Nigerians having a hard time getting loans for personal and business purposes are expected to get some relief with ‘Marketplace’ by Crendly.
The marketplace is launched not only to increase access to loans but also to help empower Nigerians financially and assist businesses to achieve their financial aspirations and independence.
Damilare Odueso, CEO of Crendly, emphasised the platform’s goal of democratising credit access, addressing a long-standing issue in the market, and promoting economic inclusion in emerging markets.
Odueso highlighted that despite Nigeria’s large population, less than 10 percent have access to credit facilities due to high-interest rates and income irregularities.
Crendly’s AI-driven API promises to equip financial institutions with new capabilities by leveraging evolving data trends, enabling precise and bias-free lending decisions for a diverse customer base.
Odueso stressed that the platform offers borrowers unprecedented flexibility to define loan terms or negotiate directly with lenders, challenging traditional banking structures.
“This is more than a technological innovation; it’s a revolution in the concept of trust in finance, empowering everyday Nigerians to become active participants in the lending landscape,” Odueso remarked.
Odueso emphasised trust as a key tool for empowerment, enabling Nigerians to both benefit from and contribute to financial prosperity.
He said, “Give loans or take loans; Crendly goes beyond making credit equally accessible for everyone, everywhere. It is a community that connects borrowers and lenders by following strong ethical and credit principles to help both parties reach their financial goals.”
