Richard Elesho
A microfinance bank, Digitvant, says it is revolutionizing financial services through vibrant engagement with Nigeria’s petty traders, artisans, and rural entrepreneurs.
This was disclosed by Digitvant Chief Information Officer Mr. Rotimi Adejola in a recent engagement.
According to him, “We realized many in the lower economic strata perceive banks as shylocks. So, we designed loans that protect their dignity and foster independence.”
Mr. Rotimi said the bank’s outreach programs in urban markets and rural areas allow for seamless account opening and easy access to capital for thousands of small businesses.
”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.
”The bank maintains constant dialogue with market associations to understand precise customer needs and offers flexible repayment plans that accommodate daily cash flows.
“We are not an elitist bank; we are a digital innovation with community-driven solutions,” Rotimi added.
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.
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