Many are raising $millions but this is one startup which has touched me on their mission: they invented a mechanism to offer 0% interest education loans to young people. It did not make sense but they have been running this playbook that one has to pay attention. Because in Tekedia Institute they have worked with us and funded many of our members, I can confirm that it is real.
As I look for a really impactful company in the ecosystem, I want to commend FinQuest Finance for inventing a lending platform to offer 0% interest loans to people. It is very commendable even in this ecosystem with limited credit infrastructures.
The platform adopts a zero-interest structured financing model. It designs a flexible repayment plan to suit an individual candidate’s financial strength. It also offers mentorship and guidance to its applicants. (The merchant discounts the order and it looks like the modern buy now pay later, but designed for education.)
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I admire what they are doing and we wish them high-growth 2022 operations.
— LinkedIn Post Version
Many are raising $millions but this is one startup which has touched me: they invented a mechanism to offer 0% interest education loans to young people in Nigeria. As I look for a really impactful company in the ecosystem, I want to commend FinQuest Finance. Their mission is admirable in this ecosystem with limited credit infrastructures.
And I want to wish the team high-growth 2022 operations. Team, see this as my “wave” to all of you, right from Obafemi Awolowo University (OAU) where you guys started building the models to now you are scaling. Keep doing whatever you are doing because you will unlock futures for many people.
(Tekedia Institute has used them and we’re impressed that the young people they fund actually repay the loans.)
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