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Congrats on launching. Is your customer base currently in Nigeria or across Africa? Your intro here lists the former while the website states the latter. Also
by Geekette 5y ago
Congrats on launching. Is your customer base currently in Nigeria or across Africa? Your intro here lists the former while the website states the latter.
Also curious as to how you determine sufficient collateral for borrowers and what tools you use to hedge against default: Do you focus on lending to businesses with resellable capital assets (equipment, inventory, etc), setup autopay/direct debit as condition of loan, etc?
- PayHippo 5y agoThanks for the note. You're right there's an inconsistency - we haven't figured out which to say so often flip back and forth. Our customer base is in Nigeria but we know our mission is broader. Per collateral: Our lending is unsecured
- Geekette 5y agoConsider a tagline that incorporates your vision and current mission/status, e.g. "Lending to small African businesses starting with Nigeria" or "Financing small African businesses, one country at a time".