but are willing to assist when needed and provide solutions to help people walk financially independent lives.”
Established in 2011 as a money lending institution, Goldmine went on to become a Tier IV microfinance institution in 2017. From offering their services to a limited clientele of known individuals and companies, they gradually expanded to include the general public. Provision of mobile loans is part of the Goldmine Finance company strategy to partner with individuals and employers to assist with salary loans through mobile loan technology. The web app provides an easy way for customers to manage their short-term liquidity needs arising from unexpected financial demands amid rising fuel prices, commodity prices and other expenses.
Lungi Koni, the Marketing Advisor at Goldmine Finance said, “We’ve developed the app, because in the microfinance industry overall, it is a priority to find better, faster, and more efficient means to reach new and existing markets. The impact of innovating and adapting to technology is an important driver in remaining top of mind in the ever-maturing microfinance industry.”