Group Offers Loans To Federal Workers In Rivers

The facility, which targets salary earners, has already inaugurated its operations in Lagos and would extend its facility to all states of the federation.

According to Mr Jerry Osagie, the Chief Operating Officer, Zedvance Limited, the facility is being provided by the company.

He said that Zedvance, a leading consumer finance company, was committed to providing loans in the most efficient and convenient manner through best practices.

He said that as a subsidiary of new-age financial solutions powerhouse -Zedcrest Capital Ltd, Zedvance serviced “a growing number of the Nigerian population through innovative products’’.

Osagie said: “Since commencing operations in March 2014, Zedvance has traditionally provided loans to only salary earners in the public and private sectors.

“With the recent launch of a dedicated mobile lending app – MoneyPal – however, the company is now catering to the lending needs of non-salary earners as it seeks to deepen its financial inclusion strategy across the country.

“With the MoneyPal app, subscribers can request for Zedvance Nano loans -typically low-ticket loans which are payable within a short time; or salary-based loans -of up to N5million and at tenures of up to 24months at amazing interest rates.’’

According to him, the finance outfit’s “investment in digitalizing our business has allowed us to anticipate and meet our customer needs in increasingly efficient ways’’.

“This has also allowed us to disburse loans to customers round-the-clock in a few minutes, ensuring that we are always there for our customers.”

“Our goal is to be a true partner for success – enhancing the lifestyle of every Nigerian by providing easy access to credit through different offline and online channels.

“Each of our application channels was specially made for our customers’ convenience.

“So whether they are requesting a loan to pay for their children’s school fees, their rent or to meet any other need; our customers are guaranteed of  receiving requested funds in their bank accounts in as little as five minutes,’’ Osagie said.

He said: “The Company has come to be considered a front runner in deploying technology in meeting customers’ needs in the Nigerian financial space.

“Zee, its chatbot based application for instance, is first-of-its-kind in the industry and it allows customers apply for loans by simply initiating a chat with 090 6000 3933 on Whatsapp.”

“The company’s mission is to provide customer-centric financial solutions for all strata of the market, through user-friendly technological innovations.’’

Zedvance is currently headquartered in Lagos and has over 300 staff across the country.

Also Zedvance’s Business Head, Port Harcourt, Mr Alban Ebo, said that the outfit currently operates from 72, Stadium/Ken Saro Wiwa Road.

He said the company offered interest rate as low as 3.75 per cent and had done more than 200,000 disbursements.

Ebo said that the company had duly registered with the Central Bank of Nigeria adding that the facility would not put beneficiaries in financial embarrassment.