Utiva has partnered with six Nigerian lending companies to offer education lending solutions to Nigerians. The initiative aims to provide "Learn Now, Pay Later" loans to 100,000 Nigerian students who are interested in acquiring tech skills, including data science, cloud computing, and product management. Utiva's goal is to help more Nigerians access technology education and improve their career prospects by reducing barriers to entry.
To qualify for the loans, applicants must demonstrate creditworthiness. The streamlined onboarding process powered by technology allows students to start learning within five minutes of applying. Utiva's programs offer immersive, project-based training in data science, software engineering, product management, and digital marketing. The company also provides mentorship and coaching to help students advance their careers.
In Nigeria, access to credit is limited, especially for young people and those without a credit history. However, innovative fintech companies have emerged, leveraging alternative data sources such as social media, mobile phone usage, and online behavior to assess creditworthiness using AI and machine learning algorithms. This approach has opened doors for many Nigerians, increasing access to credit and opportunities for growth.
Utiva has successfully implemented several projects that have helped thousands of young people access technology education and improve their career prospects in its three years of operation. The company has partnered with various organizations such as Binance, Diageo, HP, Facebook, and the Enugu State Government to provide digital skills training to young people.
Utiva's programs provide practical, project-based training in data science, software engineering, product management, and digital marketing. The company's focus on mentorship and coaching helps students develop soft skills necessary for success in the workplace, such as communication, teamwork, and leadership.
Overall, Utiva's efforts to increase access to technology education and training have made it one of the leading technology education companies in Nigeria. The company's practical approach to training and mentorship has helped many young Nigerians develop the skills needed to succeed in the digital economy.