Paramilitary Business

1. Zedvance Finance Limited
A subsidiary of Zedcrest Group

2. et
Background: Company’s description
Overview of market
Target Market: Paramilitary Business
Strategies to expand the paramilitary
Summary and Conclusion
Contents

3. 3
Mission
Providing customer-centric
financial solutions through
user-friendly technological
innovations.
Vision
To be the retail banking
experience of choice in
Africa.

4. Background: Company’s description
Zedvance Finance Limited is a consumer finance company. We are
committed to providing consumer credit to our target market in the most
efficient and convenient manner while ensuring best practices. We provide
Cash Loans to individual, groups and offer Point of sale finance for consumer
goods and appliances in partnership with retailers across Lagos. We also
provide Travel Loans to people who wish to travel abroad for education or
business purposes.
Products
Zedvance Nano
Zedvance Payroll

5. Milestones
Over N50b successfully
disbursed
250% growth in
customer count
between 2018FY
and 2020FY
Over 400 staff
strength
Awards
184% loan book
between 2018FY
and 2020FY
Commenced
operations in 2014
in Lagos
First non-bank
institution to launch
aWhatsApp lending
channel
12 Branches
Pan-Nigeria
(present in 8 states)
Won the BAFI awards for the Best
Automated Loan Origination &
Processing Company of the year

6. Overview of market
215, 000 people
Total Military personnel
Active – 135, 000 people
Paramilitary – 80, 000 people
Source: Dataphyte (site)
 NIGERIA POLICE FORCE (NPF)
 NIGERIA IMMIGRATION SERVICE (NIS)
 FEDERAL FIRE SERVICE IN NIGERIA (FFSN)
 NIGERIAN CORRECTIONAL SERVICE (NCOS)
 NIGERIA DRUG LAW ENFORCEMENT AGENCY (NDLEA)
 NIGERIA SECURITY AND CIVIL DEFENCE CORPS (NSCDC)
 NIGERIA CUSTOMS SERVICE (NCS)
 FEDERAL ROAD SAFETY CORPS (FRSC)
 ECONOMIC AND FINANCIAL CRIMES COMMISSION (EFCC)
List of paramilitary organization in Nigeria

7. Target Market: Paramilitary Business
NIGERIA POLICE FORCE (NPF)
NPF data show Lagos State has the highest
number of Police allocation, followed by
Rivers state and Abuja.
NIGERIAN CORRECTIONAL SERVICE (NCOS) 0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2018 2019 2020
Lagos
Source: NPF Data
37% of total service men are employed to
Lagos correctional services.

8. Strategies to expand the paramilitary
• Nigerians spend about one-fifth of their income eating out
This explains why the Quick Service Restaurant (QSR) sector is worth over 280 billion. The food sector has
grown rapidly driven by urbanisation and the increasingly rapid lifestyles of Nigerians, which encourages them
to choose a quick credit platform to meet urgent need requirements. This is especially so, given that the
overage age of Nigerian consumers is below 30 years.
• Intensive growth strategies
– Exploit opportunity in the current market
• Integrative growth strategies
– Exploit growth within the industry as a whole
• Diversification strategies
– Exploit opportunities outside
the current market/industry
Expansion strategies

9. Summary and Conclusion
A loan for military personnel has no restrictions on its end-use. This means
borrowers can choose to use the funds to finance a business idea, foreign
trip, tend to medical expenses, take care of home renovation charges or
wedding expenditure, and more.