XchangeBox Dey Change Game for Naija Small Biz!

My people, make I gist you how some sharp naija guys don dey use tech help small businesses shine. Dem call am XchangeBox, and na im dey bring new wahala for traditional banks wey no wan lend money without heavy collateral.

XchangeBox dey offer trade-based financing wey no need that long credit history wey bank sabi like am. Na Abiola Jimoh, di CEO, talk say na structure of delivery be di koko. E talk say most banks dey focus on collateral and long bureaucratic process wey dey make am hard for grassroots businesses to collect money.

As we sabi, farmers and small traders dey feel am well, e be like say dem dey cry for help. Dem dey wait like say na ‘magic’ for dem to receive payment after dem don supply produce, and this dey make dem turn to informal loans wey dey carry high-interest rate like say na film.

Jimoh talk say delayed payments na the real killer for small businesses. E gree say, “During dis waiting period, farmers and suppliers still need money to operate. Our platform allow dem to continue dey chop wey e no go rely on wahala loans.” Na so XchangeBox dey use transaction data and supply chain information to assess risk and lend money based on the real hustle of di business.

But wait, e no stop there! XchangeBox no dey forget women wey dey hustle for di market. They don launch “Kidashi”, one special program for women traders o. Dis program sef dey supported by big big organizations like Gates Foundation and CcHub. E dey allow women collect loan based on wetin dem dey sell regularly. Jimoh dey quick to notice say women wey dey lead for agricultural value chains dey always pay them loans well.

Jimoh drop am say, “With this structured access to finance, we dey help them grow their businesses and manage their money.” Na wetin we dey call smart thinking! Dis fintech na no be the regular payment platform, dem dey focus on trade financing wey fit support production and growth. E dey clear say na wetin dem sabi best.

XchangeBox no dey stop for di hustle for urban areas alone, dem dey enter rural areas too. Dem sabi say limited internet and light dey cramp people hustle, so dem combine their digital platform with physical presence through cooperatives and partners wey fit reach rural farmers and traders wey need di cash.

Jimoh dey look di future bright, like say e don see am clear. Him expect say XchangeBox go become big player wey go help millions of farmers and small businesses grow. Him talk say, “In five years, we go want make sure farmers dey produce wit confidence, traders dey scale without wahala, and value chains dey run smoothly.”