Aledin is an indigenous Nigerian company which aims to facilitate access to affordable Nano-finance tools to Nigerians excluded from formal credit. Aledin has formed strategic partnerships that enables them immediately and efficiently target customers who are available on their partner platforms, offering loans at interest rates significantly lower than existing market rates. They use predictive analytic through information technology to determine credit worthiness.
Aledin Group aims to provide innovative solutions for the daily financial needs of modern life, especially to the people under-served by mainstream finance.
What you need to know about Nano Credit by Aledin Group
Nano credit is a structured digital financing service targeted for small amounts usually lower than the micro-financing loan brackets. Credit is traditionally given on the basis of ability to repay loan and presence of a collateral should repayment risk crystallizes. However, Aledin Nano credit using predictive analysis to determine customers borrowing eligibility based on factors such as character and capacity to provide small unsecure loans to mobile customers.
This unconventional method of determining eligibility allows for timely decision making, which significantly increases speed of disbursal faster than other sources of finance.
Nano credit drives financial inclusion as it requires a user to be an active mobile money user to access the service. This ensures that borrowers who currently do not have any sort of banking relationship would opt for a mobile wallet to be able to access the service
Aledin Nano provides this service by plugging in to mobile telecommunication networks and banking platforms and extracting a wide range of data from these various data pools to be able to provide people with minimum amounts of advances, cash advances and payday loans. Using predictive analysis to determine customer eligibility and amount to be disbursed, optimising cash flow based funding decisions, we reduce lenders’ risk and increase approval speed through an automated process built on sound algorithms focused on meeting the daily needs of customers while achieving financial inclusion.
For more information about Aledin group and products contact the business development Manager