Ùgò Chúkwú
@ChukwuAugustus
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Solving Credit at @oherepay
Global
Joined July 2017
For Nigeria 🇳🇬 and Africa, to be transformed into a #Credit #Economy two key things need to be in place: 1. Enforcement Mechanims - to ensure loan default is properly addressed.👮♀️ 2. Sound Credit Infrastructure🏦 📹 Watch to learn how we are solving these 2 key issues at Ohere
Watch our CEO, @ChukwuAugustus explain how we are solving the Credit problem in Nigeria using our Credit Risk Assessment Model and Credit Cards at @in5dubai
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If you TRULY CARE about your customers. You have NO competition.
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If you don’t love it any rational person would give up because they’re sane.
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If this were the last thing I would work on before I die, would it be worth it?
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The people who build amazing stuff master the art of doing boring stuff for a very very long time.
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The real danger of poverty is that it shrinks your mind to always focus on the immediate quick buck you have to make from every relationship that you lose out on so many skills and relationships that normally take time to build up before they yield huge fruits.
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This is impressive. Embodied movement is the final frontier that AI needs to truly become general purpose and truly useful.
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Limit the number of details and then make every detail perfect.
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Great step in the right direction. Once businesses are formalized they become visible, can be assessed for credit and they can get access to credit lines. The wealth they create can be recorded, preserved and multiplied. Next step is to integrate this into fintech & bank apps.
CAC, SMEDAN Launch Free Registration Drive for 250,000 MSMEs The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have launched a nationwide drive to provide free business registration for 250,000 Micro, Small and
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That’s why you can’t MAKE laws. You discover laws of the market based on how people are already carrying out their businesses. You then aggregate and formalize them. If the laws are antithetical to what the people are used to they simply ignore them and deal extralegally.
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Nations are built by entrepreneurs. Even the development of politics is an entrepreneurial process not vice versa. The reason is simple institutions and regulations mirror the solutions enterprises have invented based on what works in their market.
In the narrative of Africa’s development, there is a structural inversion we must accept: private companies will lead the charge before public institutions become truly capable. To hope that public institutions must be perfect before private enterprises can flourish is to
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Words to live by
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Nigeria 🇳🇬 has what it takes to become a world power, but the country is indirectly controlled by Western imperialism and corrupt elites.
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Culture is a people’s adaption of values based on their interpretation of their past, which informs their choices for today based on their vision for tomorrow.
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The fastest way to become successful is to associate with people more successful than you. This results in some of the fastest learning and behavior change you can experience. The problem is...they wont want anything to do with you. So you have to find ONE thing you're more
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