Early in the morning everyday before going to work, Mojisola goes around the markets in Ibadan to buy up nylon bags for her business. Mojisola dreams of growing her business but she needs more money to do so.
When Mojisola learned about SympliFi on Facebook, she was skeptical. “You know there are so many online loan stuff: they are fake.” With SympliFi, she saw that her friend in the U.K. could help her access a small business loan and earn cash rewards in return for helping. After visiting the website to learn more, she decided to give it a try.
With the help of her friend in the UK, Mojisola received a low interest loan from one of SympliFi’s bank partners in Nigeria, within 24 hours. She used the funds to buy more supplies for her business and increase her revenues for the month.
Mojisola is on her 3rd loan with the bank and has increased her credit limit every cycle, giving her access to more working capital to grow her business. Her friend has earned nearly £10 in cash rewards and counting, for helping.
Today, Nigerians and Senegalese living in the UK and EU can use the SympliFi App to help people in their communities back home get access to affordable credit to grow their businesses and improve their livelihood, and earn cash rewards for helping.