Get a Business Loan with Just Your MTN MoMo Statement

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If you need quick and easy access to a business loan, FidoBiz makes it simple. The best part? You only need your MTN Mobile Money (MoMo) statement to apply. Follow this short guide to get started!

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What you need to apply

To qualify for a FidoBiz loan, ensure you meet these simple requirements:

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Name match‍

Your business name should match the name on your MoMo statement.

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MoMo statement‍

Provide your most recent two months of MoMo transactions.

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Transaction volume‍

You must have made at least 20 transactions within those two months.

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Statement recency‍

The statement should have been requested within the last 35 days.

You might also find our article on How to start your mobile money agent business helpful.

For related tips, take a look at Customer service habits that build loyalty.

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File format

The statement must be in PDF format.

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How to request your MTN MoMo statement

Requesting with the shortcode

Getting your MoMo statement is easy! Here’s how you can get it using the MTN shortcode

Dial *170# on your MTN line.
Select Option 6 (My Wallet).
Choose Option 3 (Statements).
Follow the prompts to request your last 2 months’ statement.
Receive your statement in PDF format via email.

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Requesting with the MTN momo app

Follow the steps below to request your statement from the MTN service provider

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Launch MyMTN App
Select MoMo feature
Enter MoMo pin
Enter OTP
Select My Wallet
Select detail statement
Enter email address
Confirm email address
Enter start date of statement
Enter end date
Authorization message will pop up to enter pin

What documents do I need to apply for a FidoBiz loan?

You primarily need your MTN Mobile Money statement from the last two months in PDF format. Ensure your business name matches the name on your MoMo account, and that you've completed at least 20 transactions within those two months. The statement must have been requested within the last 35 days to qualify.

How do I get my MTN MoMo statement?

You can request your statement two ways. Using the shortcode, dial *170# on your MTN line, select Option 6 (My Wallet), then Option 3 (Statements), and follow the prompts. Alternatively, use the MyMTN app by selecting the MoMo feature, entering your pin and OTP, navigating to My Wallet, and requesting your detail statement via email.

How many transactions do I need to qualify for FidoBiz?

You must have completed at least 20 transactions on your MTN Mobile Money account within the two-month period covered by your statement. This transaction volume requirement helps FidoBiz assess your business activity and eligibility for the loan.

Can I use an old MTN MoMo statement for FidoBiz?

No, your MoMo statement must have been requested within the last 35 days. Using an older statement will make you ineligible. Always request a fresh statement before applying to ensure it meets the recency requirement for your FidoBiz loan application.

What file format does my MoMo statement need to be in?

Your MTN Mobile Money statement must be in PDF format to be accepted for a FidoBiz loan application. When you request your statement through either the *170# shortcode or the MyMTN app, you'll receive it via email in the correct PDF format automatically.

Does my business name have to match my MoMo account name?

Yes, your business name must match the name registered on your MTN Mobile Money statement. This is a key requirement for FidoBiz loan qualification. If there's a mismatch, you may need to update your MoMo account details before applying for the loan.

How long does it take to get my MTN MoMo statement?

When you request your statement using the *170# shortcode or MyMTN app, it's typically sent to your email immediately in PDF format. However, allow a few minutes for delivery to your inbox. Once received, you can use it right away for your FidoBiz loan application.

How to get a FidoBiz loan with your MTN MoMo statement