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FidoBiz Expands to All Businesses with Easy Loan Access!

Sep 16, 2024
Announcements

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At Fido, we’re always looking for ways to serve businesses better, and we’re excited to announce a new alternative offering designed to accommodate even more businesses. Whether you’re formally registered or not, as long as you have an active MTN account and valid business proof, FidoBiz is here to help you access the financing you need.

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As part of our ongoing mission to support business growth and provide easy access to liquidity, we’ve introduced more flexible documentation requirements for our FidoBiz loans.

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Why This Update Matters for Your Business

Whether you're a small business owner, an online entrepreneur, or a service provider, securing a loan to grow your business can sometimes feel overwhelming. We know that not every business has access to traditional documents, and that’s why we’ve expanded our acceptance criteria to ensure more business owners can benefit from FidoBiz’s fast and easy financing solutions.

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This new update means you no longer need to worry about meeting complicated criterias to prove your business's legitimacy. Enjoy faster approval times, giving you the flexibility to grow, restock, or invest in your business's future with ease.

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New Documents We Accept

Applying for FidoBiz loans is now easier and faster! During the application process, you’ll answer a few simple questions about your business and provide documents to verify ownership. 

To make it even more accessible, we’ve expanded the types of business documents we accept. Whether you're an online business or offer services, you can now secure a FidoBiz loan with these additional options:

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MTN Statements

MTN statements are now accepted as proof of transactions and business activity.

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VAT Certificate & TIN

Documents confirming that your business is registered for taxes with the Ghana Revenue Authority.

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AMA Stickers

Proof that the business owner is authorised to operate in a specific location. Must be issued within the last 6 months.

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Ride-Hailing App Profile

A profile from apps like Uber or Bolt can be submitted for those offering transportation services.

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FDA Certificate

This certificate shows that the Food and Drugs Authority approves you for businesses in the food or pharmaceutical industries.

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Rent Receipts/Tenancy Agreement

Proof of where your business operates, ensuring you have a verified business location.

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Business Vocation Certificate

A document proving your vocational skills and qualifications, perfect for service providers and craft-based businesses.

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Social Media Accounts/Catalogs

If your business mainly operates on platforms like Instagram or WhatsApp, you can submit your social media profile or product catalogue.

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Business Pictures

A clear, detailed picture of your business’s physical presence or products helps us better understand your operations.

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Easier Access, Faster Approvals

Expanding our documentation acceptance criteria makes it faster and easier for a broader range of businesses to qualify for FidoBiz loans. With this update, more businesses can secure the liquidity they need without being restricted by rigid requirements. It’s all part of our commitment to supporting small and medium-sized enterprises (SMEs) and helping them succeed, no matter where they operate.

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Ready to take your business to the next level? Whether you need to restock, expand your operations, or invest in new opportunities, FidoBiz is here to help. Apply for a FidoBiz loan today and use our newly expanded document options.

With just a few simple steps, you could access up to 8,000 GHS in financing, giving your business the boost it needs to thrive. Don’t miss out—apply today, and let FidoBiz be your partner in growth!

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