Tilgent Pay, in collaboration with the Liberian Bank for Development & Investment (LBDI), is set to launch a mobile wallet and mortgage funding platform in Liberia. This initiative aims to provide an opportunity for low to middle-income individuals to access long-term mortgages, allowing them to purchase their own homes in Liberia. The vision behind this program is to assist those who have previously had limited access to home loans, by offering funding for eligible Liberians to make small, manageable payments over a period of up to 25 years.
Tilgent Pay specializes in providing secure mobile wallet payment technology services, allowing users to store, send, process, and complete financial transactions securely using any mobile device. With headquarters in Clearwater, FL, USA, the company operates in various countries, including Côte d’Ivoire, the Dominican Republic, and soon in Liberia. This innovative technology will provide a convenient and secure way for individuals to manage their finances and access mortgage funding for homeownership.
The mobile wallet and mortgage funding platform will be a game-changer for low to middle-income earners in Liberia. By offering a solution for individuals to purchase their own homes through small, manageable payments over a long period, Tilgent Pay is addressing a critical need in the market. This initiative will empower individuals who may not have had the opportunity to own a home due to financial constraints or limited access to traditional home loans.
The collaboration between Tilgent Pay and LBDI demonstrates a commitment to financial inclusion and empowerment in Liberia. By leveraging mobile technology and innovative financial solutions, the program will provide a pathway to homeownership for eligible Liberians. This initiative aligns with the goal of promoting economic development and stability in the country, by enabling individuals to build assets and secure their financial future through homeownership.
In conclusion, the vision behind Tilgent Pay’s mobile wallet and mortgage funding platform in Liberia is to provide a sustainable solution for low to middle-income earners to own their homes. By offering long-term mortgages with small, manageable payments, the program aims to empower individuals who have previously been excluded from traditional home loan options. This initiative represents a significant step towards financial inclusion and economic empowerment in Liberia, and is set to make a positive impact on the lives of many individuals in the country.