Monify

Monifi (also called “Moji-online Cash Loan”) is a digital lending app operating in Uganda. The app appears to be operated by “MOJI LOAN DEV” or “Moji Financial Technology Co., Ltd.” according to its website and Play Store information.

What the app claims to offer

According to its Play Store listing and official website:

• Loan amounts: UGX 200,000 – 1,000,000
• Loan duration: 91 – 365 days
• Claimed maximum APR: 24%
• Approval time: as fast as 24 hours
• Requirements:
  • National ID
  • Phone number
  • Stable income
  • Age 18–60 years 

Company details shown online

The website lists:

• Company: “Moji Financial Technology Co., Ltd.”
• Address: Gokhale Road, Jinja, Uganda
• Website: Moji Online Cash Loan 

The Play Store listing shows:

• Developer: “MOJI LOAN DEV”
• Email: mo*****@outlook.com
• App name: “Monifi” 

Important things to know

I could not find strong independent verification that the app is officially licensed by the Bank of Uganda or publicly regulated as a supervised financial institution. The app claims to be “licensed,” but users should independently verify this before borrowing.

Online complaints and risks

There are many discussions online in Uganda about aggressive loan apps generally:

• harassment of borrowers
• calling contacts
• public shaming
• very high repayment amounts
• hidden fees

Some Reddit users warned about digital loan apps in Uganda using intimidation or abusive recovery tactics.

Before using any loan app

Check these carefully:

1. Is the lender licensed by the central bank?
2. Is the full interest rate clearly stated?
3. Does the app request access to contacts/SMS/photos?
4. Are penalties and fees transparent?
5. Are there many complaints about harassment?

Safer alternatives in Uganda

More established lenders in Uganda include:

• Numida Uganda
• Unifi Uganda
• MOGO Uganda

These companies have clearer public presence and business information.