MoKash is a service available for MTN Mobile Money customers that provides customers the ability to save using MTN Mobile Money and to take loans on a short term basis.

Dial *165*5# and select MoKash to get started.

A customer can save and earn interest or can get a short term loan with MoKash.

• Upon activation of MoKash a customer should save by moving money from their Mobile Money account to their MoKash account.
• To save with MoKash dial *165*5# select MoKash, then Savings then Deposit. A customer can save as low as UGX50.
• Money saved on MoKash earns interest.

• You can also activate Auto Savings. Choose between 3 options; daily, weekly or monthly.

• To access a MoKash loan a customer should have first saved with MoKash. Customers can save as low as UGX 50.
• You can access a loan between UGX 3,000 and up to UGX 1,000,000 depending on your loan limit with a 9% facilitation fee.
• Loan repayment period is 30 days
• If loan in not paid within the 30 day period, customer will extend the outstanding loan for another 30 days at a fee of 9%
• Loan is deposited directly to the customers MTN Mobile Money account.
• To get a loan dial *165*5#, select MoKash, then Loans and follow the steps. Remember to check your Loan Limit.

All MoKash transactions are free. Depositing or withdrawing from your Savings account, checking loan limit, repaying a loan are all free transactions.