Digitvant MfB says transforming financial inclusion with market-focused products

‎Digitvant, a CBN-licensed and NDIC-insured microfinance bank, said it is revolutionising financial services by actively engaging with Nigeria’s petty traders, artisans, and rural entrepreneurs.

“We realised many in the lower economic strata perceive banks as shylocks. So, we designed loans that protect their dignity and foster independence,” said Rotimi Adejola, Chief Information Officer at Digitvant.

‎Unlike traditional banks, Digitvant said it goes beyond office walls to promote financial literacy and build trust in underserved communities that often view banks as predatory lenders.

‎Rotimi said the bank’s outreach programmes in Lagos markets and rural areas enable seamless account opening and easier access to capital for thousands of small businesses.
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‎”Digitvant’s flagship product, MARKET MONIE, has empowered over 50,000 businesses—including many first-time banking customers—with microloans and credit facilities tailored to their realities.
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‎”The bank maintains constant dialogue with market associations to understand precise customer needs and offers flexible repayment plans that accommodate daily cash flows.

Read also: DigitVant empowers over 50,000 entrepreneurs with seamless access to finance
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‎“We are not an elitist bank; we are a digital innovation with community-driven solutions,” Rotimi added.
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‎He concluded that Digitvant’s customer-first approach aims to protect clients’ dignity while promoting financial independence and inclusivity, with plans to expand services to more SMEs across Nigeria.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.