About the Partnership
The partnership is aimed at offering financial services at OCP Africa locations across Nigeria. Some of the services on offer include but are not limited to Financial Literacy and Education Sessions, Bank Verification Number (BVN) Registration (Biometrics), Bank Account Opening, Social Lender Onboarding & Social Reputation Scoring,Cash Withdrawal Services via Social Lender Platform, Electronic Payment via Social Lender Platform, Cash Deposit & Collections Services, Input Credit (starting with Fertilizer) based on Social Reputation Score, Bridge Financing / Access to Quick Cash based on Social Reputation Score, Micro insurance and much more.
This partnership will allow OCP Africa to work with Social Lender to provide access to finance for farmers. OCP Africa is currently in 31 locations across 11 states in the country. Social Lender is also currently running its own program in 6 states across the country. This partnership would allow for these touchpoints to be used as hubs for all of Social Lender and OCP’s financial inclusion and community empowerment programs. This is a joint effort between Social Lender and OCP to improve the quality of lives of individuals within these communities. The aim is to target tens of thousands of farmers with the intention of empowering them over the course of the program. A large number of these farmers lack financial literacy and the programme is geared towards financially liberating these farmers.
About Social Lender
Social Lender helps financial institutions and other organizations offer financial services based on social reputation to individuals who are under-banked or have little or no access to formal financial services. Social Lender is a Digital financial service solution based on social reputation on mobile, online, offline and social community platforms.
The solution is designed to bridge the gap of immediate access for people with limited access to formal financial services. Social Lender uses its own proprietary algorithm to perform a social audit of the user on mobile, online, offline and social platforms and gives a Social Reputation Score to each user. Financial Services are g justuaranteed by the user’s social profile and network. Users gain access to services like credit, savings, leasing and much more from banks and other organisations based on their social reputation.
More on Social Lender at www.sociallenderng.com
About OCP Africa
Created in 2016, OCP Africa, a subsidiary of OCP Group, aims to contribute to the development of integrated agricultural ecosystems in Africa. OCP Africa works hand in hand with farmers to enhance the agricultural potential of the African continent through solutions adapted to local conditions and to the needs of soils and crops. In partnership with a network of partners, including governments, non-profit organizations, and companies, OCP Africa works continuously to put all the necessary conditions for the benefit of farmers.
OCP Africa is present in many African countries through the opening of subsidiaries and/or representative offices (Ivory Coast, Senegal, Cameroon, Kenya, Ghana, Nigeria, Zambia, Benin, Tanzania, Ethiopia, Burkina Faso, and Rwanda). It is also helping to secure the production of affordable fertilizers near major agricultural pools, to strengthen its logistical capacities and to develop new local distribution networks.
OCP Africa is rapidly growing its reach in Nigeria, partnering with farmers, distributors, and local stakeholders to foster a thriving agriculture-business ecosystem. Our primary focus in Nigeria includes educating farmers and members of the supply chain about fertilizer needs, best practices and increasing farmers’ access to finance and markets.
More on OCP Africa at www.ocpafrica.com
