App Profile: Fido Solutions

Fido is licensed by the Bank of Ghana, Bank of Uganda and the National Credit Regulator (South Africa). We create opportunities for growth in Africa by changing the way individuals and entrepreneurs create, manage and build wealth. Enjoy instant financial services, such as access to business credit, savings, personal credit, and easy, cost-effective payments.
Build your financial track record with Fido Score to take control over your finances and unlock improved offerings from Fido and our partners.

Here's what we offer:
- Fido Business: Boost your business growth with Fido Biz Loans, offering up to GHS 5,000 to move your business forward.
- Fido Score: Build your financial track record and control of your finances with Fido Score. Take actions to improve your Fido Score and unlock improved offerings.
- Fido Savings: Put your money to work and prepare for your future with our high-interest savings product.
- Personal Credit: Get an instantly pre-approved GHC100-4,000 credit line to meet your needs. It's fast, simple and transparent.
- Fido Payments: Pay bills, buy data, and airtime effortlessly. Each purchase improves your Fido Score.

Here's how to sign up to Fido:
- Download the Fido App and register only once.
- Confirm your details with a valid ID (NIN / Ghana Card) and an address.
- You must be over the age of 18.
- Complete the Fido Score assessment.
- If you are a business, complete you business information.
- Kindly note Minimum Repayment period: 90 days and Maximum Repayment period: 365 days.
- We accept MTN, ATT & Vodafone Mobile Money wallets.

Here's how to repay:


Ghana:
- Log into the Fido App, select the 'Make a Payment' button and follow the prompts.
- You can also dial *998# to repay.
- For other options like using the MTN, AirtelTigo and Vodafone menus, find the repayment process in the Fido App 'Help' section.


Uganda:
Via the Fido App: Log in and tap "Pay Back", then follow the prompts.
Via Mobile Money:

- Airtel: Dial *185*9#, enter Merchant ID: 4312373
- MTN Dial *165*4*4#, enter Merchant Code: fido1

Quick payments via USSD:
- Dial *284*300#
- Confirm your payment with your PIN


Beware of Fraudsters:
- Don't pay any deposits to any agents, Fido is a 100% mobile app!
- Don't use a mobile money number that does not belong to you.
- Don't use someone else's Ghana Card.
- Don't apply for someone else.


Fido personal credit and business loans are intended to assist entrepreneurs and individuals with their everyday needs and not to service long-term debt obligations. Maximum Annual Percentage Rate (APR) is 36%. Actual rates may be lower, depending on local applicable laws and regulations. This is based on a credit line term of 365 days (one year), an interest of 0.098% per day or 2.94% per month, a processing fee of 295 GHS per credit line, and in certain cases, a deductible commitment fee of up to 1.6%.

Representative Example in Ghana Cedi:
A borrower who receives credit of 2,000 GHS for a 365 days term, will be charged an interest rate of 0.098% per day, thus 408.7 GHS in 365 days, and a processing fee of 295 GHS, summing up to a total repayment of 703.7 GHS. A deductible 1.4% commitment fee is applied, and 28 GHS will be deducted from the principal.

‏In summary: 2,000 GHS (borrowed amount), minus 28 GHS (commitment fee) + 408.7 GHS (interest) + 295 GHS (processing fee) = 2,703.7 GHS (total payment).
The borrower has the flexibility to make early repayments at any point, thereby reducing the above-stated interest.

+233-0596922420 / www.fidocredit.com

We are certified by the Data Protection Commission and hold an ISO 27001 certification.

Find out more: https://www.fidocredit.com/legal-pages/privacy-policy-statement