Fido is a a loan company that lends money to Ghanaian citizens who found themselves in emergency financial situations.
The firm gives out loan to Ghanaians almost immediately after completing their application processes.
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Here are the steps involved in applying for Fido Loan and what you need to have before applying.
1. Download the App
Fido Loan runs on mobile devices only. The application is on both apple store for Apple device users and Google Play store for Android users.
2. Registration
After downloading the Fido Loan application, you will need to Register before you will be elegible to apply for the loan.
To Register, Launch the application and you will see “Enter Your Phone number”. This is the number that will serve as both your login and also your wallet so make sure it is your mobile money number.
You will recieve an SMS confirmation code and once you input that code, you will now be set for your registration.
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3. Facial recognition
The application will require you to take a selfie photo to capture your facial identity. it should be a clear background.
4. ID Card
The application will then request to take a photo of your Ghana Card which should be front and back.
After capturing your card, you now just need to answer some questions and you are good to go. The questions will be about your education and your employment history as far as how much you earn from your current job.
Ones you complete this section, the application will automatically determine how much you are qualified to take for the first time and it will be aproved immediately. The money will then be transferred into your mobile money account.