FIRM LAUNCHES LOAN MOBILE APPLICATION ‘KOLOMONI’, TO ENCOURAGE SAVINGS, INVESTMENT

‘The firm believes that the application, ‘KoloMoni’ will tend to reshape the savings pattern of every Nigerians towards achieving their set goals through personal savings and reduce dependence on excessive borrowing’.

Penpushing further reports that, Alamu noted that the firm is a money lending organization licensed by the Oyo State Government and an affiliate of the association of non-bank micro finance institutions in Nigeria.

Hear him ‘Credit Assist Investment Limited is delighted to announce ‘KoloMoni’, a standard secured web and mobile application using modern and convenient technology to encourage savings and investment in order to foster savings culture among Nigerians and set users on the road to financial freedom.

“Credit Assist believes that ‘KoloMoni’ will reshape the savings pattern of every Nigerian towards achieving their set goals through personal savings and also to reduce dependence on excessive borrowing.”

Penpushing also reports that Alamu pointed out that ‘KoloMoni’ is an innovative and modernized version of the traditional “Kolo (aka Piggybank)” and can be thought of as a digitized Kolo for saving money.

“I am confident that ‘KoloMoni’ is a major way to reduce over-confidence on loans, which often leads to financial disequilibrium. With a wide array of savings plans available in ‘KoloMoni’, our customers will always have more money at their disposal to finance their set goals without sourcing for loans, achieving financial freedom for our customers without deliberating loans was the driving force behind the development of ‘KoloMoni.’

Penpushing reports that, the Director noted that “KoloMoni’ is designed for every Nigerian that has access to a smartphone and enables them to save periodically (daily, weekly or monthly), adding that it also has a large number of benefits for users.

‘Savings on KokoMoni can attract interest rates as high as 15 per cent interest per annum. In addition, these savings are insured by the Nigerian Securities and Exchange Commission through Meristem Trustees.

“The Mobile App also provides a cash reward for every new valid user referred by existing customers. KoloMoni is available for download on Goggle Play store for Android users and Apple store for iPhone users.”

“Credit Assist Investment Limited is a money lending organization licensed by the Oyo State Government and an affiliate of the association of non-bank micro finance institutions in Nigeria (ANMFIN).

Meanwhile, Ambassador of Kolomoni, Rita Balogun while speaking said that the application was designed in order to provide financial assistance to people in rural areas.