SMEDAN

SMEDAN App provides MSMEs (micro, small and medium enterprises) operating in Nigeria a secure and user-friendly platform to access business funds provided by Government and banks.

SMEDAN App uses automated loan and grants processing algorithms to qualify businesses applying for funds; the goal is to enable deserving enterprises that meets its requirements obtain needed capital to boost their business.

SMEDAN App offers funding agencies and applicants multifarious benefits, such as:
* Registration verification of applicants' ID and validation of business's registration allows only qualified applicants.

* Automated shortlisting of proposals reduces, or completely eliminates human interference in the decision process of qualifying applicants.

* Qualification module designed to deepen financial literacy in the business ecosystem for better utilization of loans and grants.

* Automated computation of key metrics to determine profitability of proposals facilitates credit risk appraisal.

* AI-aided evaluation process shortens decision time, improves accuracy of result and minimizes misallocation in disbursement of funds.