Sterling Bank Plc has repackaged the Social Lender Scheme introduced last year by increasing the minimum on-line micro credit from N3,000 to N10,000, in reaction to the impressive response from the beneficiaries; the members of the on-line community.
The Scheme was launched in July 2014 and the bank disbursed over N6 million to over 2000 on-line customers.
To date, over 90 percent of the loans have been paid back by the beneficiaries.
Social Lender; the first in Nigeria is a modified peer to peer lending solution using the Social Media Platforms through which micro-credit is offered to members of these communities.
The …Read More
Source:: New Mail
