As part of its mission to help people live a better life, Fintech company Riby took to the Makoko community in Lagos to launch the Makoko Cooperative under its Loans to Savings Scheme.

Many of the traders in one of the most popular slums in Lagos have little or no savings, so through to the Loans to Savings schemes, Riby gives them loans to help them boost their businesses.

When they pay back the money, part of it goes towards the loan repayment, while another part goes towards opening a savings account for them.

The Baale of Makoko, who was present at the launch, thanked Riby for the opportunity given to the indigenes to boost their earnings, saying it was a welcome development.

Riby provides a platform that allows people to manage their cooperatives and savings groups, 100% digital. Visit www.riby.ng for more information.

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