RegCharles Signs An Mou With The Imo Pilots Transport Association (IMPTA)

 

 

 

 

 

 

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RegCharles Signs An Mou With The Imo Pilots Transport Association (IMPTA).

 

 

Working in alignment with the Central Bank of Nigeria’s target to reduce the nation’s financial exclusion segment by 20% through empowerment and provision of economic opportunities to the bottom of the pyramid (BoP) thereby improving their quality of life (QoL); RegCharles Finance and Capital Ltd has extended its tailor-made financial solutions and advisory services to the Imo Pilots Transport Association (IMPTA) by signing a Memorandum of Understanding (MoU) with the party on the 19th June, 2014.

 

The memorandum of understanding (MoU) was signed to enable RegCharles Finance and Capital Ltd professionally manage a N120m Micro Credit Fund for the Tricycle operators, coupled with promoting access to a range of services that engender financial inclusion for operators in the sector. RegCharles Finance and Capital Ltd had, earlier in the year 2014, established a strategic alliance with Stanbic IBTC and this collaborative mechanism would be maximally utilized for the benefit of the Association in Imo state.

 

RegCharles Finance and Capital Ltd, through this initiative, will be responsible for providing tricycles to members of the association whilst repayment will be structured over a period of one year. In doing this, RegCharles would have succeeded in achieving:

     •  Job creation for thousands of individuals

     •  Financial Inclusion for members of the BoP by encouraging the use of mobile money platforms for repayment

     •  Reduction in the incidence of crime in Imo state

     •  Poverty reduction

     •  Improvement in the economy of Imo state

     •  Enhancing the brand of Imo State as a whole

 

RegCharles Finance and Capital Ltd, being a social impact investing company for micro, small and medium enterprises (MSMEs), would utilize this partnership to foster; financial inclusion, wealth/job creation, rebranding for productivity, professionalism and expansion of the Tricycle operators’ scope.  The firm intends to achieve this feat by leveraging on its core resources in providing sophisticated and most innovative financing, advisory services and solutions to its chosen markets via creating extended platforms through strategic alliances and partnerships.


With the utilization of its models, RegCharles Finance and Capital Ltd believes that the overall benefits of this partnership would lead to empowerment of more households through job creation, improved quality of life (QoL) and an enormous contribution to the nation’s GDP.

 

RegCharles Finance and Capital Limited…..”Succeeding with you!”

 

 

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