According to what I found on Naijaloanapps its a No, loan apps cannot access your contacts after they have been uninstalled. Once an app is uninstalled, it is removed from your device, including its data and permissions.

However, if the app has collected and stored your contact information before being uninstalled, it might retain that data. This is why it's important to be cautious about granting permissions to apps, especially those that request access to sensitive information like contacts.

To protect your privacy:

• Review app permissions carefully: Before installing an app, check the permissions it requests. Only grant permissions that are necessary for the app's functionality.
• Research apps: Read reviews and do your research before installing apps, especially those from unfamiliar developers.
• Limit data sharing: Be mindful of the information you share with apps, especially personal details like contact information.

If you're concerned about a loan app that has previously had access to your contacts, you can:

• Change your contact privacy settings: Adjust your phone's privacy settings to limit access to your contacts for future apps.
• Consider a privacy-focused app: Some apps prioritize user privacy and may have stricter data handling policies.

Imagine you’re running a small business, constantly overwhelmed by the challenges of managing stock, sales, and customer satisfaction. Enter Ishyiga, the solution designed to revolutionize your operations with a suite of products tailored for businesses of all sizes.

Our Success Stories

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Enterprise Leaders:

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View More

With Ishyiga's suite of products, businesses experience significant improvements. Ishyiga ERP streamlines all your business processes, ensuring seamless operations across various departments. Ishyiga POS manages sales and inventory with ease, keeping your shelves stocked and ensuring you never run out of popular items. 

Ishyiga KAOS optimizes your e-commerce operations, providing a smooth online shopping experience for your customers. Ishyiga COMPTA handles your accounting needs accurately and efficiently, simplifying your financial management. 

Lastly, Ishyiga EBM ensures you comply with tax regulations and automates tax calculations, reducing errors and ensuring accuracy.

Every problem has a unique solution, and Ishyiga offers different packages to meet your needs. Our full business management solution is accessible online, ensuring you can manage your operations from anywhere.

For more information and to see how Ishyiga can elevate your business, watch our video and learn more about our products here and visit our website.

Securing a partnership for your business in Rwanda can be an important step toward growth and success.

Whether you’re a startup or an established company, forming the right partnerships can open doors to new markets, resources, and opportunities.

Here are detailed tips to help you manage this process effectively.

Understand the Rwandan Market

Before going into partnerships, it’s important to understand the Rwandan market. 

Rwanda is known for its stable economy, friendly business environment, and supportive government policies.

The Vision 2024 plan, aimed at transforming Rwanda into a middle-income country, has laid a strong foundation for growth. 

Today, Rwanda continues to attract foreign investment, particularly in technology, agriculture, and tourism.

Identify Potential Partners

Identifying the right partners is the first step in building a successful business relationship. 

Look for companies or organisations that align with your goals. Rwanda has a vibrant network of startups, NGOs, and established companies eager for collaboration.

You can find potential partners through local business directories, trade shows, and networking events hosted by organisations like the Rwanda Development Board (RDB) or the Rwanda Private Sector Federation (PSF).

At Rwandapreneur, we specialise in connecting businesses with the right partners. 

Visit our website to learn more about how we can help you find the perfect match for your business needs. Sign up here.

Build Strong Relationships

Building relationships is key to securing a partnership. This process goes beyond exchanging business cards. 

Attend local events, join industry groups, and participate in community activities.

Building trust and rapport is important in Rwandan culture. Take time to understand their values, business practices, and long-term goals.

Rwandapreneur can assist you in navigating this process. 

Our network includes key stakeholders and industry leaders who are eager to explore new partnerships. Join our community today.

Examine Funding Opportunities

Many businesses in Rwanda seek partnerships that also provide funding. Government grants, international aid, and private investors are available for projects that align with national development goals.

Programs like the Rwanda Innovation Fund or the Africa Innovation Foundation offer financial support and mentorship for startups.

At Rwandapreneur, we can connect you with investors and funding opportunities tailored to your business’s needs. 

Check out our resources or sign up here to get started.

Understand Legal Requirements

Before finalising any partnership, ensure you understand the legal requirements. Rwanda has clear regulations for business operations, including registration, tax compliance, and labour laws.

It’s advisable to consult with a local lawyer or a business consultant who understands the legal sector. 

This step will help you avoid any pitfalls and ensure your partnership is legally sound.

Finalise the Partnership

When you’re ready to finalise the partnership, ensure that all terms are clear and documented. 

This includes the scope of work, financial agreements, roles, and responsibilities.

It’s beneficial to have a written agreement reviewed by a legal expert. 

Clear communication and mutual understanding are important for a successful partnership.

How Rwandapreneur Can Help You Secure Partnership/Investment for Your Business

At Rwandapreneur, we are dedicated to supporting businesses in Rwanda. 

Whether you need help finding the right partners, understanding legal requirements, or examining new technologies, we are here to assist you.

• Access to a Wide Network: Our extensive network includes key stakeholders, investors, and industry leaders ready to explore new partnerships.
• Funding Opportunities: We connect you with investors and funding opportunities tailored to your business needs.
• Expert Guidance: From legal advice to strategic planning, our team provides the support you need to make informed decisions.

Visit our website to learn more about our services and sign up to start building your business network today. Let’s work together to drive Rwanda’s economic future!

I will never forgive retail banks for using my ₦3000 to practice magic tricks, because it vanished into thin air.

In the year 2016, ₦3000 was a lot of money because, in there was meat, soup, stew, rice and garri – for student consumption obviously.

You guys would have loved life back then, ₦10,000 a month would last so well.

I also recall dancing the devil’s tango with another retail bank, it was a back and forth which lasted for 2 weeks before the money appeared.

Or was it when ₦2000 was sent to me by my cousin, but it hung in the air and never dropped?

If Nigerians begin to recount instances where retail banks screwed them over, we would be here till Christmas.

But then, hearing our wails and woes, a savior appeared *cue angels singing* in the form of microfinance banks.

There had been various microfinance banks, all focused on providing financial services which worked towards the needs of individuals and small businesses.

But a big number of them failed.

Why?

I did say their main aim was to provide financial aid, right?

Well, several of them provided a lot of loans for quite a number of people and businesses.

And we can all guess what happened.

The issue was, some microfinance banks (for some reason) trusted that people would pay back their loans, complete and on schedule.

Lol.

Whoever their financial advisor was, did not advise them well.

This risky endeavor put most of the microfinance banks out of business.

But I guess that was the old generation of microfinance banks.

New microfinance banks, however, have found a way to make our money work for them.

Whatever Jack Ma motivational speech they listened to, they should please share the update with us.

Because how did they even come up with that? It makes perfect sense.

Our money works for them, so they make money through us.

And to keep us from leaving their apps, they give ‘cashback’ to us.

A little incentive to keep us loyal to them. Brilliant!

Obviously, at first, there were few bumps on the road.

I mean, it was new and unchartered territory, with almost no history of user experience.

They were basically Indiana Jones.

But also, like Uncle Jones, they slashed with their machete of tenacity, powered by Millennial anger and Gen Z audacity.

This brought forth the birth of the microfinance bank apps we know and love today.

Now, what are the benefits of microfinance banks?

A personal advantage to me is that my money will not play hang man with me.

There are no more high service charges, no more high transaction fees.

And no more of our money performing magic tricks on us.

Although, I doubt microfinance banks can ever kick retail banks out of business because, most people are still very skeptical about microfinance banks.

Like my auntie will say, "if anything happens, I know where to find Second Bank, I will just go there and shout. But I don't like these banks without offices."

Makes perfect sense, she needs to feel her money is secure.

But, if you're like me who cannot shout, let's stay with our bank apps and online customer care.

Also, retail banks provide personalized services and access to advice from professionals, which helps to navigate finances more effectively.

Microfinance banks do not provide that, but at least if a bank transaction is failed, I get my refund within 24-48 hours.

Lastly, to add, nothing is perfect.

Even with the microfinance banks being so efficient, it still has its bad days.

But I still prefer them to retail banks.

I don’t need my money playing Houdini with me.

Drop a comment on which of the banks you prefer. Retail or microfinance banks?

Let's imagine living without a bank account. 

No secure place to store your hard-earned cash, no easy way to send money, and no access to loans to grow your business. Chaotic right?

This is the reality for millions of people around the world especially in Nigeria. 

They are the "unbanked" population facing limitations and vulnerabilities due to lack of traditional financial services.

But a glimmer light of hope shines through with Fintech, a wave of technology-driven solutions bridging the gap and empowering financial inclusion.

Think mobile money apps letting you send and receive funds through your phone, bypassing the need for a bank branch.

In Nigeria, today, most people don’t have a bank account because of the stress of going to the bank, engaging in long queues, signing lots of documents etc.

According to data from the Nigeria Inter-Bank Settlement System (NIBSS), out of Nigeria’s adult population of 160 million, only 60.2 million individuals hold bank accounts as of January 10, 2024.

All these processes are skipped with Fintech when you can easily open a bank account from the comfort of your phone and do all the verification in less than 2 minutes.

Imagine peer-to-peer lending platforms connecting you with microloans directly from other individuals, bypassing hefty bank fees and interests. 

These are just a few ways Fintech is creating financial opportunities for those previously excluded.

Why is Financial Inclusion Important?

Just like having a bank account is a basic right, so is access to financial services. 

It strengthens individuals, families, and communities.

Imagine a small business owner in a rural village finally able to save for expansion, thanks to a digital wallet.

Or farmers securing a microloan to buy better seeds, boosting their harvest and income. 

Financial inclusion creates new potential, fuels economic growth, and reduces poverty levels.

Challenges to Overcome with Fintech

The road to financial inclusion isn't without bumps.

Poverty, lack of infrastructure, and legal barriers often keep people out of the traditional financial system.

Distrust in formal institutions can be another hurdle. 

Fintech solutions need to be tailored to address these specific challenges and cater to the diverse needs of different unbanked segments, from rural communities to refugees.

How Fintech is helping the unbanked

Fortunately, Fintech has a toolbox full of solutions. Let's meet some of these financial superheroes:

1. Mobile wallets: Forget carrying loads of cash around! 

These apps let you store, send, and receive money securely using your phone, no signing of papers needed.

Imagine how convenient it will be for a local street vendor to be accepting payments electronically!

2. Peer-to-peer lending: Small businesses do not necessarily have to queue in a bank to access a loan. They can do that right on their mobile phone through a payment platform like fairmoney etc. 

Need a small loan to start a business? Skip the bank! Connect with individuals willing to lend directly through online platforms, often at lower interest rates. This empowers both borrowers and lenders!

3. Digital identity: Lack of formal documentation can block access to financial services.

Fintech uses innovative solutions like biometric verification to create unique digital identities, opening doors for the previously excluded.

4. Savings and investment platforms: Digital savings and investment apps  are making saving and investing accessible, even for small amounts, fostering financial resilience for the future.

Real-World Impact of Fintechs

It's not just convenience; it's economic empowerment. Imagine a rural farmer in Sokoto connecting with buyers and receiving payments instantly, bypassing middlemen and boosting their income.

Or a market trader in Lagos accessing microloans to expand her business, breaking free from loan sharks' crippling interest rates. 

These are just a few of the countless stories powered by Fintech innovation. But Nigeria's Fintech revolution goes beyond mobile money. 

A peer-to-peer lending platform like Fairmoney, KiaKia etc is connecting borrowers with lenders directly, offering affordable alternatives to traditional bank loans.

Digital savings and investment platforms like PiggyVest are making saving and investing accessible even for small amounts, fostering financial resilience for the future.

Although Fintech holds immense potential, challenges like data privacy and responsible regulation need attention.

Collaboration between governments, financial institutions, and Fintech companies is crucial to ensure inclusive and sustainable financial systems.

Conclusion

Financial inclusion is everyone's business. Support initiatives promoting Fintech solutions.

Together, let's ensure everyone, regardless of background and status has the opportunity to participate in the financial ecosystem and build a brighter future.

Remember, even small steps can have a big impact.  Let's bridge the gap and empower everyone to take control of their financial destiny.

Don't forget to like and comment your thoughts.💯

I had the privilege of attending the AWS Women's Demo Day, an event organized by AWS Startups in partnership with Ajim Capital, on November 8th in Lagos. During the event, I was captivated by the pitch delivered by Rukayat Kolawole-Bello, Co-Founder and CEO of Regxta, a digital platform providing financial services to micro-businesses in remote locations.

Rukayat's inspiration for Regxta stems from her personal experience. Her mother, a micro-business owner, faced challenges in accessing financial services. This motivated Rukayat to establish “The Bells Dynamic Option,” a part-time money-lending business to provide finance to underserved micro-business owners like her Mum.

Driven by her passion for financial inclusion and empowering others, Rukayat launched Regxta in January 2021. This technology platform offers a comprehensive suite of digital financial solutions tailored to the needs of micro-businesses in remote locations. The target customers are the low income earners in rural and semi urban communities in Africa.

Regxta's unique selling proposition lies in its holistic approach, acting as a Venture Capital firm for micro-businesses. Beyond providing loans, Regxta offers a range of free value-added services, including bookkeeping, business incorporation, financial advisory, and legal services.

The platform's vision extends beyond lending to encompass digital wallets, savings, payment solutions, micro insurance, pension, health services, and mortgage. Regxta also assists micro-businesses in restructuring and maintaining financial records.

Rukayat Kolawole-Bello emphasizes the crucial role of financial inclusion in driving economic growth, poverty reduction, community development, and job creation. She believes that women, known for their loyalty, faithfulness, and commitment to family growth, should be prioritized. Regxta is committed to democratizing digital financial services and promoting financial freedom for underserved communities.

Leveraging technology and existing community trust, Regxta empowers individuals without BVN or NIN to access financial services. Regxta's customer base primarily comprises individuals who have never engaged with banks. The platform opens doors, nurtures, structures, and grows these businesses.

Micro-businesses in rural communities can instantly access loans of up to N50k through Regxta. The platform also employs and trains local representatives in each community to provide support and offer digital financial solution services to micro-businesses, promoting financial liberation within their communities.

At Regxta, empowering Africa's unbanked is not just a business goal; it's their purpose, passion, and commitment. The company is dedicated to reducing poverty, creating jobs, and driving community development. You can also share part of their dream by visiting their website or download the Regxta app which is available on PlayStore and AppStore.