One of the numerous benefits of Anyworkx app is the facilitation of loan facilities for Service Providers to upscale and upgrade their business through the acquisition of new tools and equipment needed to render improved services to their customers. One of the objectives of Anyworkx app is to enhance productivity in the service industry and we have positioned the app to be a supportive partner to help you grow your service business.
X-agon Digital Solutions Limited has therefore entered into partnership with financial institutions to facilitate loan facilities for service providers using Anyworkx app to transact business.
The Anyworkx Business Enhancement Loan (ABEL) offers credit facilities to service providers who are on Anyworkx app up to 200% of the service transactions done via the app in one quarter (three months) to help service business owners to compete effectively in their chosen profession, render quality service to their customers and expand their business. For example, a service provider who transacted business on the app worth N500,000.00 within three months is eligible for a N1million naira credit facility. Terms and conditions however apply.
It is open to only service providers with verifiable business transactions on the app and whose cash flow patterns on Anyworkx meet the requirement for lending.
Features
- Anyworkx service providers can get a loan up to a maximum of N5million to purchase assets and equipment needed for their business operations.
- The loan is payable over a maximum of thirty-six (36) months in equal instalments.
ELIGIBILITY OF A BORROWER
Any Service Provider who wish to obtain a credit facility under the Anyworkx Business Enhancement Loan (ABEL) structure must possess the following:
- Must have been registered and verified on Anyworkx app for a minimum of 5 months prior to the application for loan.
- Must have been accepting job orders/bookings on Anyworkx for at least 3 months prior to the loan application.
- Must have completed the 5 tiers of verification on the app at least 3 months prior to the application for loan.
- Must have received an average four-star service rating from customers during the period under review.
- Must have been living in the residential address registered on Anyworkx for at least two years.
- Must not have cancelled any job orders/bookings on Anyworkx app during the 3 months of transactions under review for loan consideration.
QUALIFYING USE OF FUND
Anyworkx Business Enhancement Loan (ABEL) is designed to facilitate increase revenue generation for service providers. This loan can only be used for the purchase of tools/equipment/assets that are directly related to the service business of the applicant and that will position the service provider for improved business patronage.
It is important to emphasize that such tools/equipment/assets must be directly related to the service the applicant has registered on Anyworkx to render on the app.
REPAYMENT
The repayment of the loan shall be in equal instalments spread over the approved tenor of the loan.
For further enquiries please contact Customer Service Team on 0915 137 7777 on normal calls or whatsapp or email: ABEL@anyworkx.africa
