A Financial Service company, Crediometer has expressed its readiness to empower market women and bike riders in the country.
Speaking on this development, The Co-founder and Chief Technology Officer, Rasheed Raji acknowledged the financial challenges faced by the informal sectors.
According to him, These individuals wield significant influence in our economy, and our objective is to equip them with the necessary financial tools for sustained prosperity.
The CTO explained that these underserved communities, often hindered by their informal status, encounter difficulties accessing formal credit.
Rasheed Raji, Crediometer’s Cofounder and CTO, expounds, “We acknowledge the financial challenges faced by the informal sectors.
He stated that the company’s approach harnessing advanced algorithms, enables these entrepreneurs to showcase creditworthiness based on their business transactions, unlocking avenues to previously inaccessible financing.
“These individuals wield significant influence in our economy, and our objective is to equip them with the necessary financial tools for sustained prosperity.”
“These underserved communities, often hindered by their informal status, encounter difficulties accessing formal credit.
“Crediometer’s groundbreaking approach, harnessing advanced algorithms, enables these entrepreneurs to showcase creditworthiness based on their business transactions, unlocking avenues to previously inaccessible financing.
“An interesting example are the bike riders, integral players in the gig economy, attaining financial stability can be elusive. Crediometer’s flexible financing options act as a lifeline, facilitating the maintenance and upgrading of their bikes, thereby augmenting their earning potential.” He said.
Speaking also, The Company’s Chief Legal Adviser, Mrs Chiamaka noted that the impact of Crediometer’s inclusive initiatives transcends individual enterprises, extending to fortify the economic resilience of entire communities by nurturing entrepreneurship and fostering financial stability among traditionally marginalized groups.
She stated that the company comprehends the challenges confronting SMEs, market women, and bike riders, adding that their goal is to dismantle barriers, providing financial services tailored to their unique needs and contributing to the overarching growth of the informal economy.
