Bolt and Fido Partner to Offer Loans to Over 2,400 Ghanaian Drivers

Accra, Ghana - 20 June, 2025 - Ghana's ride-hailing sector has taken a significant step towards financial inclusion with Bolt teaming up with Fido Credit to provide accessible and flexible credit solutions to drivers across the country.

This innovative partnership is bridging the financial gap for drivers, who often struggle to access credit due to stringent requirements from traditional financial institutions.

The initiative has already seen over 2,400 Bolt drivers take advantage of the offering, allowing them to apply for loans as business users without formal proof of business ownership. Eligible drivers are pre-approved and can access credit in under five minutes, with incentives such as a GH¢35 cashback for repaying their first loan and a GH¢30 commission for referrals.

A 24-hour grace period before interest accrues further eases the financial burden.

According to Caroline Wanjihia, Director of Rides Operations, Africa at Bolt, the partnership reflects the company's commitment to supporting drivers with fair and flexible financial tools.

“At Bolt, we are always looking for ways to support the drivers who power our platform,'' she stated.

“We understand that access to credit, especially on fair and flexible terms, is a real challenge for many. This partnership with Fido Credit is part of our commitment to removing barriers and giving drivers access to financial tools that support their stability and growth.”

Fido Credit's Head of Business Units, Joseph Maxwell Appiah, emphasized that the collaboration aligns with their mission to make financial empowerment accessible, particularly for workers in the informal sector.

“This partnership with Bolt aligns perfectly with our mission to make financial empowerment accessible to everyone, especially workers in the informal sector. We're excited to see so many drivers benefiting already, and we remain committed to offering fast, secure, and affordable credit solutions that meet their real-life needs.”

This partnership is part of a broader effort to drive inclusive economic participation by leveraging technology to unlock meaningful financial services for underserved communities. 

Source: Lead News Online