comparemela.com


Olumuyiwa Olowogboyega
Share this article
Digital lenders have always depended on data to make instant loan decisions. This year, startups are offering these lenders more data points 
Access to credit is important in any economy because it is how households are able to build wealth and take advantage of opportunities. Being able to borrow money at affordable interest rates is one way you can take a chance on a business idea.
Beyond building wealth, access to credit is a safety net for households that experience economic shocks like job losses or ill health. Despite the importance of credit, data from the Financial Inclusion Secretariat shows that formal sector credit penetration as a ratio of the adult population in Nigeria was below 5.3% in 2017. 

Related Keywords

Kenya ,Nigeria ,Brazil ,Nigerian ,Nigerians ,Deji Peters ,Ted Martynov ,Credit Bureau Association Of Nigeria ,Nigeria Central Bank ,Financial Inclusion Secretariat ,Central Bank ,Bureau Association ,கேந்ய ,நைஜீரியா ,பிரேசில் ,நைஜீரியன் ,நைஜீரியர்கள் ,கடன் பணியகம் சங்கம் ஆஃப் நைஜீரியா ,நைஜீரியா மைய வங்கி ,நிதி சேர்த்தல் செயலகம் ,மைய வங்கி ,பணியகம் சங்கம் ,

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.