Monday, May 17Inside Business Africa
Shadow

Tag: First Advance

First Bank reinforces financial inclusion, disburses N17 billion

First Bank reinforces financial inclusion, disburses N17 billion

Finance
First Bank of Nigeria Limited, a leading financial inclusion services provider, recently announced that loans in excess of N17 billion had been disbursed to individuals, across the country. The loan disbursement is carried-out through FirstAdvance, its digital lending solution. FirstAdvance is designed to offer convenient and easy access to cash for salary earners whose accounts are domiciled with FirstBank and have received regular salaries for two months, prior to the loan request. In barely a year since the launch of FirstAdvance, over 128,000 unique customers in over 782,996 successful transactions have so far benefitted from loans. Processing a loan with FirstAdvance is implemented in less than a minute and it is accessed in two ways, the USSD code or the Bank’s recently upgrade...