CreditAssist Investment Limited, one the fastest growing financial organisations in the country, has introduced a micro saving device mobile application Called ‘KoloMoni’ into the Nigeria financial system for public subscription.
Speaking at the official launching of the new product on Friday, held at Davies Hotel, Bodija, Ibadan, the Executive Director of the investment limited, Mr John Alamu described
According to him, ’KoloMoni, ’ if subscribed to, would reshape the saving pattern of every Nigerian towards achieving their set goals, through personal saving and also reduce dependence on excessive borrowing, adding that it is a digitalized version of the traditional method of saving.
He said KoloMoni was designed for every Nigerian that has access to smartphone or android phones, as it will afford them the opportunity to save periodically, daily, weekly, or monthly, adding that the facility has a large number of benefits for users and that efforts are ongoing to accommodate all our market men and women in various trades, irrespective of their educational levels. He also assured the general public that KoloMoni saving scheme attracts interest rates as high as 15 per cent per annum and that the customers’ funds are fully secured.
“ He said: Meristem Trustees holds all invested assets on behalf of savers. This makes your money absolutely safe. Moreover, Meristem Trustees is registered with the Securities and Exchange Commissions (SEC). Your funds are insured by these bodies. We partner with reliable commercial banks in the country for saving efficiency. If registered, you can fund your account via your debit card, bank transfer and you can also withdraw through your bank.
“ KoloMoni is a product of CreditAssist Investment Limited, Ibadan , a money lending organization, licensed by the Oyo State government an affiliate of the Association of Non- Banking microfinance institutions of Nigeria, regulated by the Central Bank of Nigeria, with a vision to facilitate financial solutions to alleviate poverty and promote entrepreneurship development in the country. We run different financial services ranges from fixed deposit investment, Money Merchant Agents to loan services. I will enjoin all our youths in the country at all levels of education and trades, to key into our financial programmes to be independent economically. It is a digitalized or online saving platform which has no distance barrier, as you can do any financial business with us via online and banks.”
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