5 Sep 2022 , 11:48 AM
The number of loans disbursed in August 2022 jumped 348.13% year on year, while the value of loans disbursed climbed 350.67% on a y-o-y basis.
Furthermore, the company continues to anticipate sufficient growth and upsell prospects in this industry and is focused on book quality.
The StuCred App continues to see increased and new records in user engagement, with the average monthly transacting users (MTU) for the month of August 2022 increasing by 238% year on year.
The company further stated that to keep with its mission, it has launched the StuCred Alumni programme on its app.
StuCred Alumni is a unique service in which StuCred attempts to support its users after they have graduated. Company’s Alumni users will have improved access to credit in order to meet their needs and continue their financial literacy efforts.
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