MTN Rwanda, in collaboration with Bank of Kigali, announced the launch of ‘Macye Macye’, which is a Device Financing program that will be funded by the Bank of Kigali and will allow MTN Rwanda customers to purchase smartphones and tablets on credit from any MTN Service center, franchisee shop, or other retail distribution point.
Customers can now own a smartphone of their choice for as low as Rwf 200 per day by dialling *182*12# and going through a simple onboarding process. Each device purchased under the device financing program will be bundled with free data, talk time and SMS from MTN. Customers can choose to pay for their devices in daily, weekly, or monthly payments. All payments will be made via Mobile Money.
MTN customers will be prequalified using a credit score that will be based on customers’ purchases of various telecommunications services such as Voice, Data, SMS, and Mobile Money over the last twelve months.
The service is line with MTN Rwanda’s commitment to offer its customers unmatched personalized services that meet their needs as enshrined in MTN’s overall mission to lead the delivery of digital solutions for Rwanda’s progress.
As the financing partner, Bank of Kigali Plc will offer lending services to eligible customers in the smartphone financing scheme whose credit scoring will be in line with BK’s credit qualification criteria.
Interested buyers have various plans to select from:
- Single device plan : Spend all your credit earned on one single smartphone. This plan is for individuals buying smartphones for their own use.
- Family device plan : Spend all your credit earned on multiple Smartphones. This plan is for individuals buying smartphones for themselves and other family members.
- Upgrade device plan : Bring your current device and trade it in; use the value given for your old device to top up your credit eligibility and get a higher-valued Smartphone.
- Community device plan : Get special community credit scoring as a member of a SACCO, cooperative, or association.
Chief Executive Officer for Bank of Kigali said, Dr Diane Karusisi
We are very delighted to partner with MTN Rwanda for the device financing program which we believe will further accelerate smartphone penetration and empower communities. At Bank of Kigali, we are constantly innovating to create digital products and campaigns that will allow us to serve Rwandans seamlessly, and this program speaks to our belief that everyone should easily access digital financial services.
Mapula Bodibe, MTN Rwanda Chief Executive Officer
Smartphone affordability has been a barrier to our customers being able to access the mobile internet. Our partnership with Bank of Kigali sets to increase affordability and lighten the burden to avail smartphones to all, which underpins MTN Rwanda’s belief that everyone deserves the benefits of a modern connected life. Additionally, with ‘Macye Macye’, we are committed to creating a more connected world to enable more people to access the power of the Internet and bridge the digital divide in the country, where approximately 75% of the population do not own a smartphone.
