Frequently Asked Questions
Please note that both your investment and interest are guaranteed. MONEYMATE has procured insurance cover against default risk.
The maximum investment is UGX ten (10) million.
Your PEERS on the MONEYMATE platform. These could be your work colleagues, associates, supervisor or even someone from another organization but subscribed to the MONEYMATE.
Your PEERS on the MONEYMATE platform. These could be your work colleagues, associates, supervisor or even someone from another organization but subscribed to the MONEYMATE.
NO. You will receive your PRINCIPLE and INTEREST at the end of the investment period. If an opportunity does arise, you are FREE to reinvest on MONEYMATE.
Your maximum borrowing is FORTY PERCENT (40%) of your NET SALARY.
Currently, MONEYMATE is only offering this product to entities/institutions.
YES. Please contact MONEYMATE on the email and telephone numbers on our CONTACT PAGE.
NO. ONLY you shall have access to this information.
NO. ONLY you shall have access to this information.
NO. If you fail to pay you will incur a TWENTY PERCENT (20%) PENAL INTEREST on the outstanding balance. PLEASE ENSURE YOU PAY ON TIME so as to avoid being DEACTIVATED from the platform
ONE loan at a time.
MONEYMATE is a product of Money Market Gurus Limited and regulated by the UGANDA MICROFINANCE REGULATORY AUTHORITY.
Money can be sent to the borrower through Mobile Money.
Your investment inclusive of INTEREST will be received through Mobile Money or your registered bank account.
The maximum period you can borrow is TWO (2) MONTHS.
The interest rate for BORROWING is set at TEN PERCENT (10%) per month and INVESTING is at FIVE PERCENT (5%) per month.