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OUR STORY

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ABOUT US

Credence Lending Alliance is a nontraditional financial technology (fintech) platform that relies on artificial intelligence and blockchain technologies to offer financial products to investors and borrowers on mutually agreeable terms to fund individual’s, group’s or business’ loan financing request (crowdlending, P2P lending). In effect, we facilitate loan credits by matching willing investors with qualified borrowers. On our own, we do not directly grant loans but we help vet or assess potential borrowers by ensuring that they are who they say they are. We also collect necessary information to determine borrowers’ creditworthiness by conducting comprehensive background checks. Our platform determines applicant’s credit worthiness through our in-house state-of-the-art credit scoring system that is done through answers to an array of questionnaires on the platform. Consequently the platform determines the appropriate interest rates borrowers would pay to access any given loan amount and loan tenure or repayment period (however, the maximum loan term is 2.5 years (30 months)) subject to future changes. Investors have the right to fund or refuse to fund any loan request, and credit history of borrowers with us determines the size of their future loan and interest rate. Any loan request that is not fully funded within 60 days would be deemed unfundable and as such, the affected campaign will be withdrawn and any partial fund already secured towards that request will either as may be decided, paid to the borrower or be refunded to the contributing nvestors’ accounts. This, however, is without prejudice to future loan application from the borrower after the borrower must have addressed any issues that prevented funding in the first instance.

WHY CHOOSE CREDENCE?

Our goal is to close or narrow the credit gap in the system, especially, in the consumer products segment by helping Nigerians overcome the challenges of accessing credit for their life changing investment/consumption goals or aspiration to own their own dream cars, buy refridgerators, electricity generators, etc, at affordable interest rates and without having to drain up their life savings. We can all appreciate the almost impossible task of circumnavigating the loan process and the exorbitant costs of funds of the traditional banking institutions in Nigeria when requesting loans for legitimate business and genuine needs to sustain their lifestyle, or acquire a desired asset. With us, you can finance consumables at affordable rates and with appreciable tenure. Credence Lending Alliance can help you meet some of your medium-term financial goals, through our numerous private investors, only subject to minimal criteria and your commitment to make at least, the minimum payment due as at when due. You can secure up to ₦5,000,000 in consumer product financing, ₦20,000,000 in car loan or ₦100,000,000 in mortgage loan, repayable up to 30 months depending on your credit rating score from your creditworthiness assessment results, and at an affordable interest rate (on the average, our rates are lower than the market rates or what most banks offer). As you make payments regularly, your creditworthiness profile rises, and depending on your repayment performance with us, your subsequent loan limits can even go higher. In addition to guaranting affordable interest rates, you have the rest of mind of selecting your own repayment schedule (weekly, bi-weekly, or monthly). However, your selected schedule may also affect your interest rate as part of our risk compensating system.

WHY CHOOSE CREDENCE?
LENDERS

LENDERS

Our investors (lenders) enjoy the rest of mind of knowing that their invested money is secure and with appreciable returns than any bank can grant or can be found elsewhere. In addition, our foolproof security architecture and risk management system are second to none with all transactions and personal/corporate information safeguarded with Distributed Ledger technology. You need only to assess a loan application, and based on your risk tolerance threshold, decide how much of the requested loan amount you want to fund. With average historical annual rate of return of over 10%, and investment as low as ₦100,000, you are guaranteed a proven platform for solid returns on your investment. This platform gives you the opportunity to divest away from stocks where returns on investments have stagnated or dwindled over the years, and with the risk of losing a substantial part of your investment ever on the rise. In addition, being an investor on our platform adds a substantial value to your moral portfolio as you help the real people accomplish their lifelong goals. You help create wealth and diversify the economy of this country, and you indirectly provide employments in areas you know little or don’t even know anything about, all while earning something in return. As an investor on the Credence Lending Alliance platform, you build your portfolio and see your returns grow with a team of professionals who are always available to answer your questions and help you realize your investment goals. Our platform is safe, secure and user-friendly.