close
publisher profit

FairMoney digital bank disburses over N117 billion in loans to Nigerians in four years – Businessamlive

FairMoney Microfinance Bank, Nigeria’s digital bank, said it has disbursed loans worth over N117 billion to business owners and individuals across Nigeria since its inception in 2017

Laurin Hainy, co-founder and CEO of the digital banking and instant unsecured lending platform, made the disclosure during his presentation of the lender’s accomplishments since its inception.

Hainy said FairMoney has promoted financial inclusion through its easy-to-access banking, lending and investing services, adding that its ultimate goal is to use technology to bank the 60 million Nigerians currently excluded. of the financial ecosystem.

“Our approach is to provide millions of Nigerians with loans and capital to meet their immediate needs and in some cases to develop their businesses, and so far we have disbursed over 117 billion naira in loans. from the start, ”he said.

The co-founder further noted that Fairmoney introduced secure and innovative technological processes to improve its lending operations, as well as a strong privacy policy and a comprehensive loan collection policy that has been successfully deployed in over the past four years.

Nengi Akinola, Head of Marketing and Branding of FairMoney, reiterated the company’s commitment to supporting Nigerians.

“For us at FairMoney, the goal is to see a world where everyone has the same financial opportunities and the same support to achieve their financial goals, no matter how big or broad they are,” she said.

Akinola assured that the company will continue to expand its offerings to meet the growing needs of average Nigerian customers.

She also noted that in 2022, FairMoney will introduce new features in its digital application to better serve clients for their various financial service needs.


Source link

Cory E. Barnes

The author Cory E. Barnes