Fintech firm launches zero-interest funding opportunities for Nigerian businesses

Egoras, a leading Nigerian fintech startup, has launched zero-interest microloan services to provide simplified financial solutions to small business owners.

This is with the aim of increasing financial inclusion and access to finance for Nigerians for personal and business needs.

The strategic launch of Instant Interest Free Loans aims to revolutionize the Nigerian financial ecosystem through the introduction of a new business model that thrives on securing fairly used assets such as electronics, furniture and others types of household assets.

Commenting on the launch of the interest-free instant loans, Ugoji Harry, CEO of Egoras, noted that the recent development reinforces the company’s commitment to meeting the financial needs of Nigerians by leveraging the latest financial technologies.

“Our vision as a fintech company is to build a digital ecosystem that thrives on blockchain technology that enables Nigerians and small businesses to seamlessly access instant microloans. We aim to promote economic growth and development through Nigeria, including the African continent, through the creative elimination of financial institutions that make access to credit facilities difficult due to high interest rates.It is in this context that we have developed a unique system centered on the exchange of used assets for repayment to support the growth of Nigerian businesses, especially unbanked or underserved communities,” he said.

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Speaking on the development, Moses Mudiaga, Media Director of Egoras, said the business model adopted by the organization would redefine the operations of the financial ecosystem on the African continent, particularly in Nigeria.

“For us at Egoras, we truly understand the pain points of Nigerians, especially small business owners, who are frantically trying to access microloans to meet their private needs or to expand their business ventures. It is on this basis that we have designed a bespoke microloan program that aims to support Nigerians and small businesses through the provision of zero interest instant loans with a flexible repayment plan,” he said. .

Egoras is a fintech company passionate about building sustainable credit systems using blockchain technology to facilitate the execution of low microcredit transactions in Nigeria and other African countries. This is to enable small businesses to access credit facilities through a decentralized financial process.

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