Nigerian startup SureGifts has launched SureCredit, an online platform that allows employees of approved establishments apply for collateral-free voucher loans. The loans can be used to make purchases, pay utility bills and travel.
The asset financing platform was co-founded by Olaoluwa Samuel-Biyi, Babafemi Lawal and Adeoye Ojo. Users can purchase from over 50 online and offline merchants in Nigeria and pay later over an agreed period of time directly from their salaries.
“We wanted to create a convenient payment plan for trusted workers who want to acquire expensive assets or services, and that’s what we’ve done with SureCredit. It’s simply a platform that lets you spread payments for virtually anything over time,” says Samuel-Biyi.
Organisers say applicants need only visit the platform and check if their respective employer is approved. “Then a request form will be filled and the applicant would know the decision reached within 24 hours,” Samuel-Biyi explains.
The co-founders said the advantage the service has over other means of accessing loan is its low interest; another is its quick application and approval process.
“SureCredit will allow employees to acquire the high-value goods they need immediately without putting too much strain on their salaries,” added Lawal.
Ojo said, “There are existing innovations around credit for services such as phone airtime, and some brands offer payment plans on some electronics and home appliances. SureCredit is similar; only broader, cheaper and easier to access.”
Posted by Janice Johnson (Source: ITwebafrica)
