Build Africa and Oze Team Up to Offer ₦2 Billion Credit for Nigerian Property Builders
Build Africa, a prominent digital marketplace in Nigeria for building materials, has partnered with the financial technology (fintech) platform Oze to introduce the Build Africa Credit Scheme. This innovative “Buy Now Pay Later” (BNPL) program is designed to support builders, contractors, and developers throughout Nigeria by easing their access to essential construction materials.
Addressing Construction Financing Challenges
The Build Africa Credit Scheme aims to address the significant financing hurdles often faced within Nigeria’s construction sector. This initiative provides an annual credit facility valued at over ₦2 billion. The program is designed to facilitate quicker access to construction materials, thus accelerating project completion for numerous professionals in the industry. The scheme boasts a fully digital application process. Customers who are purchasing materials through the BuildAfrica.store can now easily apply for short-term credit. Following an application, approval can be granted within just 24 hours. A key advantage is the ability to use the approved credit immediately during checkout, and no collateral is required. According to Meghan McCormick, the Co-founder of Oze, the collaboration between the two companies offers an exciting opportunity for Nigerian builders.
Keywords
Related Keywords: Build Africa, Oze, Nigeria, property builders, credit scheme, 2 billion, construction loans, real estate financing, Nigerian construction, small business loans
