How It Works


MONEYMATE is a peer to peer, closed user group, borrowing and lending platform tailored for salaried employees. MONEYMATE prides itself in being an end-to-end financial tech-centric solution offering mobile and bank ready, hustle-free loans and investments. MONEYMATE helps in short-term emergencies like school fees, fuel, hospital bills, transport just to mention a few.

What You Need To Know

  • Your employer recommends you- no security needed.
  • The process is short; simply download the MONEYMATE app.
  • The app is available for download on Android and iOs platforms.
  • You can get a loan in less than three (3) hours.
  • The service is available 24/7.
  • Both the INVESTOR and BORROWER should have TIN numbers.
  • The maximum amount an INVESTOR can invest is UGX 10 million.
  • The maximum one can borrow is UGX 5 million.
  • Investing interest rate is 5% per month.
  • Investment income is subject to withholding tax.
  • Borrowing rate is at 10% per month.
  • You may choose to borrow, invest or BOTH.
  • Phone numbers for both the INVESTOR and BORROWER should be registered in their respective names as they appear on the national identity card and their registered phone number.
  • The currency of transaction is UGANDA SHILLINGS.
  • MONEYMATE is a product of Money Market Gurus Limited and regulated by the Uganda Microfinance Regulatory Authority.

MONEYMATE... Invest or Borrow money in minutes.