This was in a bid to enhance financial inclusion and access to funding for both personal and business needs of Nigerians.
The strategic launch of the instant interest-free loans is aimed to revolutionise the Nigerian-financial ecosystem through the introduction of a novel business model that thrives on the collateralisation of fairly-used assets such as electronics, furniture, and other types of household assets. This is meant to provide instant credit facilities to the unbanked and underserved persons within the Nigerian financial ecosystem.Commenting on the launch of the instant interest-free loans, the chief executive officer of Egoras, Ugoji Harry, noted that, the recent development reinforces the company’s commitment to cater for the financial needs of Nigerians by leveraging on the latest financial technology.
“Our vision as a fintech company is to build a digital ecosystem that thrives on blockchain technology which empowers Nigerians and small business to access instant microcredits seamlessly.” We aim to promote economic growth and development across Nigeria, including the African continent, through the creative elimination of financial institutions that make access to credit facilities difficult due to high-interest rates.
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