mjara requires that you are signed up for MTN Mobile Money.
Here’s how mjara works:
Sign up for MTN Mobile Money. Registration is fast and free. Go to your nearest MTN Service Center or any MTN Mobile Money Agent to sign up.
Dial *565*5# from your mobile phone to join mjara. Access to loans requires that you pay a Registration Fee of 30 GHS, paid in three consecutive monthly installments of 10 GHS.
Make sure your Mobile Money account is loaded so that mjara can deduct the
10 GHS installment each month for three months.
The more you use mjara, the more you can borrow!
To join mjara, you pay a Registration Fee of 30 GHS collected in monthly installments of 10 GHS for three consecutive months. If you don't need a loan within one year, you can request a full refund of the Registration Fee you paid as long as you have made the three Registration payments (3x10 GHS).
Loan Fees will vary based on your time with mjara, loan amount and repayment schedule. Fees for your loan will be calculated and displayed on your phone’s screen. You will have to confirm the amount before the loan is dispersed.
Loan fees are as low as 4% of the amount borrowed.
When you take a loan, your full installment is due the same day of the following week or month that your loan was taken. For example, if you took out a 2-week loan on Saturday, March 1, 2014, your loan repayment would be due on Saturday, March 15.
For a 1-month loan taken out on March 12, 2014, the loan would be due in full by April 12, 2014.
For a 3-month loan taken out on March 12, 2014, you would need to repay the loan in full by June 12, 2014.
You can check on your loan status any time using the mjara Loan menu by dialing *565*5#.
When you take a loan, you will select the loan schedule that works best for you, either weekly or monthly. Your installment and due date for each installment will be clearly stated in the mjara menu.
The loan is 90 GHS, in 3 payments of 30 GHS, with a Loan Fee of 30 GHS.
The repayment schedule is: one third (35 GHS) after 1 month, another third (35 GHS) after 2 months, and the last third (35 GHS) after 3 months. This means your mobile money wallet must have the installment amount the day it’s due.
You can repay your loan partially or in full before it is due so you can quickly qualify for another loan. To repay your loan in advance of the due date, just dial *565*5*3*1#. You will then get a confirmation SMS of the repayment. Then, just refresh the total repayment amount due by dialing *565*5*3*2#.
mjara loans are intended to give honest, hard-working people a little help in times of need. We require our clients to repay their loans according to the term and loan repayment schedule they have selected.
mjara loans are repaid through an automatic deduction from your MTN Mobile Money account on the due date. If the funds are not available in your Mobile Money account by the due date, you will be charged a penalty. If your payment is over 4 days past due, it is considered in default and you will incur additional penalties.
We trust our customers and have confidence that when you do take a loan, you will pay it back on time. However, if you don’t repay your loan when it is due, you will be charged a penalty of 10 GHS on each failed weekly repayment and 10 GHS on each failed monthly repayment. Payments that are over 4 days past due will be considered in default and you will incur additional penalties.
If your loan is in default, you cannot access additional loans through mjara until your loan is repaid. You may also be subject to additional penalties under the law including fines, reporting to Credit Bureaus, blacklisting, and public posting of the defaulting customer's name on our website mjara.com. This information is also reported to all banks in Ghana.
MTN Mobile Money allows you to enjoy the ease and convenience of paying for services such as: MiLife insurance, DStv, ECG bills, airtime, or signing up for mjara loans. Ensure that you have sufficient funds in your Mobile Money wallet to contribute to your mjara loans account.
It's easy and free! Simply register through any MTN Mobile Money Authorized Merchant, MTN Service Center, or at Partner Bank Branches. You can also register with a Mobile Money Field Agent or mjara Loans Representative.
“I have been a customer of mjara
for some time now and I have nothing
but good things to say about the company.
They are true to their word and are helpful anytime
I apply for a loan. Call on them for
all your short-term financial needs.”
- DokuQuaye, 32,
“I have taken out two loans with no hassles.
All I have to do is dial a short code.
Registration was simple and cheap.
I recommend mjara!!”
- Favour Quarshie, 29,
“mjara is very intriguing and
simple to use. Doing transactions
via mobile money makes me feel very secure. I am very eager to work
- Patience Afatogo, 35,
Petty Trader, Makola.
See Frequently Asked Questions
or Speak with one of our agents