- Sector Social entrepreneurship & Impact
- Country Nigeria
- Founding date May 2019
- Stage Paying users
Over 70 million Nigerians, comprising mainly of low and middle income earners lack access to credit facilities with some sort of ease. The requirements for loans are often humongous with Interest as high as 60%; this is the gap that 5netcoop fills. The App is a platform for saving/contribution into a central pool at 16% yearly interest, and allows access seamless loans by all users.