Wave Money agents will be able to apply for the SMART Credit loan facility, which requires no collateral but quickly and easily. They can apply online which will be disbursed within one business day. The interest rate for loans is 16%. The loan amount will be based on the agents’ Wave Money transaction volume and since it is applied for online, it will not require going to a bank branch, collateral, guarantors, or extensive documentation. Agents must clear a low monthly hurdle of transaction volume to continue to remain eligible for a Yoma Bank loan, so inactive agents lose access to the credit programme.