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Innovation Solution Description
Digital finance solutions for loans and finance.
Qualitative Results of the Innovation
1. Increased access to credit: MIGO's digital lending platform provides quick and easy access to credit for individuals and small businesses that are typically underserved by traditional banks.
2. Increased savings: MIGO's savings product allows customers to save their money in a digital wallet, providing a secure and convenient way to manage their finances.
3. Increased financial literacy: MIGO's services are designed to be simple and user-friendly.
4. Increased financial inclusion: MIGO's services are accessible through mobile devices, making them available to a larger population of Nigerians, particularly those in rural areas where traditional financial institutions may not have a presence
Quantitative Result of the Innovation
1. According to the company's data, since its inception,Since its inception, MIGO has disbursed over $400 million in loans to over 4 million customers, with an average loan size of around $80.
Border Area
Idiroko and Chikanda (Nigeria-Benin border), Mfum (Nigeria-Cameroon border).
Region
West Africa
Organization
Migo
Email: info@migo.money
Tel: +234(0)087792933
Consent/Link
Consent to share form or official link.
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