Skip to content

Agfin

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Start Talking

Agfin

With Agfin Benefits Account, Agfin MFI expands the bouquet of services offered by its field officers to small scale retailers and micro-entrepreneurs in the South-West of Nigeria

With Agfin Benefits Account, Agfin MFI expands the bouquet of services offered by its field officers to small scale retailers and micro-entrepreneurs in the South-West of Nigeria

The Situation

Agfin’s field officers have built a long standing relationship with the micro-entrepreneurs that they service. Many are on first name terms and know the businesses of their customers in close detail. These field officers primarily help their customers to handle their savings by helping them with daily cash pickups and savings record keeping.

A common need of the entrepreneurs is payment services. To get money to 3rd parties, they provide the cash to the field officer who in turn has to incur the cost of finding mobile money agents or bank branches to handle multiple deposits.

Another common occurrence is that the entrepreneurs often require loans for short term needs and business growth, which Agfin field officers may not have liquidity to cater for without incurring the associated risks.

Agfin partnered with a couple of banks and lenders who have exposed APIs via OnePipe to cater to this need.

The OnePipe Solution

Agfin, in partnership with OnePipe and 2 banks, deployed Grassroots Banking to both their field officers and the micro-entrepreneurs that they service.

Agfin’s field officers were able to dial a USSD code to have incentive-driven accounts assigned to them. They were also able to access the accounts via a conversational interface that’s a core proposition of the Grassroots Banking platform. Once comfortable, the field officers were able to guide their customers through the same process.

This set the stage for more possibilities.

The customers are able to activate a savings plan off their dedicated accounts, such that cash picked up my field officers are always deposited into the accounts of the customers directly, so they can track their deposits and savings. This savings activity is then used by OnePipe lending partners who have provided APIs on OnePipe to underwrite access to credit for the customers.

The incentives made available on the accounts have also empowered the field officers to make some money by offering secondary financial services to their customers:

  • Funds transfer services that are now truly digital and cheaper. Further deepening the data trail used to underwrite credit for the customers.
  • Airtime and data purchase, such that the field officers keep a portion of the spread from the discount
  • And many more.

OnePipe worked with Agfin account managers on the go-to-market and activation activities to ensure the success of the Agfin Benefits Account programme.

The Situation

Agfin’s field officers have built a long standing relationship with the micro-entrepreneurs that they service. Many are on first name terms and know the businesses of their customers in close detail. These field officers primarily help their customers to handle their savings by helping them with daily cash pickups and savings record keeping.

A common need of the entrepreneurs is payment services. To get money to 3rd parties, they provide the cash to the field officer who in turn has to incur the cost of finding mobile money agents or bank branches to handle multiple deposits.

Another common occurrence is that the entrepreneurs often require loans for short term needs and business growth, which Agfin field officers may not have liquidity to cater for without incurring the associated risks.

Agfin partnered with a couple of banks and lenders who have exposed APIs via OnePipe to cater to this need.

The OnePipe Solution

Agfin, in partnership with OnePipe and 2 banks, deployed Grassroots Banking to both their field officers and the micro-entrepreneurs that they service.

Agfin’s field officers were able to dial a USSD code to have incentive-driven accounts assigned to them. They were also able to access the accounts via a conversational interface that’s a core proposition of the Grassroots Banking platform. Once comfortable, the field officers were able to guide their customers through the same process.

This set the stage for more possibilities.

The customers are able to activate a savings plan off their dedicated accounts, such that cash picked up my field officers are always deposited into the accounts of the customers directly, so they can track their deposits and savings. This savings activity is then used by OnePipe lending partners who have provided APIs on OnePipe to underwrite access to credit for the customers.

The incentives made available on the accounts have also empowered the field officers to make some money by offering secondary financial services to their customers:

  • Funds transfer services that are now truly digital and cheaper. Further deepening the data trail used to underwrite credit for the customers.
  • Airtime and data purchase, such that the field officers keep a portion of the spread from the discount
  • And many more.

OnePipe worked with Agfin account managers on the go-to-market and activation activities to ensure the success of the Agfin Benefits Account programme.

The Outcome

Agfin Benefits Account, has helped to deepen financial inclusion for the micro-entrepreneurs that Agfin serves and given them access to more financial services like loans and insurance while creating new revenue streams for Agfin’s field officers.

In the words of the MD – Agfin Limited We leveraged OnePipe’s platform to consolidate our social empowerment, microfinance efforts among indigent farmers and traders. Thanks to our partnership with OnePipe, we have commenced digitizing  our microfinance ecosystem and successfully created financial digital footprints for erstwhile financially excluded persons”

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla fringilla ipsum augue, quis sodales risus pulvinar vel. Donec sit amet lorem nec erat imperdiet vehicula. In eget justo vitae nibh varius iaculis nec at libero. Proin faucibus nunc est. Mauris consectetur nisi non malesuada pulvinar. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Fusce pretium vestibulum quam, sit amet pulvinar augue aliquam non. Vestibulum posuere dapibus aliquet. Quisque sed tortor mattis, iaculis justo sit amet, pellentesque ante. Morbi blandit orci ut metus scelerisque eleifend. Vestibulum efficitur faucibus lectus vitae consequat. Sed et venenatis sapien. Praesent vulputate metus in enim sollicitudin ullamcorper.

Etiam laoreet urna eu mollis congue. Suspendisse potenti. Sed lobortis feugiat sollicitudin. Aliquam dignissim suscipit massa non congue. Duis sit amet arcu consequat, cursus sem at, convallis sem. Mauris velit neque, sollicitudin sit amet massa quis, vehicula aliquam augue. Vestibulum finibus lacus et tempus auctor. Vestibulum id eros sit amet ex dapibus consequat in quis purus.

Pellentesque interdum ornare erat non porttitor. Nullam sit amet ultrices neque. Proin et egestas lorem. Aenean eget accumsan quam, quis commodo orci. Mauris sem dui, varius vitae hendrerit in, lacinia at dolor. Fusce convallis nec justo ac semper. Maecenas suscipit odio et felis pretium, in dignissim diam efficitur. Mauris faucibus leo risus, quis laoreet neque condimentum auctor. Suspendisse pulvinar neque et mi hendrerit finibus.

Integer in venenatis dolor. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae; Donec convallis mauris pharetra urna pretium, eu molestie tortor bibendum. Duis convallis dolor in est luctus sollicitudin. Nulla semper consectetur volutpat. Ut finibus ipsum neque, vitae dictum libero mollis quis. Fusce rhoncus luctus vehicula.

Fusce vitae tristique metus. Integer elementum, nibh eu viverra molestie, justo nisi rutrum nibh, nec porttitor diam libero ac eros. Praesent sapien felis, iaculis in volutpat quis, tempus sit amet tortor. Curabitur eget dignissim ipsum, ut tristique felis. Nullam auctor pulvinar urna. Aliquam laoreet ligula sollicitudin nunc bibendum commodo. Curabitur ac neque ac nulla fringilla porta a rutrum magna.

Vestibulum at pretium sapien. Etiam volutpat varius urna. Aliquam porta metus nibh, et tristique mi tristique sed. Aliquam commodo ultrices mauris, auctor pellentesque nunc hendrerit ut. Sed in lectus laoreet felis interdum elementum. Donec ornare interdum nisl, ac euismod lectus varius vel. Praesent ut massa felis. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas facilisis, tellus vel lacinia placerat, lectus nibh imperdiet arcu, mattis pharetra metus justo eget metus. Nam dignissim placerat vulputate. In hac habitasse platea dictumst. Fusce gravida laoreet lectus, a feugiat ligula vehicula non. Cras sem nibh, lacinia sit amet arcu et, vestibulum viverra tellus. Donec imperdiet venenatis ipsum, fermentum accumsan enim tristique nec. Nulla non venenatis justo. Pellentesque egestas urna iaculis, tristique lacus in, feugiat ipsum

Similar Cases

LASRRA

The partnership between OnePipe and Paystack, unifying the Paystack APIs within the OnePipe standard helped the Lagos State Residents Registration Agency…

Lekki Gardens

Residents of the Lekki Gardens 1 estate approached FacilityBills.com to digitize the payment processes of the estate. To improve collection rates…