Connect with us

Hi, what are you looking for?

E-Financial

Kuda Customers React to Revelations on How They Spent Their Money in 2023

Kuda Microfinance Bank’s Spending Report feature has been a highlight of the month for the bank’s customers. The report Launched on January 8, 2024, details how customers spent their money in 2023, including figures for transfers, airtime purchases and bill payments such as electricity and TV subscriptions.

The report also showed how customers used the bank’s popular overdraft feature, which allows eligible customers to spend above their account balance up to a limit at a low interest rate.

According to a 2021 survey by EFInA, a UK development institution, a lot of adults living in Nigeria have limited financial literacy and capability, particularly in financial planning. Kuda’s Spending Report is one way to improve financial literacy and help everyday people plan their finances, showing them how they’ve earned money, spent money, saved and even invested.

Kuda

Many Kuda customers took to X, formerly Twitter, to share their spending reports and how the data in the report could influence their financial decisions in the future. One user, @drackfel said, “I love the new  @joinkuda spending report update. It can help one improve how to spend money. Kudos to you Kuda!”

Another customer, @DeejayHolla revealed that he would change his spending habits in 2024, “Kuda just sent me my annual spending report and I don almost get asthma. This year will be different, walahi.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

News

Federal High Court sitting in Lagos has restrained telecom operators in Nigeria from deactivating or barring any line or sim whose user did not...

Tech

Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation,...

Business

QNET, a global lifestyle and wellness-focused direct-selling company is excited to announce the upcoming launch of V-Africa 2024, an event designed to bring together...

News

The family of the late Herbert Wigwe, the former group chief executive officer (GCEO) of Access Holdings Plc, has announced arrangements for his burial...