Why Crendly:

we want to change lives and change communities

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Access to funds can be life changing. When you can grow your business, live your dreams and do the little things without breaking a sweat like getting a meal, being there for your family and friends. This is what we mean by life changing. 

However, seven in 10 banked people in Nigeria have access to the money they need in the shape of loans. That’s millions of people shut out of pivotal opportunities, and millions more who can’t live up to their fullest potentials due to financial barriers. Crendly was created to change this and we have designed our solution around three major pillars: community, choice, and trust. 

On Community

Community has proven to be our greatest defense against the world’s toughest problems. From climate change, to covid-19,  we’ve been reminded repeatedly of the difference we can make when we come together. At Crendly we’ve also seen the impact communities have on the informal credit system. Businesses are started and sustained by informal funding systems run by the community; dreams, and everyday needs have been met by informal loan systems set up by the community; people have been known to run to their communities first for economic support. Because the community always has your bank.

Crendly is designed to replicate the most functioning and close-knitted kind of community you can imagine. With Crendly, people are given a platform to support one another by lending and borrowing amongst themselves without third-parties facilitating their interaction or standing in the way. For someone somewhere, Crendly will mean that support will always be around the corner for them, whenever they need it, and at an incredible speed. For lenders rendering this support, being proud that their money goes to real people, and having a consistent monthly income stream and. For everyone, it will be making credit equally accessible.

Choice

Crendly is built on the values and principles of community, one of which values is choice. Through intuitive and unbiased algorithms, people can choose who they would like to lend to or borrow from. Crendly’s users are also backed by a technology to vet their choices, and make the most confident one. Choice is an important feature of building our community, and it’s reflected down to the kind of features we design. 

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Trust

Building an audacious platform like this requires earning the trust of Crendly's users day in-day out. That's why we are channelling all our resources to constantly improve our credit risk systems and through this, keep the funds of lenders safe and the interest of borrowers protected. On Crendly, everyone wins.

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Finally,

At Crendly, we find fulfilment in solving challenges around access to credit in Africa. So, whether you are a business owner, or hold a 9-5 job, our cause is to make sure you get access to cash right when you need it. It’s for this sole reason we created Crendly. So, welcome!