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Nairaland Forum / Science/Technology / Programming / Do You Give Loans To Your Thrift Customers (1019 Views)
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Do You Give Loans To Your Thrift Customers by 1saed: 4:24am On Jul 05, 2021 |
Hi I want to find out about your business as a daily contributions collector As I interact with more thrift collectors, I often ask them the same question " Do you give soft loan to your customers " A good number of them will quickly tell you no To them, its very difficult to keep track with their records, since daily contributions is already with its own bulky book keeping. Here is one solution, I'll like to introduce to you Asides keeping daily records of transactions for you, it can also help you manage loan to your customers. We hope this solution impacts your business positively too Here is the link to the app http://thriftplus.pythonanywhere.com You can reach us on WhatsApp +23407031009036 Mathew |
Re: Do You Give Loans To Your Thrift Customers by airsaylongcome: 9:20pm On Jul 05, 2021 |
How does this thrift business work in Nigeria? Do the contributors get interest in their deposits? 1 Like |
Re: Do You Give Loans To Your Thrift Customers by 080bjaked(m): 12:13pm On Jul 06, 2021 |
1saed: Maybe you can discuss how your app/platform works. How does it manage interest rates? How secured is it since we are dealing with personal data and financial information here. How is it hosted? Locally with the client or centrally by you? How will customization requests be handled? What redundancy is in place incase of system outage or so? and so on . |
Re: Do You Give Loans To Your Thrift Customers by AgentGoat: 7:34pm On Jul 06, 2021 |
airsaylongcome: No. |
Re: Do You Give Loans To Your Thrift Customers by airsaylongcome: 7:39pm On Jul 06, 2021 |
AgentGoat: Mind me asking what the business model is? Why would I want to save money in a thrift business (which I assume doesn't pay interest) and not a bank? How does the thrift collector make money? |
Re: Do You Give Loans To Your Thrift Customers by AgentGoat: 7:48pm On Jul 06, 2021 |
airsaylongcome: The collector takes the contribution of the last day of the month. The month of July is 31 day and am contributing #100 everyday which should amount to #3100. He will give me 3k and take 100. it's just a way saving of money. |
Re: Do You Give Loans To Your Thrift Customers by 1saed: 3:55pm On Jul 17, 2021 |
There are loads of questions already generated. I want to take time out to provide my fair response to you all. 1. Thrift businesses by default, do not pay interest to its customers. However, there is a type of thrifts , where customers cash out at predetermined interest rates. This is the target savings. 2 |
Re: Do You Give Loans To Your Thrift Customers by 1saed: 4:00pm On Jul 17, 2021 |
airsaylongcome: Yes.....contributors can get interests on savings ( deposits) provided they choose target savings as their product! But most thrifts collectors don't offer such product, cos they don't have to tools to manage the process |
Re: Do You Give Loans To Your Thrift Customers by 1saed: 4:01pm On Jul 17, 2021 |
080bjaked: Are you a thrift collector? Do you run a thrifts business? This app is definitely for you! |
Re: Do You Give Loans To Your Thrift Customers by airsaylongcome: 6:05pm On Jul 17, 2021 |
1saed: Thanks. So the collectors themselves what do they do with the funds saved? Like do they then invest the savings in an investment vehicle like banks do? Regarding availability of the tools, would that be like a Banking software to manage multiple account holders across say multiple branches? Care to shed more light on "target savings"? |
Re: Do You Give Loans To Your Thrift Customers by airsaylongcome: 6:07pm On Jul 17, 2021 |
1saed: I have been evaluating a core banking software that could be used in businesses like Thrift business. You seem to be knowledgeable about this. Mind if I contact you outside of NL? If yes how? |
Re: Do You Give Loans To Your Thrift Customers by 1saed: 6:31am On Jul 19, 2021 |
airsaylongcome: Thank you for your interest in reaching out to us. A contact is contained in the original past, you can reach us through it Thank you. additionally, you could send an email to thriftplus1@gmail.com Or 07031009036 Thank you |
Re: Do You Give Loans To Your Thrift Customers by 1saed: 6:48am On Jul 19, 2021 |
airsaylongcome: Hi, Thank you for your questions 1. Its up to the collectors, to do what they pease with customers' monies. However he chooses to handle them, its entirely up to him, but he should also remember that most customers dont keep money beyond two months. Besides, they don't want to hear stories when they request a Cash out! 2. Yes, you can create more [instances of ] branches, as you expand the frontiers of your business. Thriftplus allows you create additional branches, if that option is included in your licensing package, otherwise you will have to get the license which allows you do so. Once the branches are created on the platform, you begin operations instantly and as the business owner, there are tools you can see to manage all your branches in a single view 3. Target savings is a package Being offered by businesses that organized themselves into cooperatives. You set a goal, and a duration. The system handles the nitty gritty. If you meet your goal , you get a rewarded. This is the only time you earn as adaily contributor Thriftplus goes beyond this. It provides more options for business owners to offer more services to their customers and thus make more money for expansion ( this is the end game for all our clients using our product) If there are other questions..... Pls throw them Once we get wind of them, we'll provide answers. Thank you, Mathew 07031009036 Here, for emphasis sakee, is the link http://thriftplus.pythonanywhere.com
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Re: Do You Give Loans To Your Thrift Customers by Bizstud: 11:01pm On Jun 08, 2022 |
I have a question. Is there any regulatory body that issue license for thrift collectors? We know banks need to get license from CBN and other financial houses need to get theirs from SEC. In summary, what do I have to do to start a thrift collection in Nigeria in a way I won't be disturbed by anybody while in operation. Your response will help me a long way. Thanks in anticipation |
Re: Do You Give Loans To Your Thrift Customers by airsaylongcome: 9:52am On Jun 09, 2022 |
Bizstud: You'd need to setup a cooperative for that. Then you can legally collect thrift from the members. The alternative which is what OP is trying to do is to offer a paid automated solution and partner with several co-operative to use your solution for a fee. Google SACCOs and software for them |
Re: Do You Give Loans To Your Thrift Customers by phr33man(m): 3:36pm On Jun 09, 2022 |
airsaylongcome: Thanks for the info. So i need no license to collect funds from people, right? |
Re: Do You Give Loans To Your Thrift Customers by airsaylongcome: 3:40pm On Jun 09, 2022 |
phr33man: If you have a cooperative setup or are providing the service for a cooperative... Yes you don't need a license. You do need a license to setup a cooperative. But it's not so difficult to get. |
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