Amid the current economic constraints many Nigerians are currently facing, particularly those in the low to middle income bracket, acquiring smartphones takes a back seat mostly due to the prohibitive upfront costs. This, therefore, limits the ability for many to maintain seamless virtual communication and conduct online personal and business transactions.
Recognising this barrier to meeting this dire needs, Stanbic IBTC Bank has partnered with Easybuy, a retailer of smart devices, to offer partial financing solutions for individuals who need to purchase smartphones. This collaborative effort aims at facilitating ownership for individuals aged 18 to 59, irrespective of their economic background.
The Easybuy app is a financial platform with a Quick Loan feature that allows customers fulfil their aspirations of owning smart phones. This digital loan offering streamlines the process and extends instant loans to customers and even non-customers of Stanbic IBTC Bank, who meet the eligibility criteria.
Stanbic IBTC Bank’s partnership ensures smooth application for eligible individuals, regardless of their banking affiliation. Also, the slightly relaxed procedure of credit profiling ensures swift approval and disbursement of funds, fostering inclusivity and removing unnecessary hurdles for people from diverse socio-economic backgrounds.
Stanbic IBTC Bank and Easybuy have empowered individuals with access to essential technology. This initiative promotes financial inclusion and economic empowerment; expands education, communication, and entrepreneurship opportunities, and contributes to societal development.
Beyond financial metrics, the true success of this initiative is the positive impact on the lives of Nigerians enabled by the improved technology and seamless communication they will enjoy.
As we navigate the digital landscape, partnerships like that of Stanbic IBTC Bank and Easybuy underscore the power of collaboration in addressing societal challenges and fostering meaningful change.
For more details on Easybuy and how to apply, kindly visit the nearest Easybuy retail store close to you.
