Thinking about moving on from traditional bank loans? You’re not alone.
Here are a few reasons why thousands of Ghanaians are deciding to switch to Fido for their daily credit needs (and why you might, too).
Let’s dive into the details…
Some of the most ambitious small business owners and individuals in Ghana use Fido every day. Here’s what they have to say:
If you have ever tried to get a loan from a bank, you know the drill: print forms, bring passport pictures, find a guarantor, and wait for weeks.
With Fido: You don’t need a pile of papers. You don’t need a guarantor. You don’t even need a bank account. All you need is your valid Ghana Card and your smartphone. We build a credit score based on you—your digital behavior and repayment history—not on who you know.
Traditional banks often define "fast" as 3–5 business days. But when you have a medical emergency or a business opportunity today, next week is too late.
With Fido: We have redefined speed. Our automated system reviews your application in real-time. Once approved, the money is sent directly to your Mobile Money wallet instantly. No queues, no "manager is at lunch," no waiting.
Bank loans often come with a long list of deductions: processing fees, insurance levies, monthly maintenance charges, and early repayment penalties. You apply for GH₵1,000, but you receive GH₵850, and you owe GH₵1,200.
With Fido: We make it crystal clear. You see the exact cost of the loan on your screen before you tap "Accept." There are no hidden processing fees deducted from your principal, and no surprise charges at the end. What you see is what you pay.
When you borrow from a bank, your good repayment history often sits in a dusty file, helping you very little with your next application.
With Fido: Every time you repay on time, you build your Fido Score. A higher score unlocks larger loan limits and lower interest rates automatically. It’s a transparent ladder to financial growth that you can track right inside the app.
We think you should be free to access credit whenever you need it, without jumping through hoops.
Switching to Fido is as easy as downloading the app. No branch visits required.
