Rank launches Money Circles: digital Ajo with zero-interest capital access
Sponsored content: Rank, a CBN-licensed microfinance bank, launches Money Circles — a regulated digital version of traditional Ajo/Esusu savings schemes. Users can access capital upfront (e.g., ₦100,000 repaid as ₦10,000 monthly for 10 months at zero interest) for rent, school fees, or business expansion. Multiple circles available with varying amounts, group sizes, and durations. Rank holds and manages all funds, guaranteeing every payout — no admin can abscond with the pot. Unlike traditional Ajo, the last slot receives their contribution plus a bonus. The company reports over $100 million paid out to users in the past year. Product accessed via the Rank app. As with any financial product, evaluate terms independently before committing.