Browsing Tag

individuals

15 posts
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FirstBank’s ₦1 Trillion Digital Loan Disbursement Milestone and the New Era of Inclusive Lending in Nigeria

For decades, Nigeria's credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the script. With the launch of its digital lending model, the bank eliminated collateral requirements and slashed approval times from weeks to under five minutes. Loans now flow through multiple channels including *894# (the Bank’s USSD service), FirstMobile, LitApp, and the FirstMonie agent network, reaching market traders, civil servants, rural farmers and everyday individuals.
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Faleke’s free medical outreach has provided benefits to over 6,000 individuals -DOTMA

Dr. Joseph Kigbu, Head of Medical Team at Doctors on the Move Africa (DOTMA), announced that the Rt Hon James Abiodun Faleke's Medical Outreach has provided benefits to over 6,000 individuals, with only seven days remaining until the culmination of the sixth edition of the annual healthcare initiative.