Egoras, as we already know is a non-collateralized micro-finance organisation bent on giving financial support to small and medium scale businesses that out of fear of refusal do not want to take shelter from banks. Since its inception, egoras has the experience and upward movement in terms of growth as seen on the chart below
From the chart above egoras granted loans has increased geometrically from 15% to almost 40% since inception. We now have welcomed clients from various vicinities to benefit from our offer. The loan repayments to has been fantastic due to the 2% interest rate. It’s indeed very flexible
THE KNOW YOUR CUSTOMER CONCEPTION (KYC)
Truth be told, in every organisation someone would want to game it. This is the major if not the only challenge faced by egoras. Poor return of loans and false address and address verifications etc. by a few individuals. Egoras has devised better means of handling customer’s KYC to prevent the mitigation of funds and leakages in the system and to flush such bad eggs away to continue building a sustainable ecosystem.