A lot of Nigerian adults are not adequately served by the formal financial sector and remain largely unbanked; they find mainstream financial services to be unaffordable, unresponsive and unfriendly. As these limits their opportunity to save, they are forced to rely on informal modes of savings like thrift collectors.
These collectors help people to save and borrow at a local level. However, they also face major challenges like dealing with defaulters, transparency issues, and also sometimes these collectors end up embezzling funds under their control.
Adashi is providing a credible and easy way for unbanked and underserved customers to save money through a reliable network of agents or thrift collectors.