The chief executive officer/founder Phoenix Loans Africa, Grace Umoche said a lot of entrepreneurs have expanded their businesses while parents pay their children’s school fees through the firm’s business and personal loans.
Umoche who stated this in an interview with journalists, said
over 500 people have so far benefited from Phoenix Loans Africa, adding that contractors equally got interventions through project financing.
She said the firm is a private sector which is open for partnerships and investments, disclosing that there were plans for expansion as new branches of the entity will come up before the end of the year.
“Being the collateralised loans firms, the challenges we have sometimes, is higher taxation, exchange rate, inflation of markets goods. This causes delays in payments from our clients sometimes, but the company is working towards sorting this out with clients.
“Being a financier, one of my focuses in Phoenix Loans Africa is growing the African economy by helping business owners expand their ventures and creating business opportunities that will transform the continent into an economic hub.
“Consistent with our vision to transform Phoenix Loans Africa to become the first-choice partner in building your business, our brand purpose is to ensure that our partners and clientele are at the core of the excellent financial solutions we provide across sub-Saharan Africa,” Umoche stated.
