Fets, ChanjaDatti Provide Financial Inclusion for IDPs

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Fets, Nigeria’s licensed mobile money operator in Nigeria is collaborating with ChanjaDatti on a financial inclusion programme aimed at empowering the internally displaced women at the New Kuchingoro IDP Camp, Durumi, Abuja, in the Federal Capital Territory.

ChanjaDatti is a social enterprise that currently collects waste plastic and transforms them into flakes or bales, which are then supplied to off-takers/recyclers for use in the manufacture of various other products.

Fets and ChanjaDatti’s collaboration is expected to empower the displaced women through ChanjaDatti’s Recycredit scheme. By collecting or supplying recyclables to ChanjaDatti, the women are able to earn points which can be immediately converted to cash-in-wallet, on the fets wallet mobile money operation platform,

In order to offset issues with proximity to banks from the camps situated in remote areas and high cost of opening bank accounts, fets is utilising this programme to introduce these women to a formal banking system through an electronic platform. A mobile phone company will also provide the women mobile phones handsets to aid mobile transaction.

Commenting on the development, Managing Director of Fets, Omotade Odunowo, said: “We are delighted to partner with an organisation like ChangaDatti on a programme like this as we strive towards seeking platforms for positive reformation and total empowerment for these vulnerable women.”

According to her, the company is strongly inspired by the efforts of these women who are obviously keen to seek ways to rebuild themselves and families after the devastation they have suffered and are excited by the opportunities that are now available.
“fets is not only introducing the fast growing world of technologyto them but also mobile-money operations on an easy,safe and seamless platform,” she added.

Speaking in the same vein, Chief Executive Officer of ChanjaDatti, Olufunto Boroffice, said:“Our technology driven world is a manifest of innovations propelled by advances in technology, which also enhances environmentally sustainable development. Co-innovation to solve problems for our clients and our environment using technology, therefore has become paramount.
“This is why ChanjaDatti has formed a strategic partnership with fets, the market leader in mobile banking in Nigeria, and Africa’s most trusted mobile company to promote recycling technology which is critical to sustainable development and provide a mobile platform for our Recycredits initiative. This initiative seeks to incentivise households/individuals for taking daily ‘green’ action to recycle the waste they generate.”