Tuesday, April 18, 2017

Lidya:first Nigerian Digital Bank is giving out loans...

Lidya is a Nigerian Fintech Company that has revolutionized banking.It is the first Nigerian digital bank that has no branches.It gives out unsecured loans to entrepreneurs of about $500 and $15,000.
The founders,Tunde Kehinde and Ercin Eksin both former Managers of Jumia and currently owners of African Courier Express.
It gives out loans on a '"credit score basis". When a customer applies for loan,it is evaluated,if he/she qualifies,a loan is granted within three days.Since it's inception last year, it has registered over 20,000 businesses.

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