JUMO, a banking technology company that has successfully built a platform to make finance accessible to everyone, has partnered with MANSA BANK and MTN Mobile Financial Services Côte d’Ivoire to introduce a new, short-term credit product to the country’s digital finance ecosystem.
VitKash, the latest lending option by MANSA BANK, is an easily accessible, small-scale loan available via MTN Côte d’Ivoire’s mobile money platform. VitKash will initially be available for a limited customer segment and demonstrates the partners’ joint commitment to working together to enhance financial inclusion in West Africa. The focus is especially on micro-entrepreneurs who did not have access to finance before and would like to develop a positive credit record through responsible loan management.
“Entrepreneurs in the informal sector contribute an average of 60% to the GDP of West African countries, yet less than 15% of them have access to banks as a source of financing. The roll-out of innovative fintech products like VitKash in the region serves to address this issue,” says Bemah Kone, JUMO’s Country Manager for Côte d’Ivoire.
“JUMO is rapidly becoming the platform of choice for large banks to deploy capital to new market segments,” says JUMO’s Africa CEO Buhle Goslar. “We’re excited about bringing our proven business model to Côte d’Ivoire and working with our partners to create positive outcomes.”
En tant que banque africaine innovante et disruptive qui soutient la croissance et le développement sur le continent, VitKash offre à MANSA BANK l’opportunité de toucher de nouveaux segments de marché grâce à la technologie mobile et à ses initiatives en matière de banque numérique. El-Hassana Kaba, PDG de MANSA BANK, déclare : « Notre ambition est de promouvoir une véritable inclusion financière grâce à des partenariats solides, notamment avec les opérateurs télécoms et les entreprises de fintech. »
“Partnerships between fintech companies, financial services providers and mobile money operators are essential to grow financial inclusion and the related ecosystems,” says Lynda Ahui CEO of MTN MFS CI. “This new partnership will benefit all our customers looking to gain access to much needed financial products.”
La technologie de JUMO réduit les coûts unitaires liés à la distribution et à la gestion des produits financiers, ce qui permet aux clients d'accéder à des produits à forte valeur ajoutée à des prix abordables, et aux partenaires de conquérir de nouveaux marchés.