Democratizing Access To Credit For Digital Natives

I focus on good evening. Wherever you are listening in, if you're from Nigeria, the America, South America, wherever you are, welcome to a Twitter space with me khalu Aja. Here we talk money, finance and of course the economy, but we want to make it personal. How do all these concepts affect your personal wallet? And today we are talking about credit right credit, personal credit, business credit, but we're doing not focus more.

I believe on personal credit. Just to give you some background, the figures for Nigeria are abysmal. I saw at that's a point from the Enhancing Financial Inclusion and Access in Nigeria. That's an organization that tracks financial inclusion in Nigeria and they posted that I believe the amount of Nigerians that have accessed credits i e. The amount of adult Nigerians and the banking population as accessed credit was

below five percent. If you take a total number of Nigerians that can have a bank account, less than five percent have accessed credit since nineteen sixty. I mean that's not gonna That's a point that's really like a that's really a drug on the economy. Without credit, we all know you cannot grow the

informal sector, especially sames that need credit at that level. And also now that we have the economy and the demographics of who we call a worker changeing where you have workers working across boundaries, across countries, no sell remote work and all that no COVID has introduced. We now have a different kind of

workforce using different kinds of needs for credits. Right, So it is a good idea to talk to one of the providers, know the guys that are in the space a bit a fintech, to get their perspectives, you know, and then see what they are doing can impact we as the consumers and of course the same folks how we can impact us and hopefully grow our business. So my pusure to have the guys from cabin here with us. You needs to talk about the admission on how they want to recognize the banking landscape.

So let's get them on here. Hey, cabin, Hi, guys doing Okay, guys, you gotta hit their own mute and then you got to speak, so before they get that sorted up, right, So let me lay it out for you guys again, you cannot look at any economy anyone right where there is no access to credit and you see the GDP growing or wealth increasing. Literally, if you plot Nigeria, if you plot Nigeria and you look at where credit is given and where the GDP pack capital is

high, you see a correlation. So you see legos where you have a larger concentration of bank banks and banking services has a faster growth in terms of productivity and in terms of personal world creation. Then say other states where you don't have a large number of banks. Literally, there are some banks in some states that are just what we call deposit collectors. And then you come

to some states where we have credit creators. Whatever creates is created. That's where you then have wealth being created and banking in the injury of it. I don't think it's banking creating Niger has been done by banks. Now we have the thinter guys coming in, like carbon coming into the offer credit. It's a very very important you know, in development. Without disseminating credit to the middle the small medium actuisted micro credit, you don't have an economy.

It's us that simple. So it's very important. Like whatever the government does or that the CBN does, they're able to you know what you say on shackle the financial landscape to allow more players deliver access to credit. Its all called the funcion inclusion. Deliver access to credit right to the population. So I'm waiting on cabin to on mute so you can get this conversation started. I want to learn a lot more about them. I see them on the

space. Once they're an mute, I give out the mic and that we can get going. But for now it's going to talk. You know my thing, you know, wealth creation is now it's you. You can have all the goals you can have, You can have all the means, all the research, but without that access to credit, you really aren't going anywhere. A startup in San Francisco can get credit. So their failure is not because they don't have credit. The business idea could feel. But the best

business idea in Nigeria can't get credit. I don't give you guys. It as a point less than five percent of Nigerian's Nigeran banking population since nineteen sixty has not been able to access credit from a bank right. So what that means is that we've cart then creates non banking alternatives to get in credit. Just today I put it on my handle. How startups can get credit. Startups should not go to banks for credits. Banks are not designed for startup

finance because bank loans are short term and are quote are quote expective. Banks are designed for your working capital. You have a need that are going to get cash soon. You go to a bank, you take that loan. You're cleaning up right. You don't take a bank loan to start a business. No, you use your family and friends, use your own capital. You use equity, long term equity. That's how you start a business, not with a bank loan. So we want to see more of So let's

zeem. You now have the equity from your business. Your family give you some money, your friends give you some money. You sold your car, sold your line that you then start this business. You then have a contract or you don't have a pitch jore you're going to do and if you do that contract with that pitch, you then't get payments back saying ninety days or one eighty days. That's when you go to a bank to finance that transaction because it's more of short term, right. So you do a line,

you can use your credit card if possible. That's when you use a bank loan, but to set the business up, to hire people, to get an office, to buy your equipment. Be careful about going into the banks. There's nothing wrong with the banks. That's what they're designed to do. Banks don't finance startup. Their deposits are short term. They are there to help you who can capital air equity, from your family, from your friends,

from seed. That's how you find the startup. And if you look at all at seed round seed abced all have different classifications when you can get them, when you can get them, and how you should use them. But you do not want to use short term high interest bank credit before then? Get alone? All right, folks, I'm not seeing cabin on me, so I'm also going through the floor open guys. If you have a question, we want to talk back credit, I can do that for you.

Let's see what I can do. Are we seeing what's happening in the Niger banking sector? Guys? I see what's going on right now? Well, have we've gone from the floating exchange rates to what we have right now? How is that affecting your banking? Is it better for you if you go to your bank? Are you able to get alone? Yeah? That's also a topical because about next week. But I'm here, let me go to my DMS and see if the shy folks. Okay, yes, someone

is asking what is a native? That's what I want Cabin to answer. What's a digital native? I understand that you mean in the current work environment where you are doing remote work or you're walking bound bound borderless. Right, you're walking Nigeria. You're getting paid by someone else in a different country. Essentially, that's basically where that's basically where that company if you're a native. Yeah, okay, hold up, I'm going to remove these guys from a

host. So if you're a host, you can speak. There we go. So I'm gonna put you guys as speakers and hopefully you can accept. We're waiting on you, guys, so don't keep us waiting. Go ahead, Caban, accept the invite to speak, and then just get right in here. But let me go back to my DMS as usual. So that's why I think a Dutel native is. But I'm not not a tech guy, right, so the tech folks would come up and would be able to tell us what its alternative is. But look at it. This week,

I got a a DM from a guy I think was this week. He walks in Injuria. He ends net net twelve thousand dollars net every month. That's where he net every month. But he's living in Nigeria and he gets that money when he comes into a foreign work account and they can get access to it to change in Nigeria. That sort of guy is what you're seeing

now. At the norm in Nigeria were lots of it. Folks are now applying their trade across borders, getting paid in different jurisdictions, and those funds or those kind of workers are not going to go to walk into a Nigerian back and say I want to take a loan because they don't get it. They don't get paid in Nigeria, right, so you can't do a replication of income sick with Nigerian sources. You might have to maybe right to the US time. But still he's an outsourced guy. He's not a staff,

he's not an employee. He has no credits or he has no no pay slip. You know, he wasn't employed. It's a gig economy. He does this. He gets paid where he's on a long term you know he's they've held them for a long term and he worked with different employers. So that kind of guy walking to a Nigerian bank, right, how does it get credit? That's the whole idea. How does he get credit? This

is what we really we are going to talk about with cabin Right. So if you come to situation and a jam bank, don't ask you what's so collateral? What's your source of income? What do you want to use to the funds for? You might be feeling an application. It goes to a human to approve it and then it comes back to you. But we want to democratize that credit, you know, to make it When we say what democratization, you know what it means. Now take it down to the root

level to make it easier for this class of folks. Right, that class of folks we want to walk into back and say this is what I do. This is a new economy and I'd like to get credit to do this. We may buy a computer or a server. How can you help me? Now those loans, We want those loans to be faster, Right, I want approach to be faster because it's more targeted and we want to get that is listening to us to understand exactly what we are asking him to do.

So when we tell him work for two or three employers, he understands it is a power gig. He knows we don't have a collateral, that our collateral is our pay slips, and we don't have to be an employee to be quote unquote earning from the company. This is what we want the new and emerging we save providers of capital to understand. Banking is not going to be the only the only way that you get loans in Nigeria. Right. Banking is just one one part of the way you get financing. Banks

are not the only source of funds in the country. They're just re save the biggest and most visible. We have to then create all the means where we are able to then access credit, especially in this space that does not have the conventional means to a show that the earned income. So I'm trying to say in simple English, is this, if you are a digital guy or you work in a gig economy, is very very difficult for you to get a bank loan because there are policies or proofers are not set up to

approval bank mode for you. Hence, when we see folks like can't coming with new products that perhaps to address that gap in the market. We're very, very interesting, and I'd love to have them on here. I can't seem to find them so hand on, guys. I mean, I'm here. I can talk all topics, but I want to talk this particular topic with this folks. If they don't show them money too. If someone pop and ask the question, show I'll answer. You. Guys got me here,

so I'll answer. Let me look, um, please advise me on how I can own a home the next ten years, he says, I've done my first year. Let me see as a professional engineer. Okay, I'll tell you if you want to get at home. The question is in what country? I got cab On here now, so sorry, I'll come back to you. Hey, how you don't wrot cab On? You may keeping us waiting? What's happening? I'm good, commission, excellent, excellent job. All right, So we'd solved the waiting community and I don't get

you started. Everyone. My name is Rianna. I am a product manager at cab all right. So I've been trying to not tell people without telling people too much about what you guys, I wanted them to hear it from the carbon's mouth, right, So what are we talking about today? What is this thing you bring to us to be legal to be more insights exactly

what it is here? Sure? Um in thanks, I overheard your conversation parts where we're trans working, um, and so before I give a full discousure of what are we about just to be background carbons mission is pretty much simple to be everywhere our consumers cool and play fundamental roads in your lives. And how do we do it is? One of the ways we do this

is the providing very first utile coal distribution for their unique financial needs. And on this space we are going to be addressed and how carbon can be a very quality tool to access credits for young people, distilatives and upporting mobile professionals. Excellent. So talk to us about why you inspire to do this.

I tried this feeling for you, but talk to us. Why you're doing this is because it's there a gap in the market or too because you have a product that's really like set up for this to talk to us these yeah, thanks, so yeah, why exactly we're doing this. One of the things we realized before we started pulling out credit facilities. As we began to transition into a digital bank, we realized there was needs with our kind of

users. And so when we checked the Daila country kind of users that make us of Carbon, we found out there were middle class, there were young people with digital natives, and what they needed in addition to their usual cycle income was credit facility. And what Carbon is doing is we are providing access to very stress free and simple credit solutions for these users. I like that world you use cycles at again? Please you? Is that cycle income?

Yes? Cycle income? What does that mean? So one of means is if if if you you'll beat in twenty five to fourty year old, then

you have your job. Often the note your income comes in, I mean some people got paid yesterday, so we're going to pait this is we beat in the twenty ones, twenty twenty seventh, and so between the first of the month and sometimes the middle of the month with real less most most young people, most people and paid employment seem to be out of of more your income and so it will be great to have in such periods you have access to credit facility. Gotch so small ass I get my in my income,

but because of expenses I'm running low. You guys can step in undo that working capital bridge pretty much pretty much? So is this targeted talked off? Who is the sound native? Let's help from you. Who's the town native? All right? So yeah, thanks coming for us. What we call a digital native in in in the context of the Internegerian context. Now, someone who grew up predominantly with access to technology and definitely information agent and have

access to technologience fingerpiece. Yeah, and so we classify those people as digital natives. Ratcha. So this is like a tech brow tech girl and all that. So do they have to live in Nigeria or this is like who is the demographic of give me a demographic? But um, we don't necessarily have to be in temptable. I think it better put us tech salvy access to I've got great Internet presence and god access to pretty much comfortable with the

Internet with technology generally as situere. And so that's a typical kind of user define that you're on this spiece listening en shows that your conversation with use of social media and you some sort somewhat away to join this kind of space on finance and so for for demograph will be young people between a preferred between it of twenty five to forty. And I've got great social media. I will as pretty much socialist survey man. I've got access to to to go about

a man about the internet. So that's how that's going to classify or decitative in this context. All right, So now listening, you don't have to be in Nigeria, and it's not compositions benjury or it's limited to just folksy Anguria. Gotcha? So let me let me use myself. Let's say I'm in just Platefu States, right, and I am a twenty a thirty year old guy. I work for I do it and all that. So what

would you guys use in terms of criteria and processes? If I want to get a lot of CE fifty thousand myra it just gave it's an emergency in to buy a new laptop or whatever that broke over the weekend, how would you guys cry, what's the criteria? Was the process? What do I do want to? Three four five? How the work? Yeah? And very simple steps and how to in this particular case, how do you access credits and your access of credit fascuting? Very simple? You depending on what

device you're making use of. If you Lenadroid and IRIS, you go to replacetore, you download carbons up and you complete your registration, which is quite simple. Um once you once you don't with your registration, you and your particular about getting the credit. FIRSTLAS, we need to have basic credits assessment on and which is either with you submitting your BV and or your bank statement

and devision. Why we're asking for this is so we can able to just dodglass and for assessment on I end and from there we are able to offer you credit fascuting just simple steps. Again, your dial up, you sign up and you complete your kwise UM to a significant level. There you can access credity. Do you guys pull my credit score? So I didn't get I said, do you guys pull like my credit score? I know there's a credit scoring nine jun. Now I don't pull my credit score to give

me it's not going to be a factor. Well yeah, get decimated out. Don't play control um in determining the volume or how much you're going to get access to. Okay, so I wanted in this case fifty thou nira right, do you have like an income LEBT? I have to be on to get this stuff now? Or how does it work? Is it that if you get my baby and do you use my income to just find how much you give to me? Or is it more like credit? How does how do you know how much you give to me? All less? So

you're breaking up a bit? So, um, I think it broke up? Can you get here? You've broken a bit back? Okay, so let's just um dive in here. Hellosa, I think it's got to discuss some tech issues there? Let me can you hear me? I can actually I can actually hear you. Go for it to hear you. Yes, I'd ask the question and you can hear me. I'd ask the question. Right, So if I give you my baby and right, and I want

to get fifty thousand a loan? How does that work? Do you look at my income to determine how much you give me as a loan or my assets? How does it work? Like if you could share just be the internel? How does it work? Yeah? So for you to get fifty thousand ear alone? Now, um, you've we've got a variable post credits assessment process. And in addition to like you made mention o giving and we would require you to provide your bank statement, and this we give us a

rowth ideas to your to verever your income. And more importantly, we also adopted that to income ratio, which is two measures our customer ability to pay back and without putting it in such a polison manner. And all of these points, all of these factors come into play when determining how much how much you can get access to actus. I hear you say that income level. I he you say income. Those are two big, big things that we're going to focus on if you don't get it, Alane, right, So

my most important question is what's the interest rates I would pay? You know, I would use what ap are bolendos is as interest rating. And what would I pay if I would get a non office How much do you guys charge me? And how long could I Yeah? So for fully interest rates. It's really dynamic in the sense that for every customer we will developers common with develop an Internet income model. And what I thought is that the different

factors are conting to play when determined the interest for particular facility. So for example, you employment, I I recommentary, the customers reach level, and more importantly, the their income level. Pretty much continue to play when determining one delinete and as such, interest tie level on that. The reason why we do this is so that it doesn't we don't have um it's a situation where we get to give customers amounts of money they are don't able to pay

back. So yeah, interest level is quite interest on each loan is the dynamic complation. Yeah, but what what's the what did you guys have a minimum maximum cap? What's the how does it work? Like, there's a question, there's a question. I've got into just two I don't know. Okay, I know a bank, I know what a bank will charge me. So what's the range? Like if I got excellent credit, excellent income, you know, I eat my conflicts and everything, what would you guys

charge? So? Yeah, So a good example is one of the products and college product called Cabot zero and for the particular product and you would you would go online and you realize that it's interest free and we do not charge interest on it is sero percent interest in market basiness. What is charged there is five percent processing fee and so for such credit fascility right night. Interest So what I'm saying there is it could be as slow as three to five

percent. But primarily we do not charge a fixed income. We do not start a fixed interest on this facility. Yeah something, because the reason why I'm asking is I don't want, you know, to be pulled again into a loan. Loan should say what's called loan trap? I would because the guy you've mentioned, these guys I work with this cycle income, right, they don't get their income's monthly. They don't usually get paid mons by month, right, So we've got to be careful that if a guy is getting

this income, you know, gets it paid once per gig. You know, he's not paying this fixed income. You know that it's into his own principle. He gets money maybe in December, but in April he doesn't have money. And if it's paying that you know, fixed charge, it might be a ask this question to get the real cost of the loan. I love the loan. It sounds like it's it's a targeted way to get funding to that class of demographic. But the cost is going to be something that

I really would love us to land on if if we could. I hear you said the zero percent, but yeah, yeah, so full for a New years that a sizeable commons right now, you can get credit fives lows five percent five percent All right, guys, you've heard him say that five percent for users that signed up with you. Okay, So in terms of if he added other pecks for me, if I take this loan, can I repay on time? Would you, guys channing? If I repay on time? If I got the loan, I would think I was going to

pay two months, but I don't like my credits. Maybe next week and I repay on time? Is there a fee for that? Do I get bonus point in nis at work? So if you take Happens Roolan or any other loan on the platform, nobody charges you for paying on time. If we get through right, they are no penalties if you pay a time or any of those. What how it works is in area like like an Alia shared, we try as that as possible to have a very while it's quick,

we ensure it's very detailed. Credit assessment. Don't on each user for each real application. And I thought, we endeavor not to give you a quite fastest that it's going to be a boarding to you. And so when it's a period of a payments, you don't have to struggle with it.

However, life happens, things could be very difficult and give it a very very volati society, and anything could happen, and as SOUCH, you may not be able to meet up with the payments, and there we put a very small charge for you if you're able to meet up with your payment as initially agreed. So we just don't Okay, okay, I hate you. I hate that. Let me show you a curveball. This just I'm only

asking this because this came during the week. The CBN has asked um a fancial institutions to collect a lot of data from their customer's going forward, a lot of data phone number, residential address, place of births, BVN. I mean they're asking for social media handle and everything. So let's come to carbon right in terms of data collection, data privacy. And you're gonna look at my BVN or before even asked for that. How safe is it?

You know we're all the detailed now if I give my mention of the carbon, how safe is that? And that's a good that's a good question. Um. Like you actually pointed out to church yesterday was so the you went around an internet where the CB and expanded third um the collection of social media Andrews and so this is a really force a common We're really careful and particular

about this data for my users because they're given in trust. And so yeah, for the question of data curvacy and security concerns for users in the financial service space or banking space, we ensure that carbon and we follow the best practices and standards with data privacy and work very closely between creators. More important, we ensure that the data that is given in trust by users are not diverged. We are also put in place very strict standards, including GDP and

PCL. This distensions. We're in peace with the highest level of standards and ensure that these users. Let I said, these data is not shared or average with third parties. I get you. So like any of the states, if I give them my information, they give me the one policy that says I can sign off if all my information shared, they destroy my information up place a number of years and not shap nite. I have those positive piece work and say I don't want my effoations shared and I should be destroyed.

I'm not shape. We haven't asking that question. I'm just seeing a dortunit. That's a more united that says information collector has got to be destroyed or this is how we should be used. But it's what noting that that's something we can, you know, talk around as you say, right, so someone's asking me a quick on them to just get that cost to someone's

asking do you do educational loans? But the specific questions i' wanted to address that if you could, if you do educational loans, or if it's going to fall under this this category more less for now, at CARBON, we do not offer educational loans. Okay. However, we also have all the loans that can suit the purposes for education. So once you sign up a CARBON, there are several loans or qualifiers to which you can gain access to, which is somewhat also to the work of the medication alone. Okay,

and this is more so since you said you don't offer educational loans. So are these are mostly personal loans and lines of credit? I eat what cabinet is offering. Yeah, okay, so I think if I think the personal loan, do you does the objective if I say I want to use it for X. So I'm telling you what I wanted to lean for if my income is book, I go take a loan from you guys and say it's personal reasons. That why, very very very straightforward us. That kind of

we do need to be particular about to do isn't much. You provide us with a required uh verification documents, your bank statements, your ving and verify. You've got a good credit score and you got a good assessment, you have access to take credits to it turn out reaching scored as and you're going to go. Okay, quick question for you again, right, what else are you guys doing in a germ banking space? I hear you said,

what digital bank? How else are you guys using digital technologies just to provide a similess, complimented banking experience? Right? What else are you guys doing a parbular loans? You know I've come across Carbon here and there, but what are you guys doing that? It's so different right, say from say the big banks. If you could walk us through what makes you guys different? Take care? Yeah, thanks thanks for the question. Card Um and

Carbon, we're coming a long way. We've transformed from a from a credit campaign to a credit at Digital bank and aside from offering credit loans. We also offer a variety of other products or offer over other services um like appeal payments, like debit cards. You could also get access to the buying a pay later products and so you have access to savings, two free transfers, deposits and how your savings account. So pretty much it's a digital bank which

you could these services you could obtain attituational linkacy bank. You can ask market at Carbon. The difference it's it's it's a lot similars, it's a lot faster, and it's more it's more accessible for you if you don't have to ask for free. So regardless of your income level, you can pretty much access credit. First, you don't have to submit colatter, you don't have to build. It's not as strange as as a nutritional bank. And it's

very quick. You can get at a station with fingers. So that's what we and we offer at Carbon. In additional APIFI you mentioned, we also provide investments, so you could have access to investmentals and we'll talk to you

about that. What does that mean? So if you're going carbonize and you use it, you could you could you could have the different investment plans you could also different savings plants that you can choose that suits you weeks at the title weeks level, and that carbon you have access to all of this, okay, so like so you have the power of like save money for like a year a good blood on carbon. Yeah, you could do not not just the idea. Like like I said, there are different savings UM plans

that you could use, like like vote, it's very dynamic. The savings also your desive saving that you can take out your money without you could break your savings. And they also series plan that can be held for as slow as six months as much as tift months based on your you need or your exact in time. Pretty much this is something you could share, the interest on those things and something you could share now or oh yeah, I'm sorry, can you hear me? Yeah I can. I'm asking is this something

you could share? What does rate to be? You're just asking, um, so for interest rates? You could The interest varies for all of the series plans, So if you're saving for a minimum of one month, you can get very small interest compet if you said for a long com period of time, but let's it between tens fifteen percents you can get interested currently for can votes. You can get interests as fifteen point five percents for your savings,

um, um, you couldn't cover? And why for flex you get interest on night because oh and and I can get that when it's like I get a higher rate of return when I when I put you guys, but I get the flexibility. It's online and all that kind of stuff. I don't know if you if you heard me, all right, so let us I'm just looking at the DMS. I got some good, great questions for

you here in the DMS, if you don't mind. I don't know if anyone wants to speak and if you want to take questions, but I've got a lot of questions and DMS for you, right, so do you mind me asking you a few? I think it's up again, I gotcha, all right. So someone is asking on the on the DM like what's the longest and like tenure that he could get this loan for what what's the term? I think I didn't constant, So he's asking in terms of the tenure,

right, that was the longest you that? Um, those dis loans are available for like can you get it for like a year? Is it a maximum tenure for the loans in question. Yeah, you could save on carbon aswage way as long as as as long as for a few Okay, god, okay, I've got till me like I tell that I've got you on one point. Um, thanks for a person to speak. Uh you got a question? Hi could hey, I can get you? How you doing? What are you calling from? Um? Calling from Nigeria? Actual?

Yeah, go for you got a question? So, UM, thank you for asking you all the questions, um, couple representative. I think for me as a business or, my question is you need to be different, And I'm very sure that they are. Probably people will run small businesses on discal or people are just looking to start our businesses. So for example, when I started my ticiate business about two years ago, it was just me doing my thing in my bedroom before you graduated to me getting this story

here in a pujab. And I think one of the major things I wish I probably had in your access to at that time was enough capital because there was a lot of demand for my business actually, so it was not just you know, something abstract that I just wanted to do with the money. So for business owners like me, I'm probably some of the business owners listening on this goal. What are the chances of getting loans for small business owners? You know because when you go to banks, you know, they ask

you to great collaterals and all those things. So for people like course and then chances us to get lose for us to start our businesses or scale our businesses. Great question, Great question, right, I mean that's the real question every wants to love. Right, What do I need? How can I get access to this? Ask? What know? That's what I have on my questions. Carbon, You've got a pluster all right? Um, if I confirmed to me you asking about loans for for or for businesses,

I'm swearing catch a question very clearly towards the engine. Yes, loan for businesses, but not just businesses, small growing businesses. Um carswell didn't get to here speaks the questions possible for you. Yeah, she's she's she's asking that she wants to get access to loans not just for businesses, right, but small medium, micro businesses. She wants more clarity on on those options. What are the options for Carbon for small microw is? How can they

get access to those loans? So, I mean she's asking, she's saying she's an smme, what are the loan products that are least targeted at her? And she's saying she's not just an SIME quote unquote biggest to me, but as even is a small MICROSAMI. What a loan tis all right? Gotcha? Thanks a lot so um for small businesses samis that would require loans

carbon We provide very unique loans for samis. And what would require from you now is if you're going to sign up to get ASAMI leans, if you have to provide us with with bank statements and seeds you coup documented shows that you will regist the business. And what as those for us is that it helps us determine how much we can provide you. And once you provide us with this as much a stand millionaire, if you provide is Deplomia, you

see that you've been you've been assessed to it. You know that that amount and so yeah, there's do not accessible for for entrepreneurs for those buildings small businesses in Ageria. Audience today is logging to put out to assemblians honest, and we want to look into the part of and feeling. The required of feel to SUP requires operating your documents, I provide no necessary information, they

would would get back to your dad. All right to me, and if you had had this response to me, yeah, thank you so much. I think that's quite clear and straightforward. Thank you. Question all are you good? Um? I think I'm good for you? Gotcha, I've got real, real, real what's up? Real argue? How you don't, sir? I'm doing fine? Good? A question for yeah, can you hear me? I can hear you out in pleasure? Go ahead, I'm good fine. Um. I wanted to ask, like, um, I

like to person that literally just answer. And she said something about small skille businesses. Right, So I'm a personally I'm working on getting my own registering my business. I'm almost there so and I want to know, like know that sometimes when you get this loan, even when you're trying to do what you want to do, sometimes I think, don't mutch realize instance leaked. So I want to ask, is it possible that you can give like a

one month break or something starts? Maybe most times when you start a business, these things don't much realize instantly, you know, like a Wormon break back moritorium. You're asking it can give you one more mortorium or like to put together get some shit together and other. That's that's a good question. I mean what you're asking, you're not saying that they should right, So carbon did you questions? Yes, I'm asking all right, thanks a lot.

That's that's a good question because I I can understand that. I mean, if you're a fully pointed out Nigeria can happen, things can be It's a very interesting situation warning business and a Nigeria. So I quite understand what you're saying. Nonetheless, I can tell you for the fact that at Cambon they annoyed in charges. Pros loan processing is quite similar to disposement is great. However, for situations of breaking or passing the loan as its way.

Currently we do not offer a such level of flexibility where small business or SME loans can be posed. We do not. We don't know offer that and

so as it were. Currently, what is obtainable is you could once you operate in Nigeria, regardless of your size, you make muchly sales, very registered business, you can provide us with an active bank account with divisibility for the last six months bit in two to five working days and it's dispost immulately, and yeah, when we do not also prove to pass your your loan with us. We are very flexible in the sense that we provide weekly your

monty loan repayment. I think that's that's how far we can help with flexibility. But which we guards posson out wrecking person alone, I don't. I don't think that's it's physible and we do not going to have a thought or provide a circum of service. Yeah, you're not there yet. I mean, I mean it's reasonable because you are also paying interest on the capital that you have raised to lend out to take pasts. So I get that. I mean it. I know in the student that in the States, very

very few people do that because real just real. Just make the point that you right, the bank itself is to getting money from investors to give out to you. They just make it spread. So if they pause, they are that means they're going to pay on your behalf. So it's a bit difficult for them to do it. I think it's a good suggestion, but until it's going to be tough because you're basically asking them to pay for you. You know, standing point they borrow and let create what we call a

risk assets when it leads to you. So if you don't pay, then they also cannot service their own obligations more or less. If that makes sense, Yeah, it makes sense. But what what about an extension? I want to do? What's called it? Really information? When you mean by extension is what you like that you is more for you to extend it to the like express like it's morphy to extend it, to extend creas to extend So how would I'm not sure? Like I follow about unite again, I

was saying, like paying, it's more for you to extend it. No, No, we do not do not. We do not provide I think it's great premio to try to communicate. I think we don't provide creased period. You agreed to a particular on a great tenor and as thought, you are expected to repay within the ten of say six months, one year, and we do not provide question period. That's a good question. Real, thanks tell me you got to handle. But that's real. And if you

can hear yeah, I could hear you. I think I think he heard you. Yeah, that's it doesn't have to me. It doesn't have to be like monthly. You could it's flexible for you to have a weekly and so period where you think you you you've got excess cash, you could make advanced with payment, so you you make allowances for periods where you think you would have like downtimes. So it's a lot more flexible. We can provide flexibility with the payment unless I should you have to waste to the end of

the month. You could make it a week and repayment does doesn't work free. Yeah, it's okay, all right, gotcha, it's okay, Thank you very much. Tell me if you have a good question and I think how if you have had a full question, yeah, go for it, okay. So um the general knowledge I have about UM bank clothes from whate' breden saying is that you know, you get money and they get to decide

how you repay the money. So let's say, as a growing business owner, you get like egy or million eira and they tell you you have to pay this in the next six months with disinterest with carbon is it a bit more? I know you talked about flexibility, but maybe you can dip diabebt.

So for example, if I come to you to say okay, like on your app or websites and say I need a little or listen to millionnia to rule my business and realistically, even based on the realities I have in my business and focust apart from whatever I have in my um my, what's a called bank statement is that I can pay back this mone for the next one year, you know, based on assumption those carbon for very strange reasons. I'm not sure I hope in this question. But if you have that

plenty you do you mind just repres from me. Yeah, she was asking the question. She wasn't done, so tell me go ahead and ask the questions. Now I relate to the cab I want to get her. I'll just finish her and then you can help me. Reality, So the carbon offer that um flexibility in time frame rather than the normal star to tree. If you get this amount, this is the realistic number of months to pay back. Is there that flexibility based on the fact that you're not liking normal

start to treat band that we all know. So what she's asking is essentially like if I take a loan from carbons for say five months six months? Right, and like really is also asking if I have to be flexible in my repayment. Could I come in and discuss the flex flexible refinancing a women where I extend the term or I refinance that load for a different covenant as

before I to the loan. I think I think that's what they're about asking Can I walk into Carbon and sit down, drin and say my cashbo didn't contrast expected? Could we re nego ship? That's I get the question. Okay, So I think, yeah, that's actually one of the questions really as is on, tell me, hold on, tell me you want to clarify your question? Go ahead. Yes for me, it's been playing from

the from the beginning. So based on all the permutations and reality of the website and I, you know, registered, and they say, okay, this money you want to get six months that you have to pay back. Is there a way where we can discuss with Carbon to say, before I take this money, I know, like I know my business better than motifized on the book. Can I pay back in one year? That's what I'm

asking? Okay, gotcha? Also Carbon watch us asking us. I think she's saying at the very beginning, before she takes a loan, if you're offering her a loan or say six months. Is asking can she discuss you and say, oh, I think I can pay it back in one year rather than the six months that you've actually offered to hundle loon. So can she like make a counter offer at the very beginning? Not go ahead coping go the flow? All right? So the question that changes my actually here

that's true if I get you correctly. You've applied for a loan. Let's say your initial agreement is UM six months and you want to renegotiate for for a year. You're asking if it's as possible for for us to change the SIMI loan application that it was stated for six months for we should do with you we negotiated update is two years? Is that a question you are asked something like that? Basically? I think that really would are asking this,

can we be flexible with you? Since all these traditionals band, can you be more flexible with your customers? I get the guests general qutun to ask it. Yay. Unfortunately, as it's we're currently we can't we do not provide a level of flexibility. UM. Once it's six months, it's been agreed or full and there's been a dispostment to your account for the about of unless a millionaire at ten millionaire and if you're still speaking of you, you're you cut off? Hellosa? Okay, I think it's kind of a bit

kelvin. If you can hear me, you cut off a bit. So I'm gonna get this month to ask this question and I'm going to write that down this monding and if you can hear me, but amazing me, I might do one that folks here your Tammy? Can you hear me? Just don't like check Tammy? Can you hear me? Yes? I can? Yeah. I think the Carbon guy cut off. I could only accidentally hear him. And I wanted Desmond to bid and ask this question. Desmond,

you are you okay? O going to to go on right now? Or I can want to cheaty or CHETI b chid be Can you hear me? Though? Uh? Guys, all right, so I got Tammy? Can hear him in chilty or Desmond does not drop off? Let me get a chew one in here? Carbon? If I see you back online, you're cut off once you were speaking? Yeah, Hi, go ahead, that's many now I can hear you? Okay? Um? Well, um, my question is uh it's pretty to carbon. I want to know him.

Is it a carbon having a plan for the for those that are like the kind of those that are not digitalized, they kind of people that are upreading their essam is in local way. Wow, is there any one by carbon to reach out? Is there any plan for carbon to reach out to people that are in rural areas and those that are into informat set, those and all that The question is asking you, brilliant, Is there are Yeah? Yeah, I think that's that's not a good and petinent question. Needfully will

from the size of man Journey formal center and for credits. It's quite a very tricky position for now due to vehiculy, we can't go beyond set. We can't stretch the limit of how much or lending to the informa st or without verification. So yes, if you can provide us with the require documentation for compliance reason which is um your bank statement that you reach the business, that you take some sort of visibility to countly sales and you operate reising trade

service whichever sector you're operating and in your operating an aguria. Once you can provide those this documentation, you're go to access credits to delimit these available. However, if you can't of whatever it is and you do not have this documentation, it is currently an injury with an afford to offer credit fascility to businesses that are not registered. So comple me ask you that question. Right, So this new that you guys have an offer going on right now?

Right? All right? Yeah we have what what what kind of offer for for small pro ess means yes, I mean no, a lot of things generally, right I think on your on your on the page, you guys have an offer going on now you know right now? And then yeah, yeah we do. Yeah, but I want to talk about that specifically, dople deternatives. I want to go back to that and just can you speak on that particular offer and what basically is who can qualify things like that?

All right? And so for um for currently we are often petically loan for new users. I wanted implies this you on this called and after this space you you'll simbolarly convince or maybe you just get you want to try it out to verify all of our creams. You just could to download cap On help,

like I said initially, either the playstore do placetore Apple Store. Once you download the app, you could and you complete emphasis and complete your verification, you can get access to a loan athetic yes, and we this loan show your credit report, absolutely it should. But more importantly, you could

access the etic loan for new users. So essentially I do the app, I can, like you said, a very beginning, applied for this wasn't is it doesn't have the particular name or what is it called the specific product name for this tetic loan. No, we don't give it a specific loan. And so they they're like I said, or a loan names this pilit a loan and this cap on zero and you could get the cab z buying on pilater. We could be zero cabon zero zero, and you can access

that on the app. So the cabon zoo one is the one that's for thirty talon there is that what you're saying. Both of them coman zero and it's more of buying on pilater. It's almost the one is it's pilot alone. But both of them are tetical image. You can get access to it and I can do you know how long you also, I can basically don't apply and then I get that loan and I can use that a loan more like it's like a line of credit or personal loan based on the criter of

giving it earlier. Exactly that true, right, so I got course course you gonna mind. Yeah really, but anyone made customer covers two days of that, Um, I can't say that forever anything. Let public listen, that's a question as zuming I didn't go to the little Dya and that's my

third of FoST months. I descort a necess passion. I could upsets look possible for covering to hold the element for the list import impotto months remaining eight months they should have can be possible with that interest and those thoughts that I witnesses and I just want to exert with my supports. Interesting, I'm not hearing you. Let me get a cycled. Let me very clear. So you're saying you took a loan and you want to return the loan. Is

that what you're saying? That doesn't it doesn't matter still to have the initial donality treat months Definitely the first months. I would fix months a process to access and I want to upset that them possible for can you can interest for those months that I just want to upsets, just let's pay about depends about what those months that you want to upset around before you you want fish fool pay from the first from the first of the first months, certain interest that

you want to work settles possible for the friend. That's what the that's did you hear him carb? Did you hear what he was asking saying he took a moon for you? Yeah? So I mean go ahead? So yes. So, course of your question is, is impossible to offset your loan prior to diagree due it? For example, in six month loan, you want to play it in month two, would you be charged interest on the other month? And so um. Simply put, there are two types of

loans. So if it's a pay let alone, you would be you would be charged because the agreement was a monthly repayment with an interest, you'll be charged. However, if you take a want of your own, like a hihlighted earlier, it's zero interest loan on this particular alone, they are no monthly charges accurred. And so let's saying you're going to payback in month two and you want to play it before mont your free to do that with no

interest occurring exactly did you? Yeah, yeah, Carbon, I'm also getting a lot of DMS on this tetical loan and if you could maybe just take it again, just if you could just maybe explained again. People are asking more questions about that whilst they need what they just I know you said there are two types of zero binal pilatter and there don't just want to declare on that. So it's a ten ty thousand and alone. How was it ten

year? Or if you could just give us something again that'll be appreciated. Sure, and so full carbon and so let me just go right again. You you are in the school, you have in need and you could gain access to credits as low as tety thousand and so what is required is you download Carbon have whether it's an Android or an iOS devision making use of you a lot carbons Apple. Once you do that, you have access when you

complete your your verification which is your bank sement, your ving. Once you've completed as completed that verification, you can wise process you get access to a tectical law. And so there are two particular loan products you can get access. So if you choose that and so the initial one it's zero, which is a typical buying and pailetter. So you want to go on Let's say you want to buy something worth of whatever much. You get access to tetuke

to find us that the transaction is easy once you quickly transfer. You could get access to tetic on seal for this particular loan on carbon zero you do not pay a monthly interest. Where you do is a five percent processing fee and it's one time and you pay back. The second loan is pain it alone. Also also theetic you gain access to this film. It's a monthly repayment structure. And more importantly, the alia you repay and wants to make

repayment Alite improves your credits community. You can increase your limits from tetukey. So for example, you want me to pay back in two months and in month one, you're able to play back the tetukey. What that means is would review review your limits and you can get it will be subsequently be improved upon. The earlier repayment count is really essential where you can make repayments monthly

and you cleits repayment to them to improve to limits. That's interesting. So you're saying, if I take the particular loan for six months, and I'm able to pay that loan off early. Then it's sort of internally it makes me increases my score. Isn't your own score in carbon? It makes it look better for me that would say, yeah, itsures. You are great, great, good user. You're able to fulfill your application. But more importantly, you can repay fast. And there's kind of customers we want to

do business payning leaders. We want to do business with relake repayments. And in addition, what you get as a benefit for that's an increased limit, so you should that you have compatient to take more. Okay, Okay, that's that's very interesting. I'm not everyone say that that's very interesting. Alto, You've got to flow go aheads also, okay, because I going to my question to cover on our First of all, let me thank you ad your forte this program, and also to come on, I'm a customer,

which are your are been using your account stading? I remember lasting using a col pens. I know have any cash I have to run to cover on which day you as you said to come and I'm grateful for your services. What I want to as your Carbon zero I know the time I tried it, they said it for only Legos residents. I want to know agree, So everyone and who's in all the states or seeing only Legos cover on magucation. So yeah, tech textation, it's really wanting to do that. You

made proper work, So why are the strange. Just wherever you highland, you you could get access to carbon zero. You don't have to be legal, so you don't have to be a residential legals island or bland or whatever. You just have to fulfill basic requirements, which is to provide us to the bank, statements, the physic, the eification, customer reification. You can get access to compon to you regardless of location. It's not location dependent.

Okay, there is the POM I apply for that would be SMI loan. Let's be open to not the three million. I know they did not go through both. I wasn't even the reason why it was turned down. They affected my statements and important Okay, it also okay to go. But at the point they they turn it down, but I did not give you reason doing the maybe letter was in the mail to you. Ope, you do know why it was turned down? Never to and I thank you Anna,

thank you band for the tank to lerender. Thank you all right, thank you, thank you for that. Just just to just to wrap upon that, you said the loan was to on, my apologies a game that you didn't get enough. It is no clasification as to why your loan was declined any if you don't mind, you could try applying for a loan and if you, for whatever it is in you a able to access that this with you just towards and support someone which ampant the case immediately and give a

clear resolutions that my apologies again for your experience. Oh cool, all right, thank you, all right, gotcha, and I've got a job. The last because I think we've spent an hour unless carbon was still longer, so I thought you about the flaws. I go ahead, yes, thank you, um for I have a question directly, I have two questions for carbon. The first is what is the highest limits and you can give on a loan? Secondly, um, are you guys and on brokers? Can

do you have where we can invest in common? You have platforms where we can the bay shares also common? I'm saying. Then the third question is um sorry go ahead, okay, yeah, So the third question is what is the sorry I think I do some two questions or just in case remember the third question, happy to to answer that and also for I'm happy to still on that to answer everyone's question. And your first question was around what is the highest done you can get a beginning this, these figures are all

fixed at carbon. We do not put it carp on how much you can um creditive bit when you can get access to. What we do is we ensure that we have a pretermit income model, access an assessment model. Whether to income. Racial is a very key factor in determining how much you make. So for example, you make thetic key. There are three people applying for lunch right now, thisceiving method is space one is applying for three different

users. You will not all get the exact limit because example reason being that is you have different income levels. The different criterias are comming to place, so there is no fixed amount you can get. If you have an income of lets on your case on as an income of fight on your case, completely two different income levels, and as such your limits to repay monthly is it's completely different, and what you have as limits is peculiar to your income

level. And every other factor. So no, there is no we don't fix an highest amount of learning income, g more you than on the platform. You pretty much can get more access to credits. And for your second question, do we do pocage and sales shares? No, we do not ask where we do not provide so service. What we can provide a carbon UM well providers common now is um investment. You can invest making investments when you putman the savings and investment products. We don't have access to selling,

buying acquiring shares for publicly listening companies. Okay, I think we did have any question for full flowing that No, I think that's that's it. Thank you. So come on, so just Real has his hand off Real. Let me make you a question. I have a question for car Real Okay,

UM, thank you, UM, I want to ask. My question is similar to that to Jule. But the reason I'm asking this is because, um, you know, as a business person, where I put my money is where I know that I can get good credits coore and develop pe put Follo away. But I know that are these people they can maybe if they see my my my money there and they know that ms Steady, I

said please how they can easily give me money. So I want to act like what is maximum limits or today you guys for SMIs you can give up to twenty million, So that's my question. Twenty million that's a large sticket sised loan um. Nonetheless, I would like to answer the first phase of your question, and so you could. I mean, it's not mandator you submits just one bank statement, like you said, some some banks maybe using the same example US a particular bank more often than you old as I would

recommend and our advice. Once you're making applications for loan, you please submit all your your bank statement all the banks that has like consistent transaction visibility to help in the limits you can acquire. However, as it's well right now we give limits the limited loan matter you can get for Similians. Right now it's ten million and it's in a stitution you will pay back in unless thy six months you can get access on on the tamdium or right now the maximum

you can get for similon standardon are all right? Thank you? As an interesting touching So come a question, right, so what are the next steps? Is there any go to any hashtag? Or is just the Twitter side. Just funcase one is just dropped in. How can don't give us the follow up steps that we can do right? Um easily? If you want to follow up and get an access to this one, you can go.

You could follow came On on Twitter, you could follow come On, get came On on Instagram, and you can also check out our website for get access to more information that will require. On our website you have as more key information you want to trail. All you have to do is um you can contact support would respond to your issues immediately. Could be in app, you could be on social media which every channel workspace and suits you. You could reach out to us. Got I got Edward? You want to says

some? Okay? Hi, Um, I have like two quick questions that I want Carbon to respond too quickly for someone else speaking, I'm to go ahead, go ahead, okay, Yeah, So two questions I want Carbon to respond to quickly. Are there any limitations on what if I get a loan from Carbon? For instance? Is there like a limitation to what loans can be used for? Uh? Can I take the loan? Uh?

Like? Do you ask for sales? For instance? Because I'm a common customer myself, and I've been using Carbon for a number of years, so of course I know. Occasionally when you want to get a loan, you're asked what is this uh loan being used for? If I decide to not use the loan, say, for instance, I say I'm getting this loan for an health emergency, and then maybe I don't need a ready for a health emergency anymore. I decided to use it to fix my show cabs over

for instance, Like is that a penalty for that? Limitations to what I use the loan for? That? I think The other thing is and I think Carlomation need earlier about a lot of loan providers data privacy issues and stuff like that, like how those Carbon address things like that? Likes my data secure with Carbon? Another as two questions. One is that the limitations to what I can use the loan I get from Carbon for And the second one is that our what do you do in terms of protecting my data my privacy

as a customer? Nice one, you've got the flow to respond I have a question or ask you or would you guys being that to hound your repayments? There is you don't have that kind of experiences are common um and as you wouldn't get such experiences. And for the first question you asked us, would you is it is it tied to a particular need um? The answer is no. UM. Like I said, it's it's a tellyclone. You're free to use it based on your discussion. However, re payment is within

an agree and so once you could pay back to one. We are not particular about you using it for for specifics. It's again it's a it's a loan product. Is to help meet your needs. That's what is designful, not to meet your feeling. Entertainment is meant to meet your needs. Whatever the need is, it's left to you to decide. I don't need to

go yeah, yes, thank you. So the second question, I didn't get the answer in terms of like what steps you take or is it like an internal policy in terms of protecting customer data, ensuring that privacy and a lot of that is just maybe touched on that a bit. It's it's it's okay, yeah, I think we we we address this somewhat very learning conversation and so at Carbon we follow very strict and we have the best practices when

it comes to data provacy and work very closely with regulators. We ensure that we are compliance with area of data and specifically for customer data. And we we work with regulity bodies including EGYPI and PCI, ensuring that we meet their standards for keeping data. More importantly is that we do not share customers data with third parties. Maybe we ensure that INTERNALATA policy MA be not do not average customer data or data to do that party. All right, thank you

very much. All right, welcome. Yeah, I've got my um on my ya jah sorry name wrong god flows go ahead at ninety nine, Kenny Won, you've got the flow, go ahead to okay, so he's not speaking, all right, so Carbon, I think it's been an interesting conversation, right. I started off by talking really about the rule of credit in world creation, not just for the individual. Hello. I think it's here now go ahead, So you've got the floor. Hello, go ahead,

Hello, Hello, Yes, sure, go for it. Ask a question okay, Oh okay, okay, thank you mister Carlo, Thank you, um corbleum. I've been I've been trying to to do an update on my Carbon account and it's been pretty difficult doing that. I try to change my Pronoumber on file, the one I have on FOW, I've actually changed it. And then the new one I want to uploade is the one I'm using for my U is the one I attached to all my banks for receiving my

SMS and all that. So because I think each time I try to request alone, I really don't get don't get approved. I don't know if if it's because of the panel, if it's due to them being able to assess my my I don't know, maybe my bank or something. And then again I tried to, I try to submit my my statement of accounts. It's pretty difficult. I've not been able to success, believing that each time I try to, it keeps, it keeps feeling they are not able to complete

the task. I don't know why. Yeah, just let me stand up the app using that platform and um and would I would like to personally see how we can resolve that. Can you can you help take this conversation with which not to support so we can I'm every single company you have with you, guys verification, with help your bank statement. Can you just con start support on our app so once you do that, we'll be able to assign

and a custom agente would pick up you your career an inshore. It's resolved once again, A may ap projects for the experience making use of a bank. Okay, all right, so let us take real real quick, your hands up if you had to add, I'll take your comments before I get

back the cabin real, go ahead, Okay. I just want to say something like it's the person's personal to me because you says about digital natives and all that, And also ask a question because okay, like do you guys answer kind of form of a receipt or statement from um mostic but again comparative societies because most of them don't and they're not digital, they're not digitalized their

systems and all that. So I don't know. So if you have a lot of resources that can you really show what you have if because most times it's not digital, okay, so you know, computing more information. I think I think he's asking question. He's saying, do you take like normal digital or traditional retalitional means of collaterals? If I have a color, if I have a cooperative account statement, that's an internal statement, right would that

be? Would that be sufficient to add us actors? Collateral. People take a love from carbon said work in the company. We have an internal comport society. I have savings there or have Let's not say my pension. Is that subpersions collateral for SMI loans. This is not personality, is SAMI right? Really? Yeah? I think thankful. Let's do let's do personal loans one, let's do ESIMIL can ask both of them. Yeah, So for

for let me start our personality. Nobody nobody's going to require you send your pensions people or you other document What we need is quite accessible to the general public needed you're Vivian and your bank statement and basically you don't have to. It's just it's not even necessarily for it to applaud it. You can just give us your bank and we yours for that. So you do need to provide any other documentations aside of that. For SAMI loans, we we do

not even request for either of them. We do not request for collateral of any sort. It's very accessible. However, for the smiles you would need to provide those. I mean, for compliance with you need to provide all that. Indeed, this is a you're requesting the room for your business and it is to be registered under day or laws of Nigeria. You're preating Nigeria

and more importantly that you are a business that has traction or sales. And once you can provide those want your documentation that fun pace that you registered business, you'll be able to access the one for SMBI LAS. Either of them doesn't require an equal natural of anisource because this question no like other plants you know, is that what if I have a lot of resources them whatever I with a lot of resources, innical it is society and not they are not

digitalt it is that not a digitalized the system. So is it possible for you to receive like you um traditional receipt from that kind of organization that you can use in stepping as in checking or finally not how how much credit you can give you to me or that's that's a peakle situation as it's were right now, we need register, we need the documentation that evalidated by the laws of many and comporate to society, any of those sort of platforms are not

to recognize you just need to provide us. You could put definance in in your bank, then we once it's in its active bank account. Yes to count but once it's in corporate society, any other arrangement as it's ware currently would not accept those document as the means of verification for SAMI loads. Alright, thinking that's pretty clear, So let me just go back to the election as that's really be clear on this, right, Um, what's the insight?

Just give it again the insight that Cardboard would use, you know, to determine the loan amout for customers. Just how would you go back to my example, I want to borrow fifty thousand? What would you how would you process this application? What internal criteria are using? I probably get the answer so I can walk to the answer if you if you could speak on that helpful? Right? Cool? Again, if you want to access alan

in carbon for personalits, you yourself to look into a app. Once you look into a app and you want to get a loan, you complete the required KYC. You can agree with your kays and how did you do that by providing us with your beving with your address and if you're required data once we validate those are correct and we can now you can apposit to providing us with your bank statement and so all of this plea qyro when you're being accessful

loan. So once you provided with your KYC, which your documentation it could be your national passports, it could be, it could be. And what about document that validates that you are indeed in national of Nigeria and you you also provide us your bank statement. These awards comes into play wherein assessing your your or profiling you to give you the credit limits on Common Okay, okay? And then just again, you know how, let's just go back to

this middle class and all that. You know, how are we making this credits up? I'm still going back to the demographics. You know why we're just talking about donated. Is there a gap in the market that you see for credits for i e. The leaders on middle class folks that we're doing this or have we been doing this? Just talking about that if your mind, Yeah, sure. And so Common is a leader in the space of lending and lending and more importantly, we were credit like digital bank, we're

not and in start lending compute things like we're digital banking. And what we've think about, yes, is we've got a kind of insights with our users and one of the things we realize is they are midil digned is ridiculous or poly movement professionals, and so what are products are credits productors? It ensures we provide these users with accessibilities seamless and quick access to credit facility and okay, and so what are those takes form extance. You're a media class you

we work at your blessed say in ibadon or in importacut. You have a cycling income. You will pick your PAGEO salary, let's say in the twenty seventh of each month, and you could with your with your bank statement that validates this and every other verification. Use a verification you can get access to credit on carbon for dignities. Also, likewise your next cluded from this. You work whatever job you whatever, hostling that guarantee is some sort of income

for you. Once you provide those documentation your fact and validates your income and also completely your creise, you could get access to this. And this is not a scute people around registered businesses and SAMs whatever decide you're not particular about that, as long as you could provide those documentations at validies that your business is dually registered and that as traction you have like a complete you've got to

corporate bank account. You could give us the bank sevent to validate this. You can get access to as much as a millionaire UM loan for your business. Okay, makes sense. Let me get that Joe like I got Joe Loco here, and then we'll get them as well and they will maybe start to close down at Joe. You've got the floor. Go ahead, Thank you very much for this opportunity. I don't know if this question has been asked earlier, but I really want to lean. I don't really know.

Go ahead, Hello, let's go ahead. Okay. There was a time I tried to open a corporate a carp with car one and it was not successful. Is it now operation that can one have a corporate account with carbon? And secondly, secondly, I want to know there are some digital bands now that if you want to make transaction between Carbon and them, carbon is not found on their platform. And even when you want to want to receive from them, carbon is still nor found. Is there anything that is wrong

or is Carbon working on this particular problem? Thank you? Great questions, Great questions. Address those as two great questions. One, are you doing now oblical corporate accounts to the connectivity and all that? Yeah, great questions. All right, yeah, first let me let me address your question and corporate account. We actually provide corporaated accounts or it's called optimus. You can set up a corporate account. I'm not sure exactly, but you could also

not just for you. Everyone having challenges reach as to us by a DM. A custom suppology will pick competicularly your your query and resolve that. And yeah, you can um you could resolve that question with you as CORPI that

can can say we can resolve that. And to your question, the other question on um um um next for commactivity with other bands and that's that's an ongoine issue that is currently be resolved, and so you could you could also in in in the DM you could share us which bank is involved or affected that doesn't recognized or you're able to transport to us, but that's as it has been resolved. You can transfer, you can receive and send money from

carbon to to which other banks that outperates airing injury. Okay, we appreciate share your share your complaint on on the IDM so we can we can jump on that. Send your challenge of physic excellent, excellent, good job. All right, so I've got damn damn Alex okay, agreeing me. Sorry

for community big leads. My question actually was part of it were asked by the last speakers question, but I would not concentrate on the issue of of the optimal start said because about Michael to another carbon true cardo that posts some weeks back. So my queston is um on the issue of the loon because I applied for a loan on carbon those about a week ago. So and I understand that it takes a parted to ye this to get a response,

but that he now have not been able to get a response. And I also want to ask just the last speaker asks that to open a carbon account, what are the environments to open a carbon accounts? And the carbon account if it's open, will also run like the no mat the carbon app. We'll have a personal account account with the carbon without pretty using the app. So the current account, the guns a corporate account will also is it an app or to run on the Optimus optimos uh platform. So that's my question.

Okay, great, well, good good good question. Um. So for the question with you guys, the loan that you applied for, although I would quite like more context, that was a personal loan was a corporate loan um um. But nonetheless, if it's if it's a personal loan, you questions to find that's that's really um um strange. Can you reach us twitch out so very dam if there is something that was out of place,

be with your application, so we can jump on that. However, for for the Optimus, if it's very apptimus that you made the application for a loan, No it's not. It's not accessible that the Carbon app. It's strictly vale um web. It's on a web port. So you could for corporate accounts, you could, um you could ask this corporate that can very the web nut up. So please you create an account you pretty require document as soon as you do that, you can get corporate loads of personalities that

can be done very up seamlessly. Okay, great stuff, great tough Yeah, okay, nice one. Okay, So I see we're getting a lot of requests for you, sir. I'm not able to get to the DMS, but a lot of requests. Thanks for shape like a bit more, have more clarity on a carbon We're gonna come. We're gonna come back to your house. Questions you guys asking about mortgages. So I don't think carving those mortgages yet maybe yes, No, I don't do you guys do mortgages?

Does let me ask for the record. No, we don't do that. Okay, just ask the record and yes they don't. They don't do Stop broking their digital What you said you were digital bag lot of fintech? What does that mean? And if you question? Yeah, sure, um so for digital banks, we we are licensed by by d CB and and every other great of to carry out set in kind of transaction. So for

example, we allowed to run like a like a regular bank. We do not just we're not our service and not just limited to see means and investments for us. It's watch is obtainable in your regular traditional bank. You could you could carry out the same services on carbon. So could it be an investment? Could it be could it be a sort of savings. Could it be corporate loans? Could it be business loans? Could be personal loans? Could it be payments pus payments. We do all of that in one not

just limited to one particular service. So you could do me be less a by know be use from the particular app and carbon you could do all of these things like you could do in a levelar back like a GC or the first I could do every service or it's digitally okay, makes sense. Thanks for education. Appreciate I got a take others a philomenam sorry if I president, Yeah, thank you very much, cal um my coquestion is this is

just very question um. I won't believe technology is one of the major journeys that CARBONI is easy to deliver values and I don't know if it's for me just be reason your audience breakondoctor. I don't know if he's on this end that I'm not m financial technology companies, even though you said, you know you thin take companiable and companies that use technology to eat and the services that they offer. They have actually noticed that there have been a lot of downtimes

with this banking company sometimes as long as it t like immune. Yeah,

you're your honestly be of any service on the platform. So I don't know what okay, okay, hear me very cloud talking about yes, your technology, because I don't know almost all the almost all the financial technology companies that I know sometimes and have down times of up to be something and to these you can't carry carry out an chance when you absolutely like what guarantees came on giving around your technology was up to your technology and how can we trust and

the carbon technology to see Okay, maybe when we are in the spat time will not be experiencing any downtime and affect them affect us as your way. Yeah, that's that's a that's a final question. That's a very one. So yeah, questions with you guys our technology, infrastructure and how can ensure that customers are only guaranteed is people or great service, service and clothes. So yeah, this is not just peculiar to Carbon, like you rightly pointed

in your question, this is affected by financial services. They are all the underlining fact or why use particular to a particular with financial services in Nigeria and nonetheless at Carbon, we are always keen on innovation and one of our core goal and our primary goal prisiple goal, our first principle is putting the customer affairs. And over time we realize that in able to ensure we guarantee consistence excess service to our users, we've had to currently upgrade most of our infrastructures.

All this impli is that now you could get access to all our services and it gets better. Yes, we've taken note of things and complaints that customers are user and given us over the past like ly pointed out this service downtime and in addition to a view the technical operational challenge to be facing and as a business and as an entity in effuntance service space that is affected by

these same issues. We we're currently working and upgrading this and in the communities you would see that just like last trip, you see that as an updates you probably got. You probably got the complications for most noting you to update

your app. So whenever you get if you're not gotten that or so maybe you get this incoming days or comming weeks, please update your help What that does it you in preservation with the app and make sure you do not have salvice downtown as you probably get well again approaches for inconvenience with the gards SS that then past and it's something we are king and we are consistent on giving great value for every time because of a product that's perfect, great, great,

great. One someone is asking if you offer pere a flows and what pure flaws are asking to clarify that if it does, I think I know that it's it's puvil funds. No, as as now, we do not provide improve of funds or for our users. Okay, So that answers that questions that for Jack ma pretty much pretty much excellent, all right, good good, good stuff there. All right, welcome, But I mean it's

been an interesting conversation, which you like. I said, we are all about talking about money, the finance, the economy, but I want to make it personal. How does it affect in my pocket? And now we have an option, right, we've heard that if we have that need, we can actually get a loan for say ten thousand Nira. And you've sort of bed, You've given us the whole work to say, if we pay back on time, if we pay back early, we can increase that line

and it would maybe perhaps get a lower interest rate. So it looks as thing like this is like an emergency fund I could start to build, Like if I was taken Alan, I would go to carbon get one and sort of drive that number up to a limit where I can have something there that I can reach out and touch if I need it. So I do like that. I like that a's an option. Justfiness for the corporate side also the paste out side. That's also good, and I like that you've also

been able to take the questions from the folks. I might any want to li say anything too bad about a Carbon, So again could us to you and to your team and to all the guys that run a carbon. I don't know if you have any closing remarks before I officially let us go enjoy our weekend Carbon you have any closon Box, I just wanted to say that

again. Thank you for joining the space, thank you for taking our time to miss into a proposition, and for goners y quaries, please feel free to reach out towards where DM. If you can which your queries, someone's going to pick it up and resolve them and more potently, I'd shared in this league how you can download. For those that are new users are interested in this, please download the app. There's a link or idiot catch Please

tick the link. It takes you to the play store Google Store to download the app, and you can complete that in a very simple step less than five to ten minutes. You don't blush. You provide us with your basic verification access to quickly KYC for your UM, your your BEV and your your bank statements and with that you're good enough to access it particular mulating. Okay, thank you for your time. Yeah again, thank you again for giving

us that option and educating us about it. Um. I've associate the handle cabinets. Put the hand the handle on how you can assess how you can download the app as a link there app on a reat. We taking a Google to Carbin's handle at get on the score cabin or you go to my handle and also get that link there and if you are interested, please download. Let me of those close with that advice for you guys, debt is no front loaded consumption. So if you take a debt, you're basically consuming

your income in the future. But like I said, the very beginning, you cannot. It's difficult to grow and to scale without having access to credit. The middle point is knowing how to utilize different types of credit at different life stages to grow your income and to balance. Should we see your balance ship, So I would like to see this loan be used for productive activities.

But if your startup you're to borrow, you're taking a loan for working capital to boost your ability to deliver on your promits and your vision to your clients. You know, don't don't take a loan to buy a status car. You might take a loan to buy a delivery van. You know that's going to pay back. So in essence, if you're taking an interest bearing loan, make sure it is being used for an interest bearing or income and

a beer arning activity. So interest bearing loan should only go to income generating activities. So with that word of advice, I will close out the space. Thank you guys for joining. Hope to be back here next week. I think next week is going to be on a Sunday. We all today to the days on the weekend and we hold a space. It's going to

be a Friday or Saturday or Sunday. So next week is going to be on a Sunday, same time, seven pm most African time, when we talk money, capital markets, finance, and we'll trying to make it of course personal to you. So now know, thank you, cabin take you all that I'm joining. I put it all the questions I wish you guys got speed and taking ourselves by