Djamo Gets Green Light to Offer Loans and Savings in Ivory Coast

Djamo Finances, an Ivorian fintech company, has received a microfinance license from the Central Bank of West African States. This license allows Djamo to offer loans and savings services to its customers in Ivory Coast. The company aims to provide financial services to the unbanked and underbanked population in the region, leveraging its digital platform to reach a wider audience. With this new license, Djamo can now expand its offerings beyond its existing digital wallet and money transfer services. The move is seen as a significant step in Djamo's efforts to promote financial inclusion and provide accessible financial solutions to underserved communities in Ivory Coast. The company's ability to offer loans and savings products is expected to contribute to the overall economic development of the region. The news highlights the growing importance of fintech companies in addressing the financial needs of populations that have traditionally been excluded from the formal banking system, particularly in developing economies.