MAY 28, 2020

 

We are excited to announce a second Nigerian partnership with CIT Microfinance Bank Limited, a subsidiary of Capitalfield Investment Group Limited. Following our expansion into Nigeria last November & earlier partnership with Purple Money Microfinance Bank, we’re working to improve product and service offerings for Nigerian MSMEs by adding additional financial service provider partners. This new partnership is the continuation of these efforts and demonstrates Bloom Impact’s commitment to Nigerian MSMEs and increased financial inclusion for the un/underserved market of small business owners.

 

CIT’s mission of “empowering small business owners,” demonstrates their shared commitment to Bloom Impact’s dedication to offer small business the educational tools and financial services necessary, such as loans, savings accounts, credit reports & more, to thrive in a cost efficient, digital and accessible manner. CIT is committed to a customer-centric approach that promotes inclusion through internet & mobile banking as well as community development associations that offer value-added financial products.

 

Through the partnership, Bloom Impact aims to increase the efficiency and range of products offered to MSMEs. Bloom Impact will provide CIT and Purple Money with verified and suitable leads as well as business management tools. Bloom Impact and its two partners are committed to help grow Nigerian small business, create employment opportunities, educate business owners on best business practices and promote financial inclusion through digital innovation.