CreditAssist launches innovative saving/investment app

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  KoloMoni as a standard  secured web and mobile application, using modern and convenient technology to encourage saving and investment designed to foster  saving culture among Nigerians  and thus set the   users on the road to financial freedom.

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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