Nigeria’s Renmoney set to improve loan access with mobile centres

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Renmoney, a Nigerian financial technology firm, said it has begun establishing mobile centres across Nigeria. The firm said the initiative will bring financial access closer to current and prospective clients.

According to Renmoney, the mobile experience centres will deepen financial inclusion and improve lending to individuals and investment in small and medium enterprises. The centres will help customers complete end to end transactions at their convenience.

The company noted that the mobile experience centre will move across communities in order to bring credit opportunity closer to the public.

Head of Sales at Renmoney, Iyayi Oludapo said “these mobile centres were built to provide easy access to people who need to reach us, without them having to travel too far”.

The Chief Executive Officer of Renmoney, Oluwatobi Boshoro, who noted that the company will continue to prioritise innovation in order to improve its services, said “as a business, we are continually addressing barriers to financial inclusion in Nigeria and we will continue to find innovative ways to deliver the best service to our customers”.

Boshoro, who was appointed in November 2018, stressed the need to simplify access to credit facility for salary earners and small and medium businesses seeking funds to meet immediate needs.

Renmoney, which operates with a Microfinance Banking license in Lagos, Nigeria, provides loans to individuals and small businesses through its website, contact centre, agent network and branches. The company also offers market leading rates on Fixed Deposits and Savings accounts and is regulated by the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation (NDIC).

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