WEBVTT 1 00:00:08.359 --> 00:00:12.519 I focus on good evening. Wherever you are listening in, if you're from 2 00:00:12.599 --> 00:00:16.640 Nigeria, the America, South America, wherever you are, welcome to a 3 00:00:16.760 --> 00:00:22.679 Twitter space with me khalu Aja. Here we talk money, finance and of 4 00:00:22.679 --> 00:00:27.719 course the economy, but we want to make it personal. How do all 5 00:00:27.800 --> 00:00:35.560 these concepts affect your personal wallet? And today we are talking about credit right 6 00:00:35.880 --> 00:00:40.280 credit, personal credit, business credit, but we're doing not focus more. 7 00:00:40.320 --> 00:00:45.240 I believe on personal credit. Just to give you some background, the figures 8 00:00:45.240 --> 00:00:51.439 for Nigeria are abysmal. I saw at that's a point from the Enhancing Financial 9 00:00:51.439 --> 00:00:57.719 Inclusion and Access in Nigeria. That's an organization that tracks financial inclusion in Nigeria 10 00:00:58.039 --> 00:01:03.759 and they posted that I believe the amount of Nigerians that have accessed credits i 11 00:01:03.840 --> 00:01:08.400 e. The amount of adult Nigerians and the banking population as accessed credit was 12 00:01:08.439 --> 00:01:14.159 below five percent. If you take a total number of Nigerians that can have 13 00:01:14.280 --> 00:01:19.719 a bank account, less than five percent have accessed credit since nineteen sixty. 14 00:01:19.920 --> 00:01:23.200 I mean that's not gonna That's a point that's really like a that's really a 15 00:01:23.319 --> 00:01:27.599 drug on the economy. Without credit, we all know you cannot grow the 16 00:01:27.680 --> 00:01:33.920 informal sector, especially sames that need credit at that level. And also now 17 00:01:33.920 --> 00:01:38.760 that we have the economy and the demographics of who we call a worker changeing 18 00:01:38.879 --> 00:01:46.319 where you have workers working across boundaries, across countries, no sell remote work 19 00:01:46.480 --> 00:01:49.760 and all that no COVID has introduced. We now have a different kind of 20 00:01:49.760 --> 00:01:55.640 workforce using different kinds of needs for credits. Right, So it is a 21 00:01:55.680 --> 00:01:57.640 good idea to talk to one of the providers, know the guys that are 22 00:01:57.680 --> 00:02:01.719 in the space a bit a fintech, to get their perspectives, you know, 23 00:02:02.079 --> 00:02:07.599 and then see what they are doing can impact we as the consumers and 24 00:02:07.639 --> 00:02:13.360 of course the same folks how we can impact us and hopefully grow our business. 25 00:02:13.400 --> 00:02:16.520 So my pusure to have the guys from cabin here with us. You 26 00:02:16.560 --> 00:02:22.479 needs to talk about the admission on how they want to recognize the banking landscape. 27 00:02:22.879 --> 00:02:23.919 So let's get them on here. Hey, cabin, Hi, guys 28 00:02:23.919 --> 00:02:32.520 doing Okay, guys, you gotta hit their own mute and then you got 29 00:02:32.520 --> 00:02:37.080 to speak, so before they get that sorted up, right, So let 30 00:02:37.080 --> 00:02:39.879 me lay it out for you guys again, you cannot look at any economy 31 00:02:40.439 --> 00:02:47.199 anyone right where there is no access to credit and you see the GDP growing 32 00:02:47.719 --> 00:02:53.960 or wealth increasing. Literally, if you plot Nigeria, if you plot Nigeria 33 00:02:53.039 --> 00:03:00.240 and you look at where credit is given and where the GDP pack capital is 34 00:03:00.319 --> 00:03:04.599 high, you see a correlation. So you see legos where you have a 35 00:03:04.719 --> 00:03:13.199 larger concentration of bank banks and banking services has a faster growth in terms of 36 00:03:13.240 --> 00:03:17.599 productivity and in terms of personal world creation. Then say other states where you 37 00:03:17.639 --> 00:03:21.680 don't have a large number of banks. Literally, there are some banks in 38 00:03:21.800 --> 00:03:24.719 some states that are just what we call deposit collectors. And then you come 39 00:03:24.719 --> 00:03:30.560 to some states where we have credit creators. Whatever creates is created. That's 40 00:03:30.680 --> 00:03:37.520 where you then have wealth being created and banking in the injury of it. 41 00:03:37.639 --> 00:03:40.919 I don't think it's banking creating Niger has been done by banks. Now we 42 00:03:42.039 --> 00:03:46.439 have the thinter guys coming in, like carbon coming into the offer credit. 43 00:03:46.719 --> 00:03:52.879 It's a very very important you know, in development. Without disseminating credit to 44 00:03:53.039 --> 00:03:59.400 the middle the small medium actuisted micro credit, you don't have an economy. 45 00:03:59.599 --> 00:04:03.759 It's us that simple. So it's very important. Like whatever the government does 46 00:04:03.840 --> 00:04:06.919 or that the CBN does, they're able to you know what you say on 47 00:04:08.039 --> 00:04:15.560 shackle the financial landscape to allow more players deliver access to credit. Its all 48 00:04:15.599 --> 00:04:20.360 called the funcion inclusion. Deliver access to credit right to the population. So 49 00:04:20.399 --> 00:04:26.360 I'm waiting on cabin to on mute so you can get this conversation started. 50 00:04:26.639 --> 00:04:29.079 I want to learn a lot more about them. I see them on the 51 00:04:29.120 --> 00:04:31.800 space. Once they're an mute, I give out the mic and that we 52 00:04:31.839 --> 00:04:34.879 can get going. But for now it's going to talk. You know my 53 00:04:35.079 --> 00:04:40.600 thing, you know, wealth creation is now it's you. You can have 54 00:04:40.639 --> 00:04:43.480 all the goals you can have, You can have all the means, all 55 00:04:43.519 --> 00:04:47.079 the research, but without that access to credit, you really aren't going anywhere. 56 00:04:47.240 --> 00:04:54.800 A startup in San Francisco can get credit. So their failure is not 57 00:04:54.920 --> 00:05:00.519 because they don't have credit. The business idea could feel. But the best 58 00:05:00.600 --> 00:05:03.399 business idea in Nigeria can't get credit. I don't give you guys. It 59 00:05:03.439 --> 00:05:10.560 as a point less than five percent of Nigerian's Nigeran banking population since nineteen sixty 60 00:05:10.839 --> 00:05:15.160 has not been able to access credit from a bank right. So what that 61 00:05:15.199 --> 00:05:21.000 means is that we've cart then creates non banking alternatives to get in credit. 62 00:05:21.360 --> 00:05:26.839 Just today I put it on my handle. How startups can get credit. 63 00:05:27.240 --> 00:05:32.639 Startups should not go to banks for credits. Banks are not designed for startup 64 00:05:32.759 --> 00:05:39.399 finance because bank loans are short term and are quote are quote expective. Banks 65 00:05:39.399 --> 00:05:43.319 are designed for your working capital. You have a need that are going to 66 00:05:43.360 --> 00:05:46.040 get cash soon. You go to a bank, you take that loan. 67 00:05:46.319 --> 00:05:49.560 You're cleaning up right. You don't take a bank loan to start a business. 68 00:05:49.720 --> 00:05:55.000 No, you use your family and friends, use your own capital. 69 00:05:55.399 --> 00:06:00.680 You use equity, long term equity. That's how you start a business, 70 00:06:01.199 --> 00:06:05.839 not with a bank loan. So we want to see more of So let's 71 00:06:06.000 --> 00:06:10.879 zeem. You now have the equity from your business. Your family give you 72 00:06:10.920 --> 00:06:13.720 some money, your friends give you some money. You sold your car, 73 00:06:14.160 --> 00:06:17.040 sold your line that you then start this business. You then have a contract 74 00:06:17.160 --> 00:06:20.040 or you don't have a pitch jore you're going to do and if you do 75 00:06:20.120 --> 00:06:24.879 that contract with that pitch, you then't get payments back saying ninety days or 76 00:06:24.920 --> 00:06:29.319 one eighty days. That's when you go to a bank to finance that transaction 77 00:06:29.560 --> 00:06:31.079 because it's more of short term, right. So you do a line, 78 00:06:31.480 --> 00:06:34.759 you can use your credit card if possible. That's when you use a bank 79 00:06:34.839 --> 00:06:39.399 loan, but to set the business up, to hire people, to get 80 00:06:39.399 --> 00:06:43.519 an office, to buy your equipment. Be careful about going into the banks. 81 00:06:43.519 --> 00:06:45.959 There's nothing wrong with the banks. That's what they're designed to do. 82 00:06:46.240 --> 00:06:50.000 Banks don't finance startup. Their deposits are short term. They are there to 83 00:06:50.120 --> 00:06:56.199 help you who can capital air equity, from your family, from your friends, 84 00:06:56.240 --> 00:06:59.439 from seed. That's how you find the startup. And if you look 85 00:06:59.439 --> 00:07:03.920 at all at seed round seed abced all have different classifications when you can get 86 00:07:03.959 --> 00:07:08.399 them, when you can get them, and how you should use them. 87 00:07:08.480 --> 00:07:13.160 But you do not want to use short term high interest bank credit before then? 88 00:07:13.240 --> 00:07:15.680 Get alone? All right, folks, I'm not seeing cabin on me, 89 00:07:15.800 --> 00:07:17.639 so I'm also going through the floor open guys. If you have a 90 00:07:17.720 --> 00:07:20.959 question, we want to talk back credit, I can do that for you. 91 00:07:21.759 --> 00:07:26.360 Let's see what I can do. Are we seeing what's happening in the 92 00:07:26.480 --> 00:07:29.399 Niger banking sector? Guys? I see what's going on right now? Well, 93 00:07:29.480 --> 00:07:32.480 have we've gone from the floating exchange rates to what we have right now? 94 00:07:32.839 --> 00:07:35.680 How is that affecting your banking? Is it better for you if you 95 00:07:35.759 --> 00:07:39.240 go to your bank? Are you able to get alone? Yeah? That's 96 00:07:39.240 --> 00:07:43.759 also a topical because about next week. But I'm here, let me go 97 00:07:43.839 --> 00:07:48.240 to my DMS and see if the shy folks. Okay, yes, someone 98 00:07:48.360 --> 00:07:54.000 is asking what is a native? That's what I want Cabin to answer. 99 00:07:54.399 --> 00:07:59.959 What's a digital native? I understand that you mean in the current work environment 100 00:08:00.160 --> 00:08:05.319 where you are doing remote work or you're walking bound bound borderless. Right, 101 00:08:05.639 --> 00:08:11.120 you're walking Nigeria. You're getting paid by someone else in a different country. 102 00:08:11.079 --> 00:08:18.040 Essentially, that's basically where that's basically where that company if you're a native. 103 00:08:18.199 --> 00:08:20.560 Yeah, okay, hold up, I'm going to remove these guys from a 104 00:08:20.600 --> 00:08:24.439 host. So if you're a host, you can speak. There we go. 105 00:08:28.560 --> 00:08:33.000 So I'm gonna put you guys as speakers and hopefully you can accept. 106 00:08:33.679 --> 00:08:37.279 We're waiting on you, guys, so don't keep us waiting. Go ahead, 107 00:08:37.320 --> 00:08:41.519 Caban, accept the invite to speak, and then just get right in 108 00:08:41.559 --> 00:08:45.120 here. But let me go back to my DMS as usual. So that's 109 00:08:45.120 --> 00:08:46.720 why I think a Dutel native is. But I'm not not a tech guy, 110 00:08:46.840 --> 00:08:50.879 right, so the tech folks would come up and would be able to 111 00:08:50.879 --> 00:08:54.200 tell us what its alternative is. But look at it. This week, 112 00:08:54.919 --> 00:08:58.360 I got a a DM from a guy I think was this week. He 113 00:08:58.440 --> 00:09:03.759 walks in Injuria. He ends net net twelve thousand dollars net every month. 114 00:09:03.759 --> 00:09:09.159 That's where he net every month. But he's living in Nigeria and he gets 115 00:09:09.159 --> 00:09:11.879 that money when he comes into a foreign work account and they can get access 116 00:09:11.919 --> 00:09:16.519 to it to change in Nigeria. That sort of guy is what you're seeing 117 00:09:16.600 --> 00:09:18.799 now. At the norm in Nigeria were lots of it. Folks are now 118 00:09:18.840 --> 00:09:26.039 applying their trade across borders, getting paid in different jurisdictions, and those funds 119 00:09:26.159 --> 00:09:30.080 or those kind of workers are not going to go to walk into a Nigerian 120 00:09:30.159 --> 00:09:31.840 back and say I want to take a loan because they don't get it. 121 00:09:31.840 --> 00:09:35.879 They don't get paid in Nigeria, right, so you can't do a replication 122 00:09:35.960 --> 00:09:39.000 of income sick with Nigerian sources. You might have to maybe right to the 123 00:09:39.080 --> 00:09:43.080 US time. But still he's an outsourced guy. He's not a staff, 124 00:09:43.080 --> 00:09:46.679 he's not an employee. He has no credits or he has no no pay 125 00:09:46.799 --> 00:09:50.080 slip. You know, he wasn't employed. It's a gig economy. He 126 00:09:50.159 --> 00:09:54.240 does this. He gets paid where he's on a long term you know he's 127 00:09:54.440 --> 00:09:58.000 they've held them for a long term and he worked with different employers. So 128 00:09:58.039 --> 00:10:01.600 that kind of guy walking to a Nigerian bank, right, how does it 129 00:10:01.679 --> 00:10:05.279 get credit? That's the whole idea. How does he get credit? This 130 00:10:05.360 --> 00:10:09.159 is what we really we are going to talk about with cabin Right. So 131 00:10:09.000 --> 00:10:11.720 if you come to situation and a jam bank, don't ask you what's so 132 00:10:11.879 --> 00:10:16.200 collateral? What's your source of income? What do you want to use to 133 00:10:16.679 --> 00:10:20.000 the funds for? You might be feeling an application. It goes to a 134 00:10:20.120 --> 00:10:22.639 human to approve it and then it comes back to you. But we want 135 00:10:22.679 --> 00:10:26.240 to democratize that credit, you know, to make it When we say what 136 00:10:26.320 --> 00:10:28.320 democratization, you know what it means. Now take it down to the root 137 00:10:28.399 --> 00:10:35.000 level to make it easier for this class of folks. Right, that class 138 00:10:35.000 --> 00:10:37.720 of folks we want to walk into back and say this is what I do. 139 00:10:37.799 --> 00:10:39.679 This is a new economy and I'd like to get credit to do this. 140 00:10:39.840 --> 00:10:43.320 We may buy a computer or a server. How can you help me? 141 00:10:43.759 --> 00:10:48.159 Now those loans, We want those loans to be faster, Right, 142 00:10:48.360 --> 00:10:52.799 I want approach to be faster because it's more targeted and we want to get 143 00:10:52.840 --> 00:10:58.840 that is listening to us to understand exactly what we are asking him to do. 144 00:10:58.039 --> 00:11:01.200 So when we tell him work for two or three employers, he understands 145 00:11:01.200 --> 00:11:05.320 it is a power gig. He knows we don't have a collateral, that 146 00:11:05.320 --> 00:11:09.799 our collateral is our pay slips, and we don't have to be an employee 147 00:11:09.559 --> 00:11:13.519 to be quote unquote earning from the company. This is what we want the 148 00:11:13.679 --> 00:11:20.840 new and emerging we save providers of capital to understand. Banking is not going 149 00:11:20.879 --> 00:11:24.759 to be the only the only way that you get loans in Nigeria. Right. 150 00:11:26.039 --> 00:11:31.120 Banking is just one one part of the way you get financing. Banks 151 00:11:31.159 --> 00:11:35.480 are not the only source of funds in the country. They're just re save 152 00:11:35.559 --> 00:11:39.000 the biggest and most visible. We have to then create all the means where 153 00:11:39.039 --> 00:11:43.120 we are able to then access credit, especially in this space that does not 154 00:11:43.320 --> 00:11:48.679 have the conventional means to a show that the earned income. So I'm trying 155 00:11:48.679 --> 00:11:52.600 to say in simple English, is this, if you are a digital guy 156 00:11:52.799 --> 00:11:54.600 or you work in a gig economy, is very very difficult for you to 157 00:11:54.600 --> 00:11:58.759 get a bank loan because there are policies or proofers are not set up to 158 00:12:00.000 --> 00:12:03.919 approval bank mode for you. Hence, when we see folks like can't coming 159 00:12:03.039 --> 00:12:07.120 with new products that perhaps to address that gap in the market. We're very, 160 00:12:07.200 --> 00:12:11.240 very interesting, and I'd love to have them on here. I can't 161 00:12:11.240 --> 00:12:15.960 seem to find them so hand on, guys. I mean, I'm here. 162 00:12:16.759 --> 00:12:20.000 I can talk all topics, but I want to talk this particular topic 163 00:12:20.039 --> 00:12:24.039 with this folks. If they don't show them money too. If someone pop 164 00:12:24.120 --> 00:12:26.360 and ask the question, show I'll answer. You. Guys got me here, 165 00:12:26.440 --> 00:12:31.559 so I'll answer. Let me look, um, please advise me on 166 00:12:31.639 --> 00:12:37.200 how I can own a home the next ten years, he says, I've 167 00:12:37.240 --> 00:12:41.039 done my first year. Let me see as a professional engineer. Okay, 168 00:12:41.360 --> 00:12:43.399 I'll tell you if you want to get at home. The question is in 169 00:12:43.480 --> 00:12:46.919 what country? I got cab On here now, so sorry, I'll come 170 00:12:46.960 --> 00:12:48.639 back to you. Hey, how you don't wrot cab On? You may 171 00:12:48.679 --> 00:12:58.559 keeping us waiting? What's happening? I'm good, commission, excellent, excellent 172 00:12:58.639 --> 00:13:01.480 job. All right, So we'd solved the waiting community and I don't get 173 00:13:01.480 --> 00:13:07.120 you started. Everyone. My name is Rianna. I am a product manager 174 00:13:07.159 --> 00:13:13.799 at cab all right. So I've been trying to not tell people without telling 175 00:13:13.799 --> 00:13:16.320 people too much about what you guys, I wanted them to hear it from 176 00:13:16.320 --> 00:13:18.440 the carbon's mouth, right, So what are we talking about today? What 177 00:13:18.639 --> 00:13:22.240 is this thing you bring to us to be legal to be more insights exactly 178 00:13:22.240 --> 00:13:28.159 what it is here? Sure? Um in thanks, I overheard your conversation 179 00:13:28.200 --> 00:13:33.879 parts where we're trans working, um, and so before I give a full 180 00:13:33.919 --> 00:13:39.519 discousure of what are we about just to be background carbons mission is pretty much 181 00:13:39.559 --> 00:13:43.679 simple to be everywhere our consumers cool and play fundamental roads in your lives. 182 00:13:43.720 --> 00:13:45.519 And how do we do it is? One of the ways we do this 183 00:13:45.600 --> 00:13:50.279 is the providing very first utile coal distribution for their unique financial needs. And 184 00:13:52.360 --> 00:13:54.279 on this space we are going to be addressed and how carbon can be a 185 00:13:54.399 --> 00:14:01.039 very quality tool to access credits for young people, distilatives and upporting mobile professionals. 186 00:14:01.639 --> 00:14:07.240 Excellent. So talk to us about why you inspire to do this. 187 00:14:07.519 --> 00:14:11.519 I tried this feeling for you, but talk to us. Why you're doing 188 00:14:11.559 --> 00:14:13.639 this is because it's there a gap in the market or too because you have 189 00:14:13.759 --> 00:14:20.039 a product that's really like set up for this to talk to us these yeah, 190 00:14:20.600 --> 00:14:26.080 thanks, so yeah, why exactly we're doing this. One of the 191 00:14:26.200 --> 00:14:31.759 things we realized before we started pulling out credit facilities. As we began to 192 00:14:31.799 --> 00:14:35.679 transition into a digital bank, we realized there was needs with our kind of 193 00:14:35.879 --> 00:14:39.320 users. And so when we checked the Daila country kind of users that make 194 00:14:39.399 --> 00:14:43.120 us of Carbon, we found out there were middle class, there were young 195 00:14:43.200 --> 00:14:48.399 people with digital natives, and what they needed in addition to their usual cycle 196 00:14:48.519 --> 00:14:54.879 income was credit facility. And what Carbon is doing is we are providing access 197 00:14:54.000 --> 00:15:00.639 to very stress free and simple credit solutions for these users. I like that 198 00:15:00.759 --> 00:15:03.840 world you use cycles at again? Please you? Is that cycle income? 199 00:15:05.039 --> 00:15:09.000 Yes? Cycle income? What does that mean? So one of means is 200 00:15:09.080 --> 00:15:13.759 if if if you you'll beat in twenty five to fourty year old, then 201 00:15:13.799 --> 00:15:16.799 you have your job. Often the note your income comes in, I mean 202 00:15:16.879 --> 00:15:20.519 some people got paid yesterday, so we're going to pait this is we beat 203 00:15:20.559 --> 00:15:24.320 in the twenty ones, twenty twenty seventh, and so between the first of 204 00:15:24.399 --> 00:15:28.279 the month and sometimes the middle of the month with real less most most young 205 00:15:28.360 --> 00:15:33.799 people, most people and paid employment seem to be out of of more your 206 00:15:33.919 --> 00:15:37.440 income and so it will be great to have in such periods you have access 207 00:15:37.480 --> 00:15:41.960 to credit facility. Gotch so small ass I get my in my income, 208 00:15:43.120 --> 00:15:46.480 but because of expenses I'm running low. You guys can step in undo that 209 00:15:46.559 --> 00:15:54.039 working capital bridge pretty much pretty much? So is this targeted talked off? 210 00:15:54.039 --> 00:15:58.039 Who is the sound native? Let's help from you. Who's the town native? 211 00:15:58.519 --> 00:16:03.080 All right? So yeah, thanks coming for us. What we call 212 00:16:03.200 --> 00:16:07.519 a digital native in in in the context of the Internegerian context. Now, 213 00:16:07.799 --> 00:16:14.919 someone who grew up predominantly with access to technology and definitely information agent and have 214 00:16:14.960 --> 00:16:21.000 access to technologience fingerpiece. Yeah, and so we classify those people as digital 215 00:16:21.120 --> 00:16:25.480 natives. Ratcha. So this is like a tech brow tech girl and all 216 00:16:25.519 --> 00:16:30.519 that. So do they have to live in Nigeria or this is like who 217 00:16:30.639 --> 00:16:37.879 is the demographic of give me a demographic? But um, we don't necessarily 218 00:16:37.960 --> 00:16:41.559 have to be in temptable. I think it better put us tech salvy access 219 00:16:41.679 --> 00:16:47.799 to I've got great Internet presence and god access to pretty much comfortable with the 220 00:16:47.840 --> 00:16:52.759 Internet with technology generally as situere. And so that's a typical kind of user 221 00:16:52.799 --> 00:16:56.759 define that you're on this spiece listening en shows that your conversation with use of 222 00:16:56.919 --> 00:17:00.519 social media and you some sort somewhat away to join this kind of space on 223 00:17:00.639 --> 00:17:06.880 finance and so for for demograph will be young people between a preferred between it 224 00:17:06.960 --> 00:17:11.039 of twenty five to forty. And I've got great social media. I will 225 00:17:11.119 --> 00:17:17.279 as pretty much socialist survey man. I've got access to to to go about 226 00:17:17.319 --> 00:17:22.200 a man about the internet. So that's how that's going to classify or decitative 227 00:17:22.240 --> 00:17:26.359 in this context. All right, So now listening, you don't have to 228 00:17:26.519 --> 00:17:30.200 be in Nigeria, and it's not compositions benjury or it's limited to just folksy 229 00:17:30.279 --> 00:17:33.359 Anguria. Gotcha? So let me let me use myself. Let's say I'm 230 00:17:33.400 --> 00:17:38.160 in just Platefu States, right, and I am a twenty a thirty year 231 00:17:38.160 --> 00:17:41.839 old guy. I work for I do it and all that. So what 232 00:17:41.960 --> 00:17:48.000 would you guys use in terms of criteria and processes? If I want to 233 00:17:48.000 --> 00:17:52.319 get a lot of CE fifty thousand myra it just gave it's an emergency in 234 00:17:52.400 --> 00:17:56.119 to buy a new laptop or whatever that broke over the weekend, how would 235 00:17:56.119 --> 00:17:57.559 you guys cry, what's the criteria? Was the process? What do I 236 00:17:57.680 --> 00:18:02.559 do want to? Three four five? How the work? Yeah? And 237 00:18:03.240 --> 00:18:07.880 very simple steps and how to in this particular case, how do you access 238 00:18:08.559 --> 00:18:12.640 credits and your access of credit fascuting? Very simple? You depending on what 239 00:18:12.799 --> 00:18:18.680 device you're making use of. If you Lenadroid and IRIS, you go to 240 00:18:18.720 --> 00:18:23.759 replacetore, you download carbons up and you complete your registration, which is quite 241 00:18:23.839 --> 00:18:30.920 simple. Um once you once you don't with your registration, you and your 242 00:18:30.000 --> 00:18:37.440 particular about getting the credit. FIRSTLAS, we need to have basic credits assessment 243 00:18:37.559 --> 00:18:41.039 on and which is either with you submitting your BV and or your bank statement 244 00:18:41.160 --> 00:18:44.680 and devision. Why we're asking for this is so we can able to just 245 00:18:44.799 --> 00:18:48.279 dodglass and for assessment on I end and from there we are able to offer 246 00:18:48.400 --> 00:18:53.720 you credit fascuting just simple steps. Again, your dial up, you sign 247 00:18:53.839 --> 00:18:57.880 up and you complete your kwise UM to a significant level. There you can 248 00:18:57.880 --> 00:19:03.559 access credity. Do you guys pull my credit score? So I didn't get 249 00:19:04.160 --> 00:19:07.400 I said, do you guys pull like my credit score? I know there's 250 00:19:07.400 --> 00:19:11.839 a credit scoring nine jun. Now I don't pull my credit score to give 251 00:19:11.920 --> 00:19:15.960 me it's not going to be a factor. Well yeah, get decimated out. 252 00:19:17.160 --> 00:19:22.599 Don't play control um in determining the volume or how much you're going to 253 00:19:22.640 --> 00:19:26.839 get access to. Okay, so I wanted in this case fifty thou nira 254 00:19:27.119 --> 00:19:30.839 right, do you have like an income LEBT? I have to be on 255 00:19:30.920 --> 00:19:33.079 to get this stuff now? Or how does it work? Is it that 256 00:19:33.119 --> 00:19:37.279 if you get my baby and do you use my income to just find how 257 00:19:37.359 --> 00:19:40.160 much you give to me? Or is it more like credit? How does 258 00:19:40.279 --> 00:19:41.680 how do you know how much you give to me? All less? So 259 00:19:47.680 --> 00:19:55.039 you're breaking up a bit? So, um, I think it broke up? 260 00:19:55.119 --> 00:20:11.559 Can you get here? You've broken a bit back? Okay, so 261 00:20:11.640 --> 00:20:23.000 let's just um dive in here. Hellosa, I think it's got to discuss 262 00:20:23.119 --> 00:20:26.720 some tech issues there? Let me can you hear me? I can actually 263 00:20:26.799 --> 00:20:29.119 I can actually hear you. Go for it to hear you. Yes, 264 00:20:30.160 --> 00:20:32.519 I'd ask the question and you can hear me. I'd ask the question. 265 00:20:32.640 --> 00:20:34.720 Right, So if I give you my baby and right, and I want 266 00:20:34.759 --> 00:20:38.400 to get fifty thousand a loan? How does that work? Do you look 267 00:20:38.440 --> 00:20:42.200 at my income to determine how much you give me as a loan or my 268 00:20:42.440 --> 00:20:45.920 assets? How does it work? Like if you could share just be the 269 00:20:47.160 --> 00:20:52.119 internel? How does it work? Yeah? So for you to get fifty 270 00:20:52.160 --> 00:20:56.039 thousand ear alone? Now, um, you've we've got a variable post credits 271 00:20:56.119 --> 00:21:00.799 assessment process. And in addition to like you made mention o giving and we 272 00:21:02.039 --> 00:21:06.799 would require you to provide your bank statement, and this we give us a 273 00:21:07.079 --> 00:21:11.319 rowth ideas to your to verever your income. And more importantly, we also 274 00:21:11.359 --> 00:21:15.799 adopted that to income ratio, which is two measures our customer ability to pay 275 00:21:15.839 --> 00:21:21.640 back and without putting it in such a polison manner. And all of these 276 00:21:21.680 --> 00:21:26.519 points, all of these factors come into play when determining how much how much 277 00:21:26.920 --> 00:21:30.119 you can get access to actus. I hear you say that income level. 278 00:21:30.200 --> 00:21:33.079 I he you say income. Those are two big, big things that we're 279 00:21:33.119 --> 00:21:36.559 going to focus on if you don't get it, Alane, right, So 280 00:21:36.799 --> 00:21:40.039 my most important question is what's the interest rates I would pay? You know, 281 00:21:40.119 --> 00:21:44.119 I would use what ap are bolendos is as interest rating. And what 282 00:21:44.279 --> 00:21:47.279 would I pay if I would get a non office How much do you guys 283 00:21:47.359 --> 00:21:52.640 charge me? And how long could I Yeah? So for fully interest rates. 284 00:21:52.680 --> 00:21:57.400 It's really dynamic in the sense that for every customer we will developers common 285 00:21:57.440 --> 00:22:02.119 with develop an Internet income model. And what I thought is that the different 286 00:22:02.160 --> 00:22:06.400 factors are conting to play when determined the interest for particular facility. So for 287 00:22:06.480 --> 00:22:11.599 example, you employment, I I recommentary, the customers reach level, and 288 00:22:11.720 --> 00:22:15.440 more importantly, the their income level. Pretty much continue to play when determining 289 00:22:15.480 --> 00:22:18.799 one delinete and as such, interest tie level on that. The reason why 290 00:22:18.880 --> 00:22:26.240 we do this is so that it doesn't we don't have um it's a situation 291 00:22:26.359 --> 00:22:29.880 where we get to give customers amounts of money they are don't able to pay 292 00:22:29.920 --> 00:22:33.079 back. So yeah, interest level is quite interest on each loan is the 293 00:22:33.160 --> 00:22:37.880 dynamic complation. Yeah, but what what's the what did you guys have a 294 00:22:37.000 --> 00:22:41.160 minimum maximum cap? What's the how does it work? Like, there's a 295 00:22:41.279 --> 00:22:45.680 question, there's a question. I've got into just two I don't know. 296 00:22:45.759 --> 00:22:48.279 Okay, I know a bank, I know what a bank will charge me. 297 00:22:49.440 --> 00:22:53.480 So what's the range? Like if I got excellent credit, excellent income, 298 00:22:55.359 --> 00:22:57.319 you know, I eat my conflicts and everything, what would you guys 299 00:22:57.400 --> 00:23:03.680 charge? So? Yeah, So a good example is one of the products 300 00:23:03.680 --> 00:23:08.480 and college product called Cabot zero and for the particular product and you would you 301 00:23:08.480 --> 00:23:12.920 would go online and you realize that it's interest free and we do not charge 302 00:23:14.079 --> 00:23:17.359 interest on it is sero percent interest in market basiness. What is charged there 303 00:23:17.519 --> 00:23:22.160 is five percent processing fee and so for such credit fascility right night. Interest 304 00:23:22.400 --> 00:23:26.240 So what I'm saying there is it could be as slow as three to five 305 00:23:26.279 --> 00:23:30.480 percent. But primarily we do not charge a fixed income. We do not 306 00:23:30.559 --> 00:23:34.799 start a fixed interest on this facility. Yeah something, because the reason why 307 00:23:34.799 --> 00:23:37.920 I'm asking is I don't want, you know, to be pulled again into 308 00:23:37.960 --> 00:23:42.559 a loan. Loan should say what's called loan trap? I would because the 309 00:23:42.680 --> 00:23:45.839 guy you've mentioned, these guys I work with this cycle income, right, 310 00:23:45.880 --> 00:23:49.519 they don't get their income's monthly. They don't usually get paid mons by month, 311 00:23:49.640 --> 00:23:52.319 right, So we've got to be careful that if a guy is getting 312 00:23:52.359 --> 00:23:56.279 this income, you know, gets it paid once per gig. You know, 313 00:23:56.400 --> 00:24:00.440 he's not paying this fixed income. You know that it's into his own 314 00:24:00.599 --> 00:24:03.680 principle. He gets money maybe in December, but in April he doesn't have 315 00:24:03.799 --> 00:24:07.200 money. And if it's paying that you know, fixed charge, it might 316 00:24:07.279 --> 00:24:11.480 be a ask this question to get the real cost of the loan. I 317 00:24:11.599 --> 00:24:15.880 love the loan. It sounds like it's it's a targeted way to get funding 318 00:24:15.960 --> 00:24:19.680 to that class of demographic. But the cost is going to be something that 319 00:24:19.799 --> 00:24:23.480 I really would love us to land on if if we could. I hear 320 00:24:23.519 --> 00:24:30.160 you said the zero percent, but yeah, yeah, so full for a 321 00:24:30.240 --> 00:24:33.519 New years that a sizeable commons right now, you can get credit fives lows 322 00:24:33.559 --> 00:24:38.160 five percent five percent All right, guys, you've heard him say that five 323 00:24:38.240 --> 00:24:42.039 percent for users that signed up with you. Okay, So in terms of 324 00:24:42.359 --> 00:24:45.640 if he added other pecks for me, if I take this loan, can 325 00:24:45.720 --> 00:24:48.799 I repay on time? Would you, guys channing? If I repay on 326 00:24:48.880 --> 00:24:51.160 time? If I got the loan, I would think I was going to 327 00:24:51.240 --> 00:24:53.680 pay two months, but I don't like my credits. Maybe next week and 328 00:24:53.759 --> 00:24:57.160 I repay on time? Is there a fee for that? Do I get 329 00:24:57.200 --> 00:25:03.400 bonus point in nis at work? So if you take Happens Roolan or any 330 00:25:03.440 --> 00:25:07.359 other loan on the platform, nobody charges you for paying on time. If 331 00:25:07.599 --> 00:25:12.599 we get through right, they are no penalties if you pay a time or 332 00:25:12.599 --> 00:25:17.880 any of those. What how it works is in area like like an Alia 333 00:25:17.960 --> 00:25:22.799 shared, we try as that as possible to have a very while it's quick, 334 00:25:22.880 --> 00:25:26.079 we ensure it's very detailed. Credit assessment. Don't on each user for 335 00:25:26.160 --> 00:25:30.680 each real application. And I thought, we endeavor not to give you a 336 00:25:30.000 --> 00:25:33.839 quite fastest that it's going to be a boarding to you. And so when 337 00:25:33.920 --> 00:25:37.519 it's a period of a payments, you don't have to struggle with it. 338 00:25:37.880 --> 00:25:41.839 However, life happens, things could be very difficult and give it a very 339 00:25:42.039 --> 00:25:48.799 very volati society, and anything could happen, and as SOUCH, you may 340 00:25:48.880 --> 00:25:51.519 not be able to meet up with the payments, and there we put a 341 00:25:51.680 --> 00:25:56.519 very small charge for you if you're able to meet up with your payment as 342 00:25:56.559 --> 00:26:02.559 initially agreed. So we just don't Okay, okay, I hate you. 343 00:26:02.920 --> 00:26:06.039 I hate that. Let me show you a curveball. This just I'm only 344 00:26:06.079 --> 00:26:11.359 asking this because this came during the week. The CBN has asked um a 345 00:26:11.480 --> 00:26:17.480 fancial institutions to collect a lot of data from their customer's going forward, a 346 00:26:17.720 --> 00:26:23.559 lot of data phone number, residential address, place of births, BVN. 347 00:26:25.000 --> 00:26:29.319 I mean they're asking for social media handle and everything. So let's come to 348 00:26:29.680 --> 00:26:34.359 carbon right in terms of data collection, data privacy. And you're gonna look 349 00:26:34.359 --> 00:26:38.519 at my BVN or before even asked for that. How safe is it? 350 00:26:38.880 --> 00:26:42.079 You know we're all the detailed now if I give my mention of the carbon, 351 00:26:42.640 --> 00:26:47.680 how safe is that? And that's a good that's a good question. 352 00:26:47.960 --> 00:26:52.640 Um. Like you actually pointed out to church yesterday was so the you went 353 00:26:52.759 --> 00:26:56.839 around an internet where the CB and expanded third um the collection of social media 354 00:26:56.880 --> 00:27:03.559 Andrews and so this is a really force a common We're really careful and particular 355 00:27:03.599 --> 00:27:07.200 about this data for my users because they're given in trust. And so yeah, 356 00:27:07.359 --> 00:27:12.160 for the question of data curvacy and security concerns for users in the financial 357 00:27:12.240 --> 00:27:17.240 service space or banking space, we ensure that carbon and we follow the best 358 00:27:17.640 --> 00:27:22.720 practices and standards with data privacy and work very closely between creators. More important, 359 00:27:22.000 --> 00:27:26.000 we ensure that the data that is given in trust by users are not 360 00:27:26.160 --> 00:27:32.599 diverged. We are also put in place very strict standards, including GDP and 361 00:27:32.680 --> 00:27:36.720 PCL. This distensions. We're in peace with the highest level of standards and 362 00:27:36.920 --> 00:27:40.480 ensure that these users. Let I said, these data is not shared or 363 00:27:40.599 --> 00:27:44.079 average with third parties. I get you. So like any of the states, 364 00:27:44.200 --> 00:27:45.799 if I give them my information, they give me the one policy that 365 00:27:45.920 --> 00:27:51.599 says I can sign off if all my information shared, they destroy my information 366 00:27:51.720 --> 00:27:53.920 up place a number of years and not shap nite. I have those positive 367 00:27:55.000 --> 00:27:57.799 piece work and say I don't want my effoations shared and I should be destroyed. 368 00:27:57.799 --> 00:28:00.759 I'm not shape. We haven't asking that question. I'm just seeing a 369 00:28:00.799 --> 00:28:06.240 dortunit. That's a more united that says information collector has got to be destroyed 370 00:28:06.400 --> 00:28:08.720 or this is how we should be used. But it's what noting that that's 371 00:28:08.759 --> 00:28:12.440 something we can, you know, talk around as you say, right, 372 00:28:12.680 --> 00:28:17.119 so someone's asking me a quick on them to just get that cost to someone's 373 00:28:17.119 --> 00:28:21.640 asking do you do educational loans? But the specific questions i' wanted to address 374 00:28:21.720 --> 00:28:26.359 that if you could, if you do educational loans, or if it's going 375 00:28:26.440 --> 00:28:32.599 to fall under this this category more less for now, at CARBON, we 376 00:28:32.680 --> 00:28:36.359 do not offer educational loans. Okay. However, we also have all the 377 00:28:36.640 --> 00:28:41.480 loans that can suit the purposes for education. So once you sign up a 378 00:28:41.559 --> 00:28:45.559 CARBON, there are several loans or qualifiers to which you can gain access to, 379 00:28:45.000 --> 00:28:48.880 which is somewhat also to the work of the medication alone. Okay, 380 00:28:49.000 --> 00:28:52.240 and this is more so since you said you don't offer educational loans. So 381 00:28:52.440 --> 00:28:56.559 are these are mostly personal loans and lines of credit? I eat what cabinet 382 00:28:56.640 --> 00:29:03.839 is offering. Yeah, okay, so I think if I think the personal 383 00:29:03.000 --> 00:29:07.559 loan, do you does the objective if I say I want to use it 384 00:29:07.640 --> 00:29:11.279 for X. So I'm telling you what I wanted to lean for if my 385 00:29:11.359 --> 00:29:12.680 income is book, I go take a loan from you guys and say it's 386 00:29:12.799 --> 00:29:18.759 personal reasons. That why, very very very straightforward us. That kind of 387 00:29:18.559 --> 00:29:22.200 we do need to be particular about to do isn't much. You provide us 388 00:29:22.599 --> 00:29:30.799 with a required uh verification documents, your bank statements, your ving and verify. 389 00:29:30.920 --> 00:29:33.400 You've got a good credit score and you got a good assessment, you 390 00:29:33.480 --> 00:29:38.000 have access to take credits to it turn out reaching scored as and you're going 391 00:29:38.079 --> 00:29:41.920 to go. Okay, quick question for you again, right, what else 392 00:29:41.960 --> 00:29:44.720 are you guys doing in a germ banking space? I hear you said, 393 00:29:44.839 --> 00:29:49.119 what digital bank? How else are you guys using digital technologies just to provide 394 00:29:49.119 --> 00:29:52.759 a similess, complimented banking experience? Right? What else are you guys doing 395 00:29:52.799 --> 00:29:56.759 a parbular loans? You know I've come across Carbon here and there, but 396 00:29:56.960 --> 00:30:00.359 what are you guys doing that? It's so different right, say from say 397 00:30:00.400 --> 00:30:04.079 the big banks. If you could walk us through what makes you guys different? 398 00:30:04.279 --> 00:30:11.599 Take care? Yeah, thanks thanks for the question. Card Um and 399 00:30:11.880 --> 00:30:15.839 Carbon, we're coming a long way. We've transformed from a from a credit 400 00:30:15.920 --> 00:30:21.920 campaign to a credit at Digital bank and aside from offering credit loans. We 401 00:30:22.079 --> 00:30:27.160 also offer a variety of other products or offer over other services um like appeal 402 00:30:27.240 --> 00:30:30.880 payments, like debit cards. You could also get access to the buying a 403 00:30:30.960 --> 00:30:36.880 pay later products and so you have access to savings, two free transfers, 404 00:30:36.960 --> 00:30:40.680 deposits and how your savings account. So pretty much it's a digital bank which 405 00:30:40.720 --> 00:30:45.400 you could these services you could obtain attituational linkacy bank. You can ask market 406 00:30:45.440 --> 00:30:48.680 at Carbon. The difference it's it's it's a lot similars, it's a lot 407 00:30:48.799 --> 00:30:52.079 faster, and it's more it's more accessible for you if you don't have to 408 00:30:52.440 --> 00:30:56.119 ask for free. So regardless of your income level, you can pretty much 409 00:30:56.160 --> 00:31:00.400 access credit. First, you don't have to submit colatter, you don't have 410 00:31:00.480 --> 00:31:03.599 to build. It's not as strange as as a nutritional bank. And it's 411 00:31:03.799 --> 00:31:06.480 very quick. You can get at a station with fingers. So that's what 412 00:31:06.799 --> 00:31:11.920 we and we offer at Carbon. In additional APIFI you mentioned, we also 413 00:31:11.000 --> 00:31:15.680 provide investments, so you could have access to investmentals and we'll talk to you 414 00:31:15.799 --> 00:31:23.720 about that. What does that mean? So if you're going carbonize and you 415 00:31:23.839 --> 00:31:29.400 use it, you could you could you could have the different investment plans you 416 00:31:29.440 --> 00:31:33.720 could also different savings plants that you can choose that suits you weeks at the 417 00:31:33.759 --> 00:31:37.880 title weeks level, and that carbon you have access to all of this, 418 00:31:40.480 --> 00:31:44.079 okay, so like so you have the power of like save money for like 419 00:31:44.160 --> 00:31:48.440 a year a good blood on carbon. Yeah, you could do not not 420 00:31:48.559 --> 00:31:52.799 just the idea. Like like I said, there are different savings UM plans 421 00:31:53.000 --> 00:31:59.839 that you could use, like like vote, it's very dynamic. The savings 422 00:32:00.119 --> 00:32:04.680 also your desive saving that you can take out your money without you could break 423 00:32:04.680 --> 00:32:07.720 your savings. And they also series plan that can be held for as slow 424 00:32:07.759 --> 00:32:12.279 as six months as much as tift months based on your you need or your 425 00:32:12.319 --> 00:32:15.839 exact in time. Pretty much this is something you could share, the interest 426 00:32:15.880 --> 00:32:21.839 on those things and something you could share now or oh yeah, I'm sorry, 427 00:32:22.000 --> 00:32:23.799 can you hear me? Yeah I can. I'm asking is this something 428 00:32:23.839 --> 00:32:30.160 you could share? What does rate to be? You're just asking, um, 429 00:32:30.559 --> 00:32:36.039 so for interest rates? You could The interest varies for all of the 430 00:32:36.160 --> 00:32:39.039 series plans, So if you're saving for a minimum of one month, you 431 00:32:39.160 --> 00:32:44.359 can get very small interest compet if you said for a long com period of 432 00:32:44.400 --> 00:32:47.519 time, but let's it between tens fifteen percents you can get interested currently for 433 00:32:47.640 --> 00:32:52.119 can votes. You can get interests as fifteen point five percents for your savings, 434 00:32:52.759 --> 00:32:58.640 um, um, you couldn't cover? And why for flex you get 435 00:32:59.079 --> 00:33:04.240 interest on night because oh and and I can get that when it's like I 436 00:33:04.359 --> 00:33:07.359 get a higher rate of return when I when I put you guys, but 437 00:33:07.519 --> 00:33:15.920 I get the flexibility. It's online and all that kind of stuff. I 438 00:33:15.920 --> 00:33:17.680 don't know if you if you heard me, all right, so let us 439 00:33:19.000 --> 00:33:21.359 I'm just looking at the DMS. I got some good, great questions for 440 00:33:21.400 --> 00:33:22.359 you here in the DMS, if you don't mind. I don't know if 441 00:33:22.400 --> 00:33:24.640 anyone wants to speak and if you want to take questions, but I've got 442 00:33:24.720 --> 00:33:29.160 a lot of questions and DMS for you, right, so do you mind 443 00:33:29.200 --> 00:33:39.319 me asking you a few? I think it's up again, I gotcha, 444 00:33:39.519 --> 00:33:43.480 all right. So someone is asking on the on the DM like what's the 445 00:33:43.720 --> 00:33:53.279 longest and like tenure that he could get this loan for what what's the term? 446 00:33:53.559 --> 00:33:58.039 I think I didn't constant, So he's asking in terms of the tenure, 447 00:33:58.240 --> 00:34:02.240 right, that was the longest you that? Um, those dis loans 448 00:34:02.279 --> 00:34:05.839 are available for like can you get it for like a year? Is it 449 00:34:05.960 --> 00:34:12.079 a maximum tenure for the loans in question. Yeah, you could save on 450 00:34:12.159 --> 00:34:20.239 carbon aswage way as long as as as long as for a few Okay, 451 00:34:20.400 --> 00:34:22.639 god, okay, I've got till me like I tell that I've got you 452 00:34:22.719 --> 00:34:25.280 on one point. Um, thanks for a person to speak. Uh you 453 00:34:25.480 --> 00:34:35.280 got a question? Hi could hey, I can get you? How you 454 00:34:35.360 --> 00:34:39.199 doing? What are you calling from? Um? Calling from Nigeria? Actual? 455 00:34:39.559 --> 00:34:45.360 Yeah, go for you got a question? So, UM, thank 456 00:34:45.400 --> 00:34:50.079 you for asking you all the questions, um, couple representative. I think 457 00:34:50.159 --> 00:34:53.159 for me as a business or, my question is you need to be different, 458 00:34:53.440 --> 00:34:58.400 And I'm very sure that they are. Probably people will run small businesses 459 00:34:58.480 --> 00:35:04.159 on discal or people are just looking to start our businesses. So for example, 460 00:35:04.239 --> 00:35:07.679 when I started my ticiate business about two years ago, it was just 461 00:35:07.880 --> 00:35:12.000 me doing my thing in my bedroom before you graduated to me getting this story 462 00:35:12.079 --> 00:35:16.119 here in a pujab. And I think one of the major things I wish 463 00:35:16.199 --> 00:35:21.559 I probably had in your access to at that time was enough capital because there 464 00:35:21.639 --> 00:35:23.559 was a lot of demand for my business actually, so it was not just 465 00:35:24.679 --> 00:35:28.920 you know, something abstract that I just wanted to do with the money. 466 00:35:28.960 --> 00:35:32.119 So for business owners like me, I'm probably some of the business owners listening 467 00:35:32.199 --> 00:35:37.719 on this goal. What are the chances of getting loans for small business owners? 468 00:35:38.840 --> 00:35:42.119 You know because when you go to banks, you know, they ask 469 00:35:42.159 --> 00:35:45.880 you to great collaterals and all those things. So for people like course and 470 00:35:46.000 --> 00:35:51.480 then chances us to get lose for us to start our businesses or scale our 471 00:35:51.519 --> 00:35:54.320 businesses. Great question, Great question, right, I mean that's the real 472 00:35:54.440 --> 00:35:58.559 question every wants to love. Right, What do I need? How can 473 00:35:58.639 --> 00:36:00.880 I get access to this? Ask? What know? That's what I have 474 00:36:01.000 --> 00:36:07.840 on my questions. Carbon, You've got a pluster all right? Um, 475 00:36:07.800 --> 00:36:14.400 if I confirmed to me you asking about loans for for or for businesses, 476 00:36:14.960 --> 00:36:17.920 I'm swearing catch a question very clearly towards the engine. Yes, loan for 477 00:36:19.079 --> 00:36:28.400 businesses, but not just businesses, small growing businesses. Um carswell didn't get 478 00:36:28.440 --> 00:36:31.320 to here speaks the questions possible for you. Yeah, she's she's she's asking 479 00:36:31.440 --> 00:36:36.599 that she wants to get access to loans not just for businesses, right, 480 00:36:36.679 --> 00:36:43.360 but small medium, micro businesses. She wants more clarity on on those options. 481 00:36:43.760 --> 00:36:46.760 What are the options for Carbon for small microw is? How can they 482 00:36:46.800 --> 00:36:51.679 get access to those loans? So, I mean she's asking, she's saying 483 00:36:51.719 --> 00:36:55.760 she's an smme, what are the loan products that are least targeted at her? 484 00:36:55.840 --> 00:37:00.199 And she's saying she's not just an SIME quote unquote biggest to me, 485 00:37:00.599 --> 00:37:07.119 but as even is a small MICROSAMI. What a loan tis all right? 486 00:37:07.559 --> 00:37:14.800 Gotcha? Thanks a lot so um for small businesses samis that would require loans 487 00:37:15.599 --> 00:37:22.199 carbon We provide very unique loans for samis. And what would require from you 488 00:37:22.360 --> 00:37:25.719 now is if you're going to sign up to get ASAMI leans, if you 489 00:37:27.000 --> 00:37:31.800 have to provide us with with bank statements and seeds you coup documented shows that 490 00:37:31.840 --> 00:37:36.039 you will regist the business. And what as those for us is that it 491 00:37:36.159 --> 00:37:40.119 helps us determine how much we can provide you. And once you provide us 492 00:37:40.159 --> 00:37:45.000 with this as much a stand millionaire, if you provide is Deplomia, you 493 00:37:45.079 --> 00:37:49.199 see that you've been you've been assessed to it. You know that that amount 494 00:37:49.519 --> 00:37:53.000 and so yeah, there's do not accessible for for entrepreneurs for those buildings small 495 00:37:53.039 --> 00:38:00.199 businesses in Ageria. Audience today is logging to put out to assemblians honest, 496 00:38:00.239 --> 00:38:04.639 and we want to look into the part of and feeling. The required of 497 00:38:05.000 --> 00:38:08.599 feel to SUP requires operating your documents, I provide no necessary information, they 498 00:38:08.639 --> 00:38:15.599 would would get back to your dad. All right to me, and if 499 00:38:15.599 --> 00:38:19.559 you had had this response to me, yeah, thank you so much. 500 00:38:19.599 --> 00:38:23.360 I think that's quite clear and straightforward. Thank you. Question all are you 501 00:38:23.440 --> 00:38:30.480 good? Um? I think I'm good for you? Gotcha, I've got 502 00:38:30.559 --> 00:38:34.920 real, real, real what's up? Real argue? How you don't, 503 00:38:34.920 --> 00:38:43.960 sir? I'm doing fine? Good? A question for yeah, can you 504 00:38:44.039 --> 00:38:45.639 hear me? I can hear you out in pleasure? Go ahead, I'm 505 00:38:45.679 --> 00:38:51.079 good fine. Um. I wanted to ask, like, um, I 506 00:38:51.239 --> 00:38:57.679 like to person that literally just answer. And she said something about small skille 507 00:38:57.760 --> 00:39:04.599 businesses. Right, So I'm a personally I'm working on getting my own registering 508 00:39:04.679 --> 00:39:07.840 my business. I'm almost there so and I want to know, like know 509 00:39:08.000 --> 00:39:14.280 that sometimes when you get this loan, even when you're trying to do what 510 00:39:14.440 --> 00:39:17.000 you want to do, sometimes I think, don't mutch realize instance leaked. 511 00:39:17.360 --> 00:39:22.800 So I want to ask, is it possible that you can give like a 512 00:39:22.960 --> 00:39:29.039 one month break or something starts? Maybe most times when you start a business, 513 00:39:29.239 --> 00:39:32.840 these things don't much realize instantly, you know, like a Wormon break 514 00:39:34.119 --> 00:39:38.679 back moritorium. You're asking it can give you one more mortorium or like to 515 00:39:38.840 --> 00:39:45.039 put together get some shit together and other. That's that's a good question. 516 00:39:45.679 --> 00:39:49.800 I mean what you're asking, you're not saying that they should right, So 517 00:39:49.960 --> 00:39:57.360 carbon did you questions? Yes, I'm asking all right, thanks a lot. 518 00:39:57.440 --> 00:40:01.280 That's that's a good question because I I can understand that. I mean, 519 00:40:01.400 --> 00:40:06.320 if you're a fully pointed out Nigeria can happen, things can be It's 520 00:40:06.320 --> 00:40:12.599 a very interesting situation warning business and a Nigeria. So I quite understand what 521 00:40:12.719 --> 00:40:16.559 you're saying. Nonetheless, I can tell you for the fact that at Cambon 522 00:40:16.960 --> 00:40:22.880 they annoyed in charges. Pros loan processing is quite similar to disposement is great. 523 00:40:22.239 --> 00:40:28.000 However, for situations of breaking or passing the loan as its way. 524 00:40:28.079 --> 00:40:34.199 Currently we do not offer a such level of flexibility where small business or SME 525 00:40:34.559 --> 00:40:37.840 loans can be posed. We do not. We don't know offer that and 526 00:40:37.000 --> 00:40:43.719 so as it were. Currently, what is obtainable is you could once you 527 00:40:44.000 --> 00:40:46.920 operate in Nigeria, regardless of your size, you make muchly sales, very 528 00:40:47.000 --> 00:40:52.199 registered business, you can provide us with an active bank account with divisibility for 529 00:40:52.239 --> 00:41:02.039 the last six months bit in two to five working days and it's dispost immulately, 530 00:41:02.079 --> 00:41:07.840 and yeah, when we do not also prove to pass your your loan 531 00:41:07.920 --> 00:41:12.400 with us. We are very flexible in the sense that we provide weekly your 532 00:41:12.440 --> 00:41:16.320 monty loan repayment. I think that's that's how far we can help with flexibility. 533 00:41:16.599 --> 00:41:21.639 But which we guards posson out wrecking person alone, I don't. I 534 00:41:21.679 --> 00:41:25.039 don't think that's it's physible and we do not going to have a thought or 535 00:41:25.559 --> 00:41:29.159 provide a circum of service. Yeah, you're not there yet. I mean, 536 00:41:29.199 --> 00:41:31.760 I mean it's reasonable because you are also paying interest on the capital that 537 00:41:31.840 --> 00:41:36.039 you have raised to lend out to take pasts. So I get that. 538 00:41:36.159 --> 00:41:39.440 I mean it. I know in the student that in the States, very 539 00:41:39.559 --> 00:41:44.960 very few people do that because real just real. Just make the point that 540 00:41:45.400 --> 00:41:50.920 you right, the bank itself is to getting money from investors to give out 541 00:41:50.960 --> 00:41:53.199 to you. They just make it spread. So if they pause, they 542 00:41:53.239 --> 00:41:57.400 are that means they're going to pay on your behalf. So it's a bit 543 00:41:57.480 --> 00:41:59.719 difficult for them to do it. I think it's a good suggestion, but 544 00:42:00.639 --> 00:42:04.519 until it's going to be tough because you're basically asking them to pay for you. 545 00:42:04.800 --> 00:42:07.599 You know, standing point they borrow and let create what we call a 546 00:42:07.760 --> 00:42:12.719 risk assets when it leads to you. So if you don't pay, then 547 00:42:12.840 --> 00:42:15.159 they also cannot service their own obligations more or less. If that makes sense, 548 00:42:16.559 --> 00:42:22.079 Yeah, it makes sense. But what what about an extension? I 549 00:42:22.360 --> 00:42:25.199 want to do? What's called it? Really information? When you mean by 550 00:42:25.239 --> 00:42:31.639 extension is what you like that you is more for you to extend it to 551 00:42:31.840 --> 00:42:39.320 the like express like it's morphy to extend it, to extend creas to extend 552 00:42:39.400 --> 00:42:50.280 So how would I'm not sure? Like I follow about unite again, I 553 00:42:50.440 --> 00:42:52.519 was saying, like paying, it's more for you to extend it. No, 554 00:42:52.719 --> 00:42:57.320 No, we do not do not. We do not provide I think 555 00:42:57.320 --> 00:43:00.400 it's great premio to try to communicate. I think we don't provide creased period. 556 00:43:00.559 --> 00:43:05.599 You agreed to a particular on a great tenor and as thought, you 557 00:43:05.760 --> 00:43:08.559 are expected to repay within the ten of say six months, one year, 558 00:43:09.000 --> 00:43:15.199 and we do not provide question period. That's a good question. Real, 559 00:43:15.440 --> 00:43:20.599 thanks tell me you got to handle. But that's real. And if you 560 00:43:20.639 --> 00:43:23.360 can hear yeah, I could hear you. I think I think he heard 561 00:43:23.440 --> 00:43:28.880 you. Yeah, that's it doesn't have to me. It doesn't have to 562 00:43:28.920 --> 00:43:31.199 be like monthly. You could it's flexible for you to have a weekly and 563 00:43:31.360 --> 00:43:36.360 so period where you think you you you've got excess cash, you could make 564 00:43:36.480 --> 00:43:39.840 advanced with payment, so you you make allowances for periods where you think you 565 00:43:39.880 --> 00:43:44.360 would have like downtimes. So it's a lot more flexible. We can provide 566 00:43:44.400 --> 00:43:46.480 flexibility with the payment unless I should you have to waste to the end of 567 00:43:46.519 --> 00:43:50.719 the month. You could make it a week and repayment does doesn't work free. 568 00:43:52.360 --> 00:43:54.519 Yeah, it's okay, all right, gotcha, it's okay, Thank 569 00:43:54.559 --> 00:43:58.000 you very much. Tell me if you have a good question and I think 570 00:43:58.159 --> 00:44:00.920 how if you have had a full question, yeah, go for it, 571 00:44:01.199 --> 00:44:08.280 okay. So um the general knowledge I have about UM bank clothes from whate' 572 00:44:08.400 --> 00:44:14.639 breden saying is that you know, you get money and they get to decide 573 00:44:15.039 --> 00:44:17.800 how you repay the money. So let's say, as a growing business owner, 574 00:44:17.880 --> 00:44:22.280 you get like egy or million eira and they tell you you have to 575 00:44:22.320 --> 00:44:28.599 pay this in the next six months with disinterest with carbon is it a bit 576 00:44:28.760 --> 00:44:32.039 more? I know you talked about flexibility, but maybe you can dip diabebt. 577 00:44:32.119 --> 00:44:36.639 So for example, if I come to you to say okay, like 578 00:44:36.800 --> 00:44:39.320 on your app or websites and say I need a little or listen to millionnia 579 00:44:39.440 --> 00:44:45.760 to rule my business and realistically, even based on the realities I have in 580 00:44:45.880 --> 00:44:52.880 my business and focust apart from whatever I have in my um my, what's 581 00:44:52.920 --> 00:44:55.920 a called bank statement is that I can pay back this mone for the next 582 00:44:57.000 --> 00:45:01.119 one year, you know, based on assumption those carbon for very strange reasons. 583 00:45:01.119 --> 00:45:04.679 I'm not sure I hope in this question. But if you have that 584 00:45:04.800 --> 00:45:07.719 plenty you do you mind just repres from me. Yeah, she was asking 585 00:45:07.760 --> 00:45:12.079 the question. She wasn't done, so tell me go ahead and ask the 586 00:45:12.199 --> 00:45:16.119 questions. Now I relate to the cab I want to get her. I'll 587 00:45:16.159 --> 00:45:21.119 just finish her and then you can help me. Reality, So the carbon 588 00:45:21.280 --> 00:45:28.400 offer that um flexibility in time frame rather than the normal star to tree. 589 00:45:28.440 --> 00:45:31.519 If you get this amount, this is the realistic number of months to pay 590 00:45:31.559 --> 00:45:37.400 back. Is there that flexibility based on the fact that you're not liking normal 591 00:45:37.559 --> 00:45:40.800 start to treat band that we all know. So what she's asking is essentially 592 00:45:40.840 --> 00:45:44.960 like if I take a loan from carbons for say five months six months? 593 00:45:45.079 --> 00:45:47.480 Right, and like really is also asking if I have to be flexible in 594 00:45:47.559 --> 00:45:53.199 my repayment. Could I come in and discuss the flex flexible refinancing a women 595 00:45:53.239 --> 00:45:59.440 where I extend the term or I refinance that load for a different covenant as 596 00:45:59.559 --> 00:46:01.360 before I to the loan. I think I think that's what they're about asking 597 00:46:01.480 --> 00:46:06.159 Can I walk into Carbon and sit down, drin and say my cashbo didn't 598 00:46:06.199 --> 00:46:08.800 contrast expected? Could we re nego ship? That's I get the question. 599 00:46:12.800 --> 00:46:15.679 Okay, So I think, yeah, that's actually one of the questions really 600 00:46:15.920 --> 00:46:23.760 as is on, tell me, hold on, tell me you want to 601 00:46:23.800 --> 00:46:29.639 clarify your question? Go ahead. Yes for me, it's been playing from 602 00:46:29.679 --> 00:46:35.559 the from the beginning. So based on all the permutations and reality of the 603 00:46:35.639 --> 00:46:38.519 website and I, you know, registered, and they say, okay, 604 00:46:38.679 --> 00:46:43.000 this money you want to get six months that you have to pay back. 605 00:46:43.519 --> 00:46:46.039 Is there a way where we can discuss with Carbon to say, before I 606 00:46:46.119 --> 00:46:50.639 take this money, I know, like I know my business better than motifized 607 00:46:50.639 --> 00:46:52.679 on the book. Can I pay back in one year? That's what I'm 608 00:46:52.719 --> 00:46:57.440 asking? Okay, gotcha? Also Carbon watch us asking us. I think 609 00:46:57.840 --> 00:47:00.559 she's saying at the very beginning, before she takes a loan, if you're 610 00:47:00.599 --> 00:47:05.159 offering her a loan or say six months. Is asking can she discuss you 611 00:47:05.239 --> 00:47:07.960 and say, oh, I think I can pay it back in one year 612 00:47:07.719 --> 00:47:12.280 rather than the six months that you've actually offered to hundle loon. So can 613 00:47:12.360 --> 00:47:20.760 she like make a counter offer at the very beginning? Not go ahead coping 614 00:47:20.880 --> 00:47:32.400 go the flow? All right? So the question that changes my actually here 615 00:47:32.519 --> 00:47:37.280 that's true if I get you correctly. You've applied for a loan. Let's 616 00:47:37.320 --> 00:47:45.280 say your initial agreement is UM six months and you want to renegotiate for for 617 00:47:45.400 --> 00:47:49.280 a year. You're asking if it's as possible for for us to change the 618 00:47:49.440 --> 00:47:52.079 SIMI loan application that it was stated for six months for we should do with 619 00:47:52.199 --> 00:47:57.760 you we negotiated update is two years? Is that a question you are asked 620 00:47:57.800 --> 00:48:00.559 something like that? Basically? I think that really would are asking this, 621 00:48:00.719 --> 00:48:05.639 can we be flexible with you? Since all these traditionals band, can you 622 00:48:05.760 --> 00:48:08.280 be more flexible with your customers? I get the guests general qutun to ask 623 00:48:08.360 --> 00:48:15.559 it. Yay. Unfortunately, as it's we're currently we can't we do not 624 00:48:15.679 --> 00:48:21.599 provide a level of flexibility. UM. Once it's six months, it's been 625 00:48:21.639 --> 00:48:24.800 agreed or full and there's been a dispostment to your account for the about of 626 00:48:24.960 --> 00:48:38.239 unless a millionaire at ten millionaire and if you're still speaking of you, you're 627 00:48:38.280 --> 00:48:49.639 you cut off? Hellosa? Okay, I think it's kind of a bit 628 00:48:51.199 --> 00:48:52.360 kelvin. If you can hear me, you cut off a bit. So 629 00:48:52.480 --> 00:48:57.000 I'm gonna get this month to ask this question and I'm going to write that 630 00:48:57.079 --> 00:49:05.960 down this monding and if you can hear me, but amazing me, I 631 00:49:06.079 --> 00:49:08.760 might do one that folks here your Tammy? Can you hear me? Just 632 00:49:09.079 --> 00:49:13.320 don't like check Tammy? Can you hear me? Yes? I can? 633 00:49:14.400 --> 00:49:16.239 Yeah. I think the Carbon guy cut off. I could only accidentally hear 634 00:49:16.360 --> 00:49:20.679 him. And I wanted Desmond to bid and ask this question. Desmond, 635 00:49:20.840 --> 00:49:24.079 you are you okay? O going to to go on right now? Or 636 00:49:24.159 --> 00:49:30.119 I can want to cheaty or CHETI b chid be Can you hear me? 637 00:49:30.159 --> 00:49:39.360 Though? Uh? Guys, all right, so I got Tammy? Can 638 00:49:39.440 --> 00:49:43.239 hear him in chilty or Desmond does not drop off? Let me get a 639 00:49:43.320 --> 00:49:45.880 chew one in here? Carbon? If I see you back online, you're 640 00:49:45.920 --> 00:49:50.159 cut off once you were speaking? Yeah, Hi, go ahead, that's 641 00:49:50.239 --> 00:49:54.079 many now I can hear you? Okay? Um? Well, um, 642 00:49:54.840 --> 00:49:59.559 my question is uh it's pretty to carbon. I want to know him. 643 00:50:00.559 --> 00:50:07.199 Is it a carbon having a plan for the for those that are like the 644 00:50:07.360 --> 00:50:10.559 kind of those that are not digitalized, they kind of people that are upreading 645 00:50:10.719 --> 00:50:15.519 their essam is in local way. Wow, is there any one by carbon 646 00:50:15.840 --> 00:50:21.159 to reach out? Is there any plan for carbon to reach out to people 647 00:50:21.239 --> 00:50:25.159 that are in rural areas and those that are into informat set, those and 648 00:50:25.280 --> 00:50:31.039 all that The question is asking you, brilliant, Is there are Yeah? 649 00:50:31.719 --> 00:50:37.920 Yeah, I think that's that's not a good and petinent question. Needfully will 650 00:50:37.360 --> 00:50:43.800 from the size of man Journey formal center and for credits. It's quite a 651 00:50:44.000 --> 00:50:50.920 very tricky position for now due to vehiculy, we can't go beyond set. 652 00:50:51.000 --> 00:50:54.079 We can't stretch the limit of how much or lending to the informa st or 653 00:50:54.119 --> 00:51:00.559 without verification. So yes, if you can provide us with the require documentation 654 00:51:00.719 --> 00:51:06.360 for compliance reason which is um your bank statement that you reach the business, 655 00:51:06.440 --> 00:51:10.280 that you take some sort of visibility to countly sales and you operate reising trade 656 00:51:10.400 --> 00:51:15.280 service whichever sector you're operating and in your operating an aguria. Once you can 657 00:51:15.360 --> 00:51:20.760 provide those this documentation, you're go to access credits to delimit these available. 658 00:51:21.119 --> 00:51:23.119 However, if you can't of whatever it is and you do not have this 659 00:51:23.280 --> 00:51:30.000 documentation, it is currently an injury with an afford to offer credit fascility to 660 00:51:30.119 --> 00:51:34.880 businesses that are not registered. So comple me ask you that question. Right, 661 00:51:35.000 --> 00:51:37.400 So this new that you guys have an offer going on right now? 662 00:51:37.559 --> 00:51:45.920 Right? All right? Yeah we have what what what kind of offer for 663 00:51:46.639 --> 00:51:50.480 for small pro ess means yes, I mean no, a lot of things 664 00:51:50.480 --> 00:51:52.760 generally, right I think on your on your on the page, you guys 665 00:51:52.800 --> 00:52:02.199 have an offer going on now you know right now? And then yeah, 666 00:52:02.360 --> 00:52:06.159 yeah we do. Yeah, but I want to talk about that specifically, 667 00:52:06.199 --> 00:52:09.400 dople deternatives. I want to go back to that and just can you speak 668 00:52:09.480 --> 00:52:15.280 on that particular offer and what basically is who can qualify things like that? 669 00:52:15.800 --> 00:52:22.880 All right? And so for um for currently we are often petically loan for 670 00:52:22.440 --> 00:52:27.840 new users. I wanted implies this you on this called and after this space 671 00:52:27.960 --> 00:52:31.320 you you'll simbolarly convince or maybe you just get you want to try it out 672 00:52:31.320 --> 00:52:36.599 to verify all of our creams. You just could to download cap On help, 673 00:52:36.760 --> 00:52:42.440 like I said initially, either the playstore do placetore Apple Store. Once 674 00:52:42.480 --> 00:52:47.960 you download the app, you could and you complete emphasis and complete your verification, 675 00:52:49.119 --> 00:52:52.840 you can get access to a loan athetic yes, and we this loan 676 00:52:52.920 --> 00:52:58.159 show your credit report, absolutely it should. But more importantly, you could 677 00:52:58.440 --> 00:53:05.079 access the etic loan for new users. So essentially I do the app, 678 00:53:05.320 --> 00:53:07.639 I can, like you said, a very beginning, applied for this wasn't 679 00:53:07.760 --> 00:53:14.719 is it doesn't have the particular name or what is it called the specific product 680 00:53:14.880 --> 00:53:20.880 name for this tetic loan. No, we don't give it a specific loan. 681 00:53:21.000 --> 00:53:23.559 And so they they're like I said, or a loan names this pilit 682 00:53:23.599 --> 00:53:28.679 a loan and this cap on zero and you could get the cab z buying 683 00:53:28.679 --> 00:53:34.280 on pilater. We could be zero cabon zero zero, and you can access 684 00:53:34.320 --> 00:53:36.360 that on the app. So the cabon zoo one is the one that's for 685 00:53:36.519 --> 00:53:42.639 thirty talon there is that what you're saying. Both of them coman zero and 686 00:53:42.679 --> 00:53:46.079 it's more of buying on pilater. It's almost the one is it's pilot alone. 687 00:53:46.239 --> 00:53:49.639 But both of them are tetical image. You can get access to it 688 00:53:50.159 --> 00:53:52.599 and I can do you know how long you also, I can basically don't 689 00:53:52.639 --> 00:53:54.480 apply and then I get that loan and I can use that a loan more 690 00:53:54.559 --> 00:53:59.280 like it's like a line of credit or personal loan based on the criter of 691 00:53:59.400 --> 00:54:06.719 giving it earlier. Exactly that true, right, so I got course course 692 00:54:06.840 --> 00:54:21.000 you gonna mind. Yeah really, but anyone made customer covers two days of 693 00:54:21.480 --> 00:54:30.440 that, Um, I can't say that forever anything. Let public listen, 694 00:54:30.960 --> 00:54:39.599 that's a question as zuming I didn't go to the little Dya and that's my 695 00:54:39.800 --> 00:54:46.159 third of FoST months. I descort a necess passion. I could upsets look 696 00:54:46.320 --> 00:54:58.760 possible for covering to hold the element for the list import impotto months remaining eight 697 00:54:58.960 --> 00:55:06.119 months they should have can be possible with that interest and those thoughts that I 698 00:55:06.280 --> 00:55:10.639 witnesses and I just want to exert with my supports. Interesting, I'm not 699 00:55:10.719 --> 00:55:14.480 hearing you. Let me get a cycled. Let me very clear. So 700 00:55:14.599 --> 00:55:19.000 you're saying you took a loan and you want to return the loan. Is 701 00:55:19.039 --> 00:55:22.880 that what you're saying? That doesn't it doesn't matter still to have the initial 702 00:55:23.000 --> 00:55:30.079 donality treat months Definitely the first months. I would fix months a process to 703 00:55:30.159 --> 00:55:37.639 access and I want to upset that them possible for can you can interest for 704 00:55:37.079 --> 00:55:43.480 those months that I just want to upsets, just let's pay about depends about 705 00:55:43.519 --> 00:55:47.199 what those months that you want to upset around before you you want fish fool 706 00:55:47.320 --> 00:55:52.159 pay from the first from the first of the first months, certain interest that 707 00:55:52.320 --> 00:56:02.440 you want to work settles possible for the friend. That's what the that's did 708 00:56:02.480 --> 00:56:06.320 you hear him carb? Did you hear what he was asking saying he took 709 00:56:06.360 --> 00:56:10.000 a moon for you? Yeah? So I mean go ahead? So yes. 710 00:56:10.159 --> 00:56:15.360 So, course of your question is, is impossible to offset your loan 711 00:56:15.440 --> 00:56:19.400 prior to diagree due it? For example, in six month loan, you 712 00:56:19.400 --> 00:56:22.760 want to play it in month two, would you be charged interest on the 713 00:56:22.440 --> 00:56:27.639 other month? And so um. Simply put, there are two types of 714 00:56:27.760 --> 00:56:30.960 loans. So if it's a pay let alone, you would be you would 715 00:56:30.000 --> 00:56:36.199 be charged because the agreement was a monthly repayment with an interest, you'll be 716 00:56:36.320 --> 00:56:37.679 charged. However, if you take a want of your own, like a 717 00:56:37.880 --> 00:56:43.599 hihlighted earlier, it's zero interest loan on this particular alone, they are no 718 00:56:43.719 --> 00:56:47.280 monthly charges accurred. And so let's saying you're going to payback in month two 719 00:56:47.360 --> 00:56:52.400 and you want to play it before mont your free to do that with no 720 00:56:52.559 --> 00:57:01.519 interest occurring exactly did you? Yeah, yeah, Carbon, I'm also getting 721 00:57:01.559 --> 00:57:05.599 a lot of DMS on this tetical loan and if you could maybe just take 722 00:57:05.639 --> 00:57:07.800 it again, just if you could just maybe explained again. People are asking 723 00:57:07.920 --> 00:57:12.719 more questions about that whilst they need what they just I know you said there 724 00:57:12.719 --> 00:57:15.960 are two types of zero binal pilatter and there don't just want to declare on 725 00:57:16.119 --> 00:57:21.039 that. So it's a ten ty thousand and alone. How was it ten 726 00:57:21.119 --> 00:57:22.760 year? Or if you could just give us something again that'll be appreciated. 727 00:57:24.079 --> 00:57:30.519 Sure, and so full carbon and so let me just go right again. 728 00:57:30.679 --> 00:57:34.039 You you are in the school, you have in need and you could gain 729 00:57:34.199 --> 00:57:38.000 access to credits as low as tety thousand and so what is required is you 730 00:57:38.360 --> 00:57:45.519 download Carbon have whether it's an Android or an iOS devision making use of you 731 00:57:45.639 --> 00:57:49.280 a lot carbons Apple. Once you do that, you have access when you 732 00:57:49.400 --> 00:57:54.679 complete your your verification which is your bank sement, your ving. Once you've 733 00:57:55.320 --> 00:58:01.840 completed as completed that verification, you can wise process you get access to a 734 00:58:02.000 --> 00:58:07.320 tectical law. And so there are two particular loan products you can get access. 735 00:58:07.360 --> 00:58:12.800 So if you choose that and so the initial one it's zero, which 736 00:58:12.880 --> 00:58:15.880 is a typical buying and pailetter. So you want to go on Let's say 737 00:58:15.960 --> 00:58:21.280 you want to buy something worth of whatever much. You get access to tetuke 738 00:58:21.800 --> 00:58:25.280 to find us that the transaction is easy once you quickly transfer. You could 739 00:58:25.320 --> 00:58:30.280 get access to tetic on seal for this particular loan on carbon zero you do 740 00:58:30.440 --> 00:58:36.039 not pay a monthly interest. Where you do is a five percent processing fee 741 00:58:36.360 --> 00:58:38.639 and it's one time and you pay back. The second loan is pain it 742 00:58:38.719 --> 00:58:44.280 alone. Also also theetic you gain access to this film. It's a monthly 743 00:58:44.360 --> 00:58:49.119 repayment structure. And more importantly, the alia you repay and wants to make 744 00:58:49.199 --> 00:58:52.679 repayment Alite improves your credits community. You can increase your limits from tetukey. 745 00:58:52.800 --> 00:58:55.440 So for example, you want me to pay back in two months and in 746 00:58:55.559 --> 00:58:59.840 month one, you're able to play back the tetukey. What that means is 747 00:59:00.199 --> 00:59:06.159 would review review your limits and you can get it will be subsequently be improved 748 00:59:06.239 --> 00:59:09.400 upon. The earlier repayment count is really essential where you can make repayments monthly 749 00:59:09.960 --> 00:59:15.639 and you cleits repayment to them to improve to limits. That's interesting. So 750 00:59:15.679 --> 00:59:20.199 you're saying, if I take the particular loan for six months, and I'm 751 00:59:20.239 --> 00:59:24.440 able to pay that loan off early. Then it's sort of internally it makes 752 00:59:24.480 --> 00:59:29.440 me increases my score. Isn't your own score in carbon? It makes it 753 00:59:29.519 --> 00:59:31.920 look better for me that would say, yeah, itsures. You are great, 754 00:59:31.960 --> 00:59:36.559 great, good user. You're able to fulfill your application. But more 755 00:59:36.559 --> 00:59:40.480 importantly, you can repay fast. And there's kind of customers we want to 756 00:59:40.639 --> 00:59:45.360 do business payning leaders. We want to do business with relake repayments. And 757 00:59:45.840 --> 00:59:49.920 in addition, what you get as a benefit for that's an increased limit, 758 00:59:50.000 --> 00:59:53.239 so you should that you have compatient to take more. Okay, Okay, 759 00:59:53.400 --> 00:59:59.800 that's that's very interesting. I'm not everyone say that that's very interesting. Alto, 760 01:00:00.000 --> 01:00:06.679 You've got to flow go aheads also, okay, because I going to 761 01:00:06.840 --> 01:00:10.039 my question to cover on our First of all, let me thank you ad 762 01:00:10.039 --> 01:00:15.360 your forte this program, and also to come on, I'm a customer, 763 01:00:15.679 --> 01:00:22.800 which are your are been using your account stading? I remember lasting using a 764 01:00:23.280 --> 01:00:27.039 col pens. I know have any cash I have to run to cover on 765 01:00:27.199 --> 01:00:32.719 which day you as you said to come and I'm grateful for your services. 766 01:00:34.800 --> 01:00:37.119 What I want to as your Carbon zero I know the time I tried it, 767 01:00:37.400 --> 01:00:43.679 they said it for only Legos residents. I want to know agree, 768 01:00:44.320 --> 01:00:52.880 So everyone and who's in all the states or seeing only Legos cover on magucation. 769 01:00:52.000 --> 01:00:58.800 So yeah, tech textation, it's really wanting to do that. You 770 01:00:58.960 --> 01:01:04.039 made proper work, So why are the strange. Just wherever you highland, 771 01:01:04.119 --> 01:01:07.440 you you could get access to carbon zero. You don't have to be legal, 772 01:01:07.480 --> 01:01:10.760 so you don't have to be a residential legals island or bland or whatever. 773 01:01:12.199 --> 01:01:16.119 You just have to fulfill basic requirements, which is to provide us to 774 01:01:16.199 --> 01:01:20.480 the bank, statements, the physic, the eification, customer reification. You 775 01:01:20.559 --> 01:01:23.760 can get access to compon to you regardless of location. It's not location dependent. 776 01:01:25.440 --> 01:01:32.079 Okay, there is the POM I apply for that would be SMI loan. 777 01:01:34.239 --> 01:01:37.519 Let's be open to not the three million. I know they did not 778 01:01:37.679 --> 01:01:42.199 go through both. I wasn't even the reason why it was turned down. 779 01:01:42.719 --> 01:01:46.360 They affected my statements and important Okay, it also okay to go. But 780 01:01:46.559 --> 01:01:51.880 at the point they they turn it down, but I did not give you 781 01:01:52.159 --> 01:01:55.960 reason doing the maybe letter was in the mail to you. Ope, you 782 01:01:57.039 --> 01:02:02.000 do know why it was turned down? Never to and I thank you Anna, 783 01:02:02.079 --> 01:02:06.920 thank you band for the tank to lerender. Thank you all right, 784 01:02:07.119 --> 01:02:12.280 thank you, thank you for that. Just just to just to wrap upon 785 01:02:12.360 --> 01:02:15.639 that, you said the loan was to on, my apologies a game that 786 01:02:15.920 --> 01:02:20.480 you didn't get enough. It is no clasification as to why your loan was 787 01:02:20.519 --> 01:02:23.800 declined any if you don't mind, you could try applying for a loan and 788 01:02:23.960 --> 01:02:27.559 if you, for whatever it is in you a able to access that this 789 01:02:27.719 --> 01:02:30.400 with you just towards and support someone which ampant the case immediately and give a 790 01:02:30.519 --> 01:02:36.840 clear resolutions that my apologies again for your experience. Oh cool, all right, 791 01:02:36.920 --> 01:02:38.400 thank you, all right, gotcha, and I've got a job. 792 01:02:40.559 --> 01:02:45.360 The last because I think we've spent an hour unless carbon was still longer, 793 01:02:45.599 --> 01:02:50.039 so I thought you about the flaws. I go ahead, yes, thank 794 01:02:50.079 --> 01:02:52.599 you, um for I have a question directly, I have two questions for 795 01:02:52.840 --> 01:03:00.119 carbon. The first is what is the highest limits and you can give on 796 01:03:00.280 --> 01:03:07.559 a loan? Secondly, um, are you guys and on brokers? Can 797 01:03:07.000 --> 01:03:13.599 do you have where we can invest in common? You have platforms where we 798 01:03:13.679 --> 01:03:17.920 can the bay shares also common? I'm saying. Then the third question is 799 01:03:19.800 --> 01:03:29.719 um sorry go ahead, okay, yeah, So the third question is what 800 01:03:30.039 --> 01:03:38.960 is the sorry I think I do some two questions or just in case remember 801 01:03:39.039 --> 01:03:43.599 the third question, happy to to answer that and also for I'm happy to 802 01:03:43.679 --> 01:03:46.639 still on that to answer everyone's question. And your first question was around what 803 01:03:46.840 --> 01:03:51.079 is the highest done you can get a beginning this, these figures are all 804 01:03:51.119 --> 01:03:54.199 fixed at carbon. We do not put it carp on how much you can 805 01:03:55.239 --> 01:03:59.199 um creditive bit when you can get access to. What we do is we 806 01:03:59.360 --> 01:04:04.599 ensure that we have a pretermit income model, access an assessment model. Whether 807 01:04:04.719 --> 01:04:09.199 to income. Racial is a very key factor in determining how much you make. 808 01:04:09.280 --> 01:04:12.320 So for example, you make thetic key. There are three people applying 809 01:04:12.360 --> 01:04:16.719 for lunch right now, thisceiving method is space one is applying for three different 810 01:04:16.840 --> 01:04:23.800 users. You will not all get the exact limit because example reason being that 811 01:04:24.079 --> 01:04:28.039 is you have different income levels. The different criterias are comming to place, 812 01:04:28.119 --> 01:04:30.039 so there is no fixed amount you can get. If you have an income 813 01:04:30.039 --> 01:04:32.599 of lets on your case on as an income of fight on your case, 814 01:04:32.639 --> 01:04:36.960 completely two different income levels, and as such your limits to repay monthly is 815 01:04:38.079 --> 01:04:42.559 it's completely different, and what you have as limits is peculiar to your income 816 01:04:42.679 --> 01:04:45.719 level. And every other factor. So no, there is no we don't 817 01:04:45.800 --> 01:04:47.920 fix an highest amount of learning income, g more you than on the platform. 818 01:04:47.960 --> 01:04:51.119 You pretty much can get more access to credits. And for your second 819 01:04:51.199 --> 01:04:55.400 question, do we do pocage and sales shares? No, we do not 820 01:04:55.519 --> 01:04:59.639 ask where we do not provide so service. What we can provide a carbon 821 01:05:00.639 --> 01:05:06.840 UM well providers common now is um investment. You can invest making investments when 822 01:05:06.840 --> 01:05:12.000 you putman the savings and investment products. We don't have access to selling, 823 01:05:12.360 --> 01:05:17.920 buying acquiring shares for publicly listening companies. Okay, I think we did have 824 01:05:17.960 --> 01:05:26.239 any question for full flowing that No, I think that's that's it. Thank 825 01:05:26.239 --> 01:05:29.159 you. So come on, so just Real has his hand off Real. 826 01:05:29.239 --> 01:05:33.559 Let me make you a question. I have a question for car Real Okay, 827 01:05:34.159 --> 01:05:38.480 UM, thank you, UM, I want to ask. My question 828 01:05:38.599 --> 01:05:42.360 is similar to that to Jule. But the reason I'm asking this is because, 829 01:05:42.920 --> 01:05:46.880 um, you know, as a business person, where I put my 830 01:05:47.000 --> 01:05:50.920 money is where I know that I can get good credits coore and develop pe 831 01:05:51.000 --> 01:05:56.559 put Follo away. But I know that are these people they can maybe if 832 01:05:56.599 --> 01:06:00.800 they see my my my money there and they know that ms Steady, I 833 01:06:01.000 --> 01:06:05.760 said please how they can easily give me money. So I want to act 834 01:06:05.880 --> 01:06:13.440 like what is maximum limits or today you guys for SMIs you can give up 835 01:06:13.480 --> 01:06:21.199 to twenty million, So that's my question. Twenty million that's a large sticket 836 01:06:21.239 --> 01:06:26.559 sised loan um. Nonetheless, I would like to answer the first phase of 837 01:06:26.599 --> 01:06:30.360 your question, and so you could. I mean, it's not mandator you 838 01:06:30.440 --> 01:06:32.760 submits just one bank statement, like you said, some some banks maybe using 839 01:06:32.800 --> 01:06:36.480 the same example US a particular bank more often than you old as I would 840 01:06:36.519 --> 01:06:42.239 recommend and our advice. Once you're making applications for loan, you please submit 841 01:06:42.480 --> 01:06:46.360 all your your bank statement all the banks that has like consistent transaction visibility to 842 01:06:46.599 --> 01:06:51.079 help in the limits you can acquire. However, as it's well right now 843 01:06:51.199 --> 01:06:57.119 we give limits the limited loan matter you can get for Similians. Right now 844 01:06:57.199 --> 01:07:00.360 it's ten million and it's in a stitution you will pay back in unless thy 845 01:07:00.360 --> 01:07:03.519 six months you can get access on on the tamdium or right now the maximum 846 01:07:03.559 --> 01:07:10.320 you can get for similon standardon are all right? Thank you? As an 847 01:07:10.360 --> 01:07:15.480 interesting touching So come a question, right, so what are the next steps? 848 01:07:15.719 --> 01:07:19.239 Is there any go to any hashtag? Or is just the Twitter side. 849 01:07:19.559 --> 01:07:24.199 Just funcase one is just dropped in. How can don't give us the 850 01:07:25.199 --> 01:07:30.559 follow up steps that we can do right? Um easily? If you want 851 01:07:30.679 --> 01:07:34.320 to follow up and get an access to this one, you can go. 852 01:07:34.639 --> 01:07:38.719 You could follow came On on Twitter, you could follow come On, get 853 01:07:38.800 --> 01:07:43.440 came On on Instagram, and you can also check out our website for get 854 01:07:43.480 --> 01:07:47.599 access to more information that will require. On our website you have as more 855 01:07:47.679 --> 01:07:54.480 key information you want to trail. All you have to do is um you 856 01:07:54.559 --> 01:07:59.119 can contact support would respond to your issues immediately. Could be in app, 857 01:07:59.159 --> 01:08:01.280 you could be on social media which every channel workspace and suits you. You 858 01:08:01.360 --> 01:08:05.320 could reach out to us. Got I got Edward? You want to says 859 01:08:05.360 --> 01:08:15.360 some? Okay? Hi, Um, I have like two quick questions that 860 01:08:15.480 --> 01:08:24.399 I want Carbon to respond too quickly for someone else speaking, I'm to go 861 01:08:24.439 --> 01:08:29.079 ahead, go ahead, okay, Yeah, So two questions I want Carbon 862 01:08:29.119 --> 01:08:33.279 to respond to quickly. Are there any limitations on what if I get a 863 01:08:33.359 --> 01:08:39.520 loan from Carbon? For instance? Is there like a limitation to what loans 864 01:08:39.560 --> 01:08:43.239 can be used for? Uh? Can I take the loan? Uh? 865 01:08:43.640 --> 01:08:46.000 Like? Do you ask for sales? For instance? Because I'm a common 866 01:08:46.039 --> 01:08:50.520 customer myself, and I've been using Carbon for a number of years, so 867 01:08:50.640 --> 01:08:53.800 of course I know. Occasionally when you want to get a loan, you're 868 01:08:53.840 --> 01:08:59.199 asked what is this uh loan being used for? If I decide to not 869 01:08:59.479 --> 01:09:01.199 use the loan, say, for instance, I say I'm getting this loan 870 01:09:01.279 --> 01:09:05.880 for an health emergency, and then maybe I don't need a ready for a 871 01:09:05.960 --> 01:09:10.600 health emergency anymore. I decided to use it to fix my show cabs over 872 01:09:10.680 --> 01:09:15.319 for instance, Like is that a penalty for that? Limitations to what I 873 01:09:15.560 --> 01:09:21.000 use the loan for? That? I think The other thing is and I 874 01:09:21.079 --> 01:09:30.039 think Carlomation need earlier about a lot of loan providers data privacy issues and stuff 875 01:09:30.079 --> 01:09:33.880 like that, like how those Carbon address things like that? Likes my data 876 01:09:33.960 --> 01:09:41.479 secure with Carbon? Another as two questions. One is that the limitations to 877 01:09:42.159 --> 01:09:45.880 what I can use the loan I get from Carbon for And the second one 878 01:09:45.039 --> 01:09:50.960 is that our what do you do in terms of protecting my data my privacy 879 01:09:51.840 --> 01:10:04.119 as a customer? Nice one, you've got the flow to respond I have 880 01:10:04.239 --> 01:10:13.880 a question or ask you or would you guys being that to hound your repayments? 881 01:10:14.920 --> 01:10:18.159 There is you don't have that kind of experiences are common um and as 882 01:10:19.119 --> 01:10:24.920 you wouldn't get such experiences. And for the first question you asked us, 883 01:10:25.800 --> 01:10:29.760 would you is it is it tied to a particular need um? The answer 884 01:10:29.880 --> 01:10:32.119 is no. UM. Like I said, it's it's a tellyclone. You're 885 01:10:32.239 --> 01:10:36.319 free to use it based on your discussion. However, re payment is within 886 01:10:36.479 --> 01:10:41.520 an agree and so once you could pay back to one. We are not 887 01:10:41.640 --> 01:10:47.159 particular about you using it for for specifics. It's again it's a it's a 888 01:10:47.199 --> 01:10:51.760 loan product. Is to help meet your needs. That's what is designful, 889 01:10:51.960 --> 01:10:57.079 not to meet your feeling. Entertainment is meant to meet your needs. Whatever 890 01:10:57.199 --> 01:11:00.159 the need is, it's left to you to decide. I don't need to 891 01:11:00.239 --> 01:11:06.000 go yeah, yes, thank you. So the second question, I didn't 892 01:11:06.000 --> 01:11:10.760 get the answer in terms of like what steps you take or is it like 893 01:11:10.840 --> 01:11:16.479 an internal policy in terms of protecting customer data, ensuring that privacy and a 894 01:11:16.520 --> 01:11:21.479 lot of that is just maybe touched on that a bit. It's it's it's 895 01:11:21.520 --> 01:11:27.720 okay, yeah, I think we we we address this somewhat very learning conversation 896 01:11:28.079 --> 01:11:32.720 and so at Carbon we follow very strict and we have the best practices when 897 01:11:32.800 --> 01:11:38.399 it comes to data provacy and work very closely with regulators. We ensure that 898 01:11:39.720 --> 01:11:44.680 we are compliance with area of data and specifically for customer data. And we 899 01:11:44.760 --> 01:11:49.720 we work with regulity bodies including EGYPI and PCI, ensuring that we meet their 900 01:11:49.800 --> 01:11:56.359 standards for keeping data. More importantly is that we do not share customers data 901 01:11:56.600 --> 01:12:00.760 with third parties. Maybe we ensure that INTERNALATA policy MA be not do not 902 01:12:00.880 --> 01:12:06.239 average customer data or data to do that party. All right, thank you 903 01:12:06.359 --> 01:12:11.560 very much. All right, welcome. Yeah, I've got my um on 904 01:12:11.800 --> 01:12:21.600 my ya jah sorry name wrong god flows go ahead at ninety nine, Kenny 905 01:12:21.680 --> 01:12:28.319 Won, you've got the flow, go ahead to okay, so he's not 906 01:12:28.439 --> 01:12:32.039 speaking, all right, so Carbon, I think it's been an interesting conversation, 907 01:12:32.279 --> 01:12:38.720 right. I started off by talking really about the rule of credit in 908 01:12:38.880 --> 01:12:44.319 world creation, not just for the individual. Hello. I think it's here 909 01:12:44.439 --> 01:12:47.119 now go ahead, So you've got the floor. Hello, go ahead, 910 01:12:47.439 --> 01:12:54.840 Hello, Hello, Yes, sure, go for it. Ask a question 911 01:12:54.920 --> 01:12:58.359 okay, Oh okay, okay, thank you mister Carlo, Thank you, 912 01:12:59.079 --> 01:13:04.279 um corbleum. I've been I've been trying to to do an update on my 913 01:13:04.600 --> 01:13:10.600 Carbon account and it's been pretty difficult doing that. I try to change my 914 01:13:10.720 --> 01:13:14.760 Pronoumber on file, the one I have on FOW, I've actually changed it. 915 01:13:15.520 --> 01:13:17.199 And then the new one I want to uploade is the one I'm using 916 01:13:17.319 --> 01:13:24.000 for my U is the one I attached to all my banks for receiving my 917 01:13:24.239 --> 01:13:28.279 SMS and all that. So because I think each time I try to request 918 01:13:28.319 --> 01:13:33.000 alone, I really don't get don't get approved. I don't know if if 919 01:13:33.039 --> 01:13:39.039 it's because of the panel, if it's due to them being able to assess 920 01:13:39.159 --> 01:13:44.640 my my I don't know, maybe my bank or something. And then again 921 01:13:45.319 --> 01:13:51.079 I tried to, I try to submit my my statement of accounts. It's 922 01:13:51.119 --> 01:13:56.079 pretty difficult. I've not been able to success, believing that each time I 923 01:13:56.159 --> 01:14:00.279 try to, it keeps, it keeps feeling they are not able to complete 924 01:14:00.319 --> 01:14:06.159 the task. I don't know why. Yeah, just let me stand up 925 01:14:06.159 --> 01:14:14.159 the app using that platform and um and would I would like to personally see 926 01:14:14.199 --> 01:14:17.760 how we can resolve that. Can you can you help take this conversation with 927 01:14:17.880 --> 01:14:21.239 which not to support so we can I'm every single company you have with you, 928 01:14:21.359 --> 01:14:25.479 guys verification, with help your bank statement. Can you just con start 929 01:14:25.600 --> 01:14:30.000 support on our app so once you do that, we'll be able to assign 930 01:14:30.119 --> 01:14:33.560 and a custom agente would pick up you your career an inshore. It's resolved 931 01:14:33.880 --> 01:14:38.199 once again, A may ap projects for the experience making use of a bank. 932 01:14:42.720 --> 01:14:45.520 Okay, all right, so let us take real real quick, your 933 01:14:45.560 --> 01:14:48.239 hands up if you had to add, I'll take your comments before I get 934 01:14:48.279 --> 01:14:55.479 back the cabin real, go ahead, Okay. I just want to say 935 01:14:55.560 --> 01:15:01.239 something like it's the person's personal to me because you says about digital natives and 936 01:15:01.560 --> 01:15:09.359 all that, And also ask a question because okay, like do you guys 937 01:15:09.439 --> 01:15:16.600 answer kind of form of a receipt or statement from um mostic but again comparative 938 01:15:16.680 --> 01:15:24.079 societies because most of them don't and they're not digital, they're not digitalized their 939 01:15:24.199 --> 01:15:29.119 systems and all that. So I don't know. So if you have a 940 01:15:29.199 --> 01:15:34.119 lot of resources that can you really show what you have if because most times 941 01:15:34.159 --> 01:15:41.920 it's not digital, okay, so you know, computing more information. I 942 01:15:42.039 --> 01:15:47.640 think I think he's asking question. He's saying, do you take like normal 943 01:15:47.760 --> 01:15:53.000 digital or traditional retalitional means of collaterals? If I have a color, if 944 01:15:53.039 --> 01:15:57.960 I have a cooperative account statement, that's an internal statement, right would that 945 01:15:58.319 --> 01:16:02.239 be? Would that be sufficient to add us actors? Collateral. People take 946 01:16:02.279 --> 01:16:05.760 a love from carbon said work in the company. We have an internal comport 947 01:16:05.880 --> 01:16:10.439 society. I have savings there or have Let's not say my pension. Is 948 01:16:10.479 --> 01:16:15.520 that subpersions collateral for SMI loans. This is not personality, is SAMI right? 949 01:16:16.199 --> 01:16:19.119 Really? Yeah? I think thankful. Let's do let's do personal loans 950 01:16:19.159 --> 01:16:23.600 one, let's do ESIMIL can ask both of them. Yeah, So for 951 01:16:23.880 --> 01:16:28.039 for let me start our personality. Nobody nobody's going to require you send your 952 01:16:28.399 --> 01:16:31.920 pensions people or you other document What we need is quite accessible to the general 953 01:16:31.960 --> 01:16:35.960 public needed you're Vivian and your bank statement and basically you don't have to. 954 01:16:36.880 --> 01:16:40.600 It's just it's not even necessarily for it to applaud it. You can just 955 01:16:40.680 --> 01:16:43.760 give us your bank and we yours for that. So you do need to 956 01:16:43.840 --> 01:16:48.760 provide any other documentations aside of that. For SAMI loans, we we do 957 01:16:48.880 --> 01:16:51.800 not even request for either of them. We do not request for collateral of 958 01:16:51.880 --> 01:16:57.319 any sort. It's very accessible. However, for the smiles you would need 959 01:16:57.880 --> 01:17:00.000 to provide those. I mean, for compliance with you need to provide all 960 01:17:00.079 --> 01:17:03.960 that. Indeed, this is a you're requesting the room for your business and 961 01:17:04.039 --> 01:17:10.520 it is to be registered under day or laws of Nigeria. You're preating Nigeria 962 01:17:10.560 --> 01:17:15.800 and more importantly that you are a business that has traction or sales. And 963 01:17:15.920 --> 01:17:19.600 once you can provide those want your documentation that fun pace that you registered business, 964 01:17:20.119 --> 01:17:24.039 you'll be able to access the one for SMBI LAS. Either of them 965 01:17:24.079 --> 01:17:31.760 doesn't require an equal natural of anisource because this question no like other plants you 966 01:17:31.840 --> 01:17:35.600 know, is that what if I have a lot of resources them whatever I 967 01:17:35.880 --> 01:17:41.119 with a lot of resources, innical it is society and not they are not 968 01:17:41.359 --> 01:17:45.279 digitalt it is that not a digitalized the system. So is it possible for 969 01:17:45.359 --> 01:17:54.760 you to receive like you um traditional receipt from that kind of organization that you 970 01:17:54.880 --> 01:18:02.239 can use in stepping as in checking or finally not how how much credit you 971 01:18:02.279 --> 01:18:08.119 can give you to me or that's that's a peakle situation as it's were right 972 01:18:08.199 --> 01:18:13.359 now, we need register, we need the documentation that evalidated by the laws 973 01:18:13.399 --> 01:18:17.960 of many and comporate to society, any of those sort of platforms are not 974 01:18:18.079 --> 01:18:21.840 to recognize you just need to provide us. You could put definance in in 975 01:18:21.920 --> 01:18:27.079 your bank, then we once it's in its active bank account. Yes to 976 01:18:27.720 --> 01:18:30.439 count but once it's in corporate society, any other arrangement as it's ware currently 977 01:18:30.920 --> 01:18:40.000 would not accept those document as the means of verification for SAMI loads. Alright, 978 01:18:40.079 --> 01:18:43.920 thinking that's pretty clear, So let me just go back to the election 979 01:18:44.119 --> 01:18:47.359 as that's really be clear on this, right, Um, what's the insight? 980 01:18:47.520 --> 01:18:50.319 Just give it again the insight that Cardboard would use, you know, 981 01:18:50.600 --> 01:18:55.880 to determine the loan amout for customers. Just how would you go back to 982 01:18:55.960 --> 01:19:00.359 my example, I want to borrow fifty thousand? What would you how would 983 01:19:00.359 --> 01:19:03.199 you process this application? What internal criteria are using? I probably get the 984 01:19:03.239 --> 01:19:06.119 answer so I can walk to the answer if you if you could speak on 985 01:19:06.199 --> 01:19:13.159 that helpful? Right? Cool? Again, if you want to access alan 986 01:19:13.319 --> 01:19:16.239 in carbon for personalits, you yourself to look into a app. Once you 987 01:19:16.319 --> 01:19:20.760 look into a app and you want to get a loan, you complete the 988 01:19:20.880 --> 01:19:26.000 required KYC. You can agree with your kays and how did you do that 989 01:19:26.279 --> 01:19:31.640 by providing us with your beving with your address and if you're required data once 990 01:19:31.680 --> 01:19:38.359 we validate those are correct and we can now you can apposit to providing us 991 01:19:38.359 --> 01:19:44.239 with your bank statement and so all of this plea qyro when you're being accessful 992 01:19:44.359 --> 01:19:46.880 loan. So once you provided with your KYC, which your documentation it could 993 01:19:46.920 --> 01:19:51.000 be your national passports, it could be, it could be. And what 994 01:19:51.119 --> 01:19:57.640 about document that validates that you are indeed in national of Nigeria and you you 995 01:19:58.239 --> 01:20:02.680 also provide us your bank statement. These awards comes into play wherein assessing your 996 01:20:02.920 --> 01:20:09.840 your or profiling you to give you the credit limits on Common Okay, okay? 997 01:20:10.000 --> 01:20:14.760 And then just again, you know how, let's just go back to 998 01:20:14.880 --> 01:20:17.600 this middle class and all that. You know, how are we making this 999 01:20:18.279 --> 01:20:24.359 credits up? I'm still going back to the demographics. You know why we're 1000 01:20:24.439 --> 01:20:27.680 just talking about donated. Is there a gap in the market that you see 1001 01:20:27.800 --> 01:20:30.680 for credits for i e. The leaders on middle class folks that we're doing 1002 01:20:30.720 --> 01:20:35.520 this or have we been doing this? Just talking about that if your mind, 1003 01:20:36.680 --> 01:20:42.359 Yeah, sure. And so Common is a leader in the space of 1004 01:20:42.520 --> 01:20:45.760 lending and lending and more importantly, we were credit like digital bank, we're 1005 01:20:45.800 --> 01:20:53.199 not and in start lending compute things like we're digital banking. And what we've 1006 01:20:53.239 --> 01:20:57.800 think about, yes, is we've got a kind of insights with our users 1007 01:20:58.000 --> 01:21:00.640 and one of the things we realize is they are midil digned is ridiculous or 1008 01:21:00.680 --> 01:21:06.079 poly movement professionals, and so what are products are credits productors? It ensures 1009 01:21:06.119 --> 01:21:20.239 we provide these users with accessibilities seamless and quick access to credit facility and okay, 1010 01:21:20.600 --> 01:21:25.439 and so what are those takes form extance. You're a media class you 1011 01:21:25.840 --> 01:21:30.039 we work at your blessed say in ibadon or in importacut. You have a 1012 01:21:30.159 --> 01:21:32.760 cycling income. You will pick your PAGEO salary, let's say in the twenty 1013 01:21:32.800 --> 01:21:38.680 seventh of each month, and you could with your with your bank statement that 1014 01:21:38.840 --> 01:21:43.359 validates this and every other verification. Use a verification you can get access to 1015 01:21:44.000 --> 01:21:46.640 credit on carbon for dignities. Also, likewise your next cluded from this. 1016 01:21:47.159 --> 01:21:53.399 You work whatever job you whatever, hostling that guarantee is some sort of income 1017 01:21:53.520 --> 01:21:58.479 for you. Once you provide those documentation your fact and validates your income and 1018 01:21:58.680 --> 01:22:01.039 also completely your creise, you could get access to this. And this is 1019 01:22:01.079 --> 01:22:08.079 not a scute people around registered businesses and SAMs whatever decide you're not particular about 1020 01:22:08.119 --> 01:22:12.159 that, as long as you could provide those documentations at validies that your business 1021 01:22:12.239 --> 01:22:16.680 is dually registered and that as traction you have like a complete you've got to 1022 01:22:16.760 --> 01:22:20.319 corporate bank account. You could give us the bank sevent to validate this. 1023 01:22:20.399 --> 01:22:25.560 You can get access to as much as a millionaire UM loan for your business. 1024 01:22:27.159 --> 01:22:30.880 Okay, makes sense. Let me get that Joe like I got Joe 1025 01:22:30.039 --> 01:22:34.119 Loco here, and then we'll get them as well and they will maybe start 1026 01:22:34.159 --> 01:22:39.680 to close down at Joe. You've got the floor. Go ahead, Thank 1027 01:22:39.720 --> 01:22:45.000 you very much for this opportunity. I don't know if this question has been 1028 01:22:45.119 --> 01:22:48.840 asked earlier, but I really want to lean. I don't really know. 1029 01:22:51.279 --> 01:22:56.760 Go ahead, Hello, let's go ahead. Okay. There was a time 1030 01:22:56.920 --> 01:23:00.439 I tried to open a corporate a carp with car one and it was not 1031 01:23:00.600 --> 01:23:08.439 successful. Is it now operation that can one have a corporate account with carbon? 1032 01:23:09.560 --> 01:23:18.840 And secondly, secondly, I want to know there are some digital bands 1033 01:23:19.000 --> 01:23:26.880 now that if you want to make transaction between Carbon and them, carbon is 1034 01:23:26.960 --> 01:23:31.640 not found on their platform. And even when you want to want to receive 1035 01:23:31.720 --> 01:23:36.000 from them, carbon is still nor found. Is there anything that is wrong 1036 01:23:36.199 --> 01:23:44.279 or is Carbon working on this particular problem? Thank you? Great questions, 1037 01:23:44.359 --> 01:23:47.800 Great questions. Address those as two great questions. One, are you doing 1038 01:23:47.880 --> 01:23:53.880 now oblical corporate accounts to the connectivity and all that? Yeah, great questions. 1039 01:23:54.800 --> 01:23:58.479 All right, yeah, first let me let me address your question and 1040 01:23:58.560 --> 01:24:04.000 corporate account. We actually provide corporaated accounts or it's called optimus. You can 1041 01:24:04.039 --> 01:24:08.439 set up a corporate account. I'm not sure exactly, but you could also 1042 01:24:08.600 --> 01:24:12.199 not just for you. Everyone having challenges reach as to us by a DM. 1043 01:24:12.600 --> 01:24:15.560 A custom suppology will pick competicularly your your query and resolve that. And 1044 01:24:15.960 --> 01:24:20.920 yeah, you can um you could resolve that question with you as CORPI that 1045 01:24:21.000 --> 01:24:25.640 can can say we can resolve that. And to your question, the other 1046 01:24:25.800 --> 01:24:30.880 question on um um um next for commactivity with other bands and that's that's an 1047 01:24:30.920 --> 01:24:36.439 ongoine issue that is currently be resolved, and so you could you could also 1048 01:24:36.640 --> 01:24:42.119 in in in the DM you could share us which bank is involved or affected 1049 01:24:42.199 --> 01:24:45.560 that doesn't recognized or you're able to transport to us, but that's as it 1050 01:24:45.760 --> 01:24:48.239 has been resolved. You can transfer, you can receive and send money from 1051 01:24:48.319 --> 01:24:55.119 carbon to to which other banks that outperates airing injury. Okay, we appreciate 1052 01:24:55.680 --> 01:24:59.479 share your share your complaint on on the IDM so we can we can jump 1053 01:24:59.560 --> 01:25:01.800 on that. Send your challenge of physic excellent, excellent, good job. 1054 01:25:02.079 --> 01:25:10.920 All right, so I've got damn damn Alex okay, agreeing me. Sorry 1055 01:25:10.960 --> 01:25:16.720 for community big leads. My question actually was part of it were asked by 1056 01:25:16.760 --> 01:25:24.920 the last speakers question, but I would not concentrate on the issue of of 1057 01:25:25.479 --> 01:25:30.640 the optimal start said because about Michael to another carbon true cardo that posts some 1058 01:25:30.800 --> 01:25:36.039 weeks back. So my queston is um on the issue of the loon because 1059 01:25:36.119 --> 01:25:41.279 I applied for a loan on carbon those about a week ago. So and 1060 01:25:41.920 --> 01:25:45.920 I understand that it takes a parted to ye this to get a response, 1061 01:25:45.359 --> 01:25:48.560 but that he now have not been able to get a response. And I 1062 01:25:48.640 --> 01:25:55.000 also want to ask just the last speaker asks that to open a carbon account, 1063 01:25:55.119 --> 01:26:00.399 what are the environments to open a carbon accounts? And the carbon account 1064 01:26:00.439 --> 01:26:03.840 if it's open, will also run like the no mat the carbon app. 1065 01:26:04.520 --> 01:26:09.439 We'll have a personal account account with the carbon without pretty using the app. 1066 01:26:09.680 --> 01:26:13.680 So the current account, the guns a corporate account will also is it an 1067 01:26:13.720 --> 01:26:19.319 app or to run on the Optimus optimos uh platform. So that's my question. 1068 01:26:20.319 --> 01:26:26.960 Okay, great, well, good good good question. Um. So 1069 01:26:27.439 --> 01:26:30.119 for the question with you guys, the loan that you applied for, although 1070 01:26:30.119 --> 01:26:32.399 I would quite like more context, that was a personal loan was a corporate 1071 01:26:32.479 --> 01:26:38.760 loan um um. But nonetheless, if it's if it's a personal loan, 1072 01:26:38.840 --> 01:26:43.199 you questions to find that's that's really um um strange. Can you reach us 1073 01:26:43.279 --> 01:26:45.640 twitch out so very dam if there is something that was out of place, 1074 01:26:45.680 --> 01:26:48.560 be with your application, so we can jump on that. However, for 1075 01:26:48.920 --> 01:26:53.000 for the Optimus, if it's very apptimus that you made the application for a 1076 01:26:53.079 --> 01:26:59.079 loan, No it's not. It's not accessible that the Carbon app. It's 1077 01:26:59.079 --> 01:27:02.720 strictly vale um web. It's on a web port. So you could for 1078 01:27:02.840 --> 01:27:06.520 corporate accounts, you could, um you could ask this corporate that can very 1079 01:27:06.560 --> 01:27:11.800 the web nut up. So please you create an account you pretty require document 1080 01:27:11.840 --> 01:27:15.319 as soon as you do that, you can get corporate loads of personalities that 1081 01:27:15.359 --> 01:27:19.039 can be done very up seamlessly. Okay, great stuff, great tough Yeah, 1082 01:27:19.079 --> 01:27:25.159 okay, nice one. Okay, So I see we're getting a lot 1083 01:27:25.239 --> 01:27:28.199 of requests for you, sir. I'm not able to get to the DMS, 1084 01:27:28.239 --> 01:27:30.199 but a lot of requests. Thanks for shape like a bit more, 1085 01:27:30.439 --> 01:27:36.600 have more clarity on a carbon We're gonna come. We're gonna come back to 1086 01:27:36.680 --> 01:27:41.800 your house. Questions you guys asking about mortgages. So I don't think carving 1087 01:27:41.960 --> 01:27:45.960 those mortgages yet maybe yes, No, I don't do you guys do mortgages? 1088 01:27:46.079 --> 01:27:49.560 Does let me ask for the record. No, we don't do that. 1089 01:27:50.399 --> 01:27:53.439 Okay, just ask the record and yes they don't. They don't do 1090 01:27:53.520 --> 01:27:57.399 Stop broking their digital What you said you were digital bag lot of fintech? 1091 01:27:57.720 --> 01:28:01.960 What does that mean? And if you question? Yeah, sure, um 1092 01:28:02.560 --> 01:28:09.479 so for digital banks, we we are licensed by by d CB and and 1093 01:28:09.560 --> 01:28:15.279 every other great of to carry out set in kind of transaction. So for 1094 01:28:15.399 --> 01:28:18.039 example, we allowed to run like a like a regular bank. We do 1095 01:28:18.199 --> 01:28:24.159 not just we're not our service and not just limited to see means and investments 1096 01:28:24.359 --> 01:28:28.600 for us. It's watch is obtainable in your regular traditional bank. You could 1097 01:28:29.319 --> 01:28:32.920 you could carry out the same services on carbon. So could it be an 1098 01:28:33.000 --> 01:28:36.840 investment? Could it be could it be a sort of savings. Could it 1099 01:28:36.880 --> 01:28:41.239 be corporate loans? Could it be business loans? Could be personal loans? 1100 01:28:41.359 --> 01:28:44.960 Could it be payments pus payments. We do all of that in one not 1101 01:28:45.119 --> 01:28:47.399 just limited to one particular service. So you could do me be less a 1102 01:28:47.479 --> 01:28:51.600 by know be use from the particular app and carbon you could do all of 1103 01:28:51.680 --> 01:28:55.640 these things like you could do in a levelar back like a GC or the 1104 01:28:55.680 --> 01:29:00.279 first I could do every service or it's digitally okay, makes sense. Thanks 1105 01:29:00.279 --> 01:29:09.720 for education. Appreciate I got a take others a philomenam sorry if I president, 1106 01:29:12.359 --> 01:29:15.479 Yeah, thank you very much, cal um my coquestion is this is 1107 01:29:15.560 --> 01:29:21.840 just very question um. I won't believe technology is one of the major journeys 1108 01:29:21.920 --> 01:29:27.640 that CARBONI is easy to deliver values and I don't know if it's for me 1109 01:29:27.840 --> 01:29:38.640 just be reason your audience breakondoctor. I don't know if he's on this end 1110 01:29:38.720 --> 01:29:44.079 that I'm not m financial technology companies, even though you said, you know 1111 01:29:44.119 --> 01:29:48.399 you thin take companiable and companies that use technology to eat and the services that 1112 01:29:48.520 --> 01:29:53.960 they offer. They have actually noticed that there have been a lot of downtimes 1113 01:29:54.039 --> 01:30:03.159 with this banking company sometimes as long as it t like immune. Yeah, 1114 01:30:03.199 --> 01:30:09.479 you're your honestly be of any service on the platform. So I don't know 1115 01:30:09.560 --> 01:30:17.279 what okay, okay, hear me very cloud talking about yes, your technology, 1116 01:30:17.359 --> 01:30:24.880 because I don't know almost all the almost all the financial technology companies that 1117 01:30:24.920 --> 01:30:31.479 I know sometimes and have down times of up to be something and to these 1118 01:30:31.520 --> 01:30:35.199 you can't carry carry out an chance when you absolutely like what guarantees came on 1119 01:30:35.279 --> 01:30:40.840 giving around your technology was up to your technology and how can we trust and 1120 01:30:40.960 --> 01:30:44.640 the carbon technology to see Okay, maybe when we are in the spat time 1121 01:30:44.800 --> 01:30:48.720 will not be experiencing any downtime and affect them affect us as your way. 1122 01:30:49.199 --> 01:30:54.199 Yeah, that's that's a that's a final question. That's a very one. 1123 01:30:54.399 --> 01:31:00.920 So yeah, questions with you guys our technology, infrastructure and how can ensure 1124 01:31:01.039 --> 01:31:05.560 that customers are only guaranteed is people or great service, service and clothes. 1125 01:31:05.600 --> 01:31:11.279 So yeah, this is not just peculiar to Carbon, like you rightly pointed 1126 01:31:11.319 --> 01:31:14.640 in your question, this is affected by financial services. They are all the 1127 01:31:14.960 --> 01:31:20.439 underlining fact or why use particular to a particular with financial services in Nigeria and 1128 01:31:21.199 --> 01:31:28.039 nonetheless at Carbon, we are always keen on innovation and one of our core 1129 01:31:28.119 --> 01:31:30.680 goal and our primary goal prisiple goal, our first principle is putting the customer 1130 01:31:30.680 --> 01:31:35.520 affairs. And over time we realize that in able to ensure we guarantee consistence 1131 01:31:35.600 --> 01:31:42.000 excess service to our users, we've had to currently upgrade most of our infrastructures. 1132 01:31:42.239 --> 01:31:45.560 All this impli is that now you could get access to all our services 1133 01:31:45.600 --> 01:31:49.159 and it gets better. Yes, we've taken note of things and complaints that 1134 01:31:49.239 --> 01:31:54.680 customers are user and given us over the past like ly pointed out this service 1135 01:31:54.800 --> 01:32:00.399 downtime and in addition to a view the technical operational challenge to be facing and 1136 01:32:00.520 --> 01:32:04.119 as a business and as an entity in effuntance service space that is affected by 1137 01:32:04.520 --> 01:32:09.880 these same issues. We we're currently working and upgrading this and in the communities 1138 01:32:09.880 --> 01:32:12.960 you would see that just like last trip, you see that as an updates 1139 01:32:13.039 --> 01:32:16.279 you probably got. You probably got the complications for most noting you to update 1140 01:32:16.319 --> 01:32:19.760 your app. So whenever you get if you're not gotten that or so maybe 1141 01:32:19.760 --> 01:32:24.479 you get this incoming days or comming weeks, please update your help What that 1142 01:32:24.560 --> 01:32:27.600 does it you in preservation with the app and make sure you do not have 1143 01:32:27.960 --> 01:32:32.520 salvice downtown as you probably get well again approaches for inconvenience with the gards SS 1144 01:32:32.560 --> 01:32:36.439 that then past and it's something we are king and we are consistent on giving 1145 01:32:36.720 --> 01:32:43.359 great value for every time because of a product that's perfect, great, great, 1146 01:32:43.399 --> 01:32:46.239 great. One someone is asking if you offer pere a flows and what 1147 01:32:46.439 --> 01:32:50.479 pure flaws are asking to clarify that if it does, I think I know 1148 01:32:50.640 --> 01:32:54.359 that it's it's puvil funds. No, as as now, we do not 1149 01:32:54.479 --> 01:32:59.359 provide improve of funds or for our users. Okay, So that answers that 1150 01:32:59.520 --> 01:33:04.039 questions that for Jack ma pretty much pretty much excellent, all right, good 1151 01:33:04.159 --> 01:33:06.319 good, good stuff there. All right, welcome, But I mean it's 1152 01:33:06.560 --> 01:33:11.960 been an interesting conversation, which you like. I said, we are all 1153 01:33:12.119 --> 01:33:15.119 about talking about money, the finance, the economy, but I want to 1154 01:33:15.159 --> 01:33:18.279 make it personal. How does it affect in my pocket? And now we 1155 01:33:18.439 --> 01:33:21.600 have an option, right, we've heard that if we have that need, 1156 01:33:21.880 --> 01:33:27.640 we can actually get a loan for say ten thousand Nira. And you've sort 1157 01:33:27.680 --> 01:33:30.119 of bed, You've given us the whole work to say, if we pay 1158 01:33:30.199 --> 01:33:35.279 back on time, if we pay back early, we can increase that line 1159 01:33:35.560 --> 01:33:40.359 and it would maybe perhaps get a lower interest rate. So it looks as 1160 01:33:40.359 --> 01:33:43.279 thing like this is like an emergency fund I could start to build, Like 1161 01:33:43.399 --> 01:33:47.680 if I was taken Alan, I would go to carbon get one and sort 1162 01:33:47.720 --> 01:33:55.479 of drive that number up to a limit where I can have something there that 1163 01:33:55.600 --> 01:34:00.640 I can reach out and touch if I need it. So I do like 1164 01:34:00.800 --> 01:34:03.439 that. I like that a's an option. Justfiness for the corporate side also 1165 01:34:03.479 --> 01:34:06.840 the paste out side. That's also good, and I like that you've also 1166 01:34:08.000 --> 01:34:11.640 been able to take the questions from the folks. I might any want to 1167 01:34:11.720 --> 01:34:17.359 li say anything too bad about a Carbon, So again could us to you 1168 01:34:17.640 --> 01:34:21.239 and to your team and to all the guys that run a carbon. I 1169 01:34:21.359 --> 01:34:27.159 don't know if you have any closing remarks before I officially let us go enjoy 1170 01:34:27.279 --> 01:34:36.399 our weekend Carbon you have any closon Box, I just wanted to say that 1171 01:34:36.640 --> 01:34:41.800 again. Thank you for joining the space, thank you for taking our time 1172 01:34:42.000 --> 01:34:45.439 to miss into a proposition, and for goners y quaries, please feel free 1173 01:34:45.479 --> 01:34:49.039 to reach out towards where DM. If you can which your queries, someone's 1174 01:34:49.039 --> 01:34:53.560 going to pick it up and resolve them and more potently, I'd shared in 1175 01:34:53.640 --> 01:34:56.680 this league how you can download. For those that are new users are interested 1176 01:34:56.760 --> 01:35:00.640 in this, please download the app. There's a link or idiot catch Please 1177 01:35:00.800 --> 01:35:03.920 tick the link. It takes you to the play store Google Store to download 1178 01:35:03.960 --> 01:35:06.880 the app, and you can complete that in a very simple step less than 1179 01:35:06.960 --> 01:35:11.279 five to ten minutes. You don't blush. You provide us with your basic 1180 01:35:11.399 --> 01:35:16.520 verification access to quickly KYC for your UM, your your BEV and your your 1181 01:35:16.880 --> 01:35:24.199 bank statements and with that you're good enough to access it particular mulating. Okay, 1182 01:35:25.119 --> 01:35:29.720 thank you for your time. Yeah again, thank you again for giving 1183 01:35:29.800 --> 01:35:34.560 us that option and educating us about it. Um. I've associate the handle 1184 01:35:34.640 --> 01:35:38.960 cabinets. Put the hand the handle on how you can assess how you can 1185 01:35:39.079 --> 01:35:42.520 download the app as a link there app on a reat. We taking a 1186 01:35:42.560 --> 01:35:45.760 Google to Carbin's handle at get on the score cabin or you go to my 1187 01:35:46.000 --> 01:35:50.399 handle and also get that link there and if you are interested, please download. 1188 01:35:50.600 --> 01:35:54.840 Let me of those close with that advice for you guys, debt is 1189 01:35:55.079 --> 01:35:59.319 no front loaded consumption. So if you take a debt, you're basically consuming 1190 01:35:59.600 --> 01:36:02.359 your income in the future. But like I said, the very beginning, 1191 01:36:02.479 --> 01:36:09.079 you cannot. It's difficult to grow and to scale without having access to credit. 1192 01:36:09.560 --> 01:36:15.159 The middle point is knowing how to utilize different types of credit at different 1193 01:36:15.319 --> 01:36:20.399 life stages to grow your income and to balance. Should we see your balance 1194 01:36:20.439 --> 01:36:25.560 ship, So I would like to see this loan be used for productive activities. 1195 01:36:25.600 --> 01:36:29.560 But if your startup you're to borrow, you're taking a loan for working 1196 01:36:29.640 --> 01:36:35.680 capital to boost your ability to deliver on your promits and your vision to your 1197 01:36:35.920 --> 01:36:40.399 clients. You know, don't don't take a loan to buy a status car. 1198 01:36:40.800 --> 01:36:43.520 You might take a loan to buy a delivery van. You know that's 1199 01:36:43.560 --> 01:36:46.319 going to pay back. So in essence, if you're taking an interest bearing 1200 01:36:46.399 --> 01:36:53.880 loan, make sure it is being used for an interest bearing or income and 1201 01:36:54.119 --> 01:37:00.720 a beer arning activity. So interest bearing loan should only go to income generating 1202 01:37:00.039 --> 01:37:04.800 activities. So with that word of advice, I will close out the space. 1203 01:37:04.960 --> 01:37:09.600 Thank you guys for joining. Hope to be back here next week. 1204 01:37:09.680 --> 01:37:12.760 I think next week is going to be on a Sunday. We all today 1205 01:37:12.840 --> 01:37:15.359 to the days on the weekend and we hold a space. It's going to 1206 01:37:15.399 --> 01:37:18.079 be a Friday or Saturday or Sunday. So next week is going to be 1207 01:37:18.159 --> 01:37:23.000 on a Sunday, same time, seven pm most African time, when we 1208 01:37:23.079 --> 01:37:26.399 talk money, capital markets, finance, and we'll trying to make it of 1209 01:37:26.479 --> 01:37:29.319 course personal to you. So now know, thank you, cabin take you 1210 01:37:29.399 --> 01:37:31.560 all that I'm joining. I put it all the questions I wish you guys 1211 01:37:31.680 --> 01:37:33.960 got speed and taking ourselves by