TO further optimise its business strength and expand scope of operation, RenMoney Micro Finance Bank Limited has unveiled its new retail branch in Lagos.
According to the bank, with its branch located at CSS Bookshop House on Broad Street in Lagos, the branch would serve as convenience for customers to easily access their facilities and acquaintance for personal relations.
Speaking at the commissioning, Founder and Lead Investor of RenMoney, Stephen Jennings reaffirmed the company’s vision for consumer finance in the country, adding that there is massive opportunity in Nigeria.
The Chief Executive Officer, Graham Lee explained that the increasing demand and the need to satisfy customers have been behind the expansion.
“Our vision is to be the dominant consumer finance organisation in Nigeria and to take the module Pan African, over the next 12months we would be building towards that vision; we would be solidifying our position in Lagos, building our brand and taking the vision to the rest of Nigeria.
“We are focused on providing simple money solutions to individuals and those individuals may be starting businesses or continue to finance their businesses. The important distinction is that we are focused on the individual. We know individuals have needs for their money; we make sure we understand our individuals well with our process, with our world leading module analytics application, he said.
RenMoney serves a fast growing customer base with an array of products and services aimed at providing simple money solutions to customers. Some of the services include: Unsecured Loans, Fixed Deposits and Target Savings among others.
The company currently holds a State microfinance-banking license with the hope to seek a nationwide license within 12 months.
