Managing Director and Chief Executive Officer of Prospera Finance Limited, Dr. Joshua Obinna Umesegha, is a seasoned monetary knowledgeable dedicated to bridging Nigeria’s monetary literacy hole. Drawing from his in depth background as a monetary analyst, relationship supervisor, and credit score danger knowledgeable, Dr. Umesegha established Prospera Finance to provide tailor-made monetary options that prioritize calculated danger administration, buyer confidentiality, and long-term monetary well being. In this unique interview, he discusses the driving imaginative and prescient behind the agency, navigating macroeconomic volatility, leveraging safe know-how, and partnering with Shakara Square to promote the intersection of bodily wellness and monetary freedom.
Why did you begin Prospera Finance? Other corporations provide related providers, what particular hole did you set out to fill?
What introduced us to this mission is the fact that many individuals lack monetary literacy, regardless that they always deal with cash and work together with monetary alternatives. Having gathered expertise as a monetary analyst, relationship supervisor, and credit score danger analyst, I felt compelled to take the bull by the horns and information individuals onto the suitable monitor—and that monitor is final monetary freedom. That is what we’re constructing right here at Prospera Finance Limited. Our aim isn’t simply to present monetary options; it’s to enhance our shoppers’ monetary accountability, heighten their consciousness, and finally elevate their general monetary well being. Health is wealth, not to sound cliché. We need most of the people to be totally conscious and deliberate concerning the monetary selections they make.
Looking again at your first two years, or one 12 months formally on the books, what would you take into account Prospera’s single greatest achievement?
If you’re counting off the books, it’s been two years; by the books, it’s one 12 months. Looking again, our best achievement is incomes the belief of our prospects. Trust is one thing we’re always constructing and enhancing. Judging by our present portfolio and the regular stream of referrals it generates, it speaks volumes about what we’re doing, the imaginative and prescient of Prospera, and our future. I gained’t give attention to the bodily property we’ve acquired as a result of belief is the one key that unlocks every little thing else.
Given Nigeria’s financial volatility and naira fluctuations, many individuals are sceptical about investing. How do you persuade shoppers to commit their capital?
While we offer tailor-made financing, what units Prospera Finance Limited aside is taking calculated dangers. We keep strictly aligned with regulatory frameworks, we play by the books. But enjoying by the books doesn’t imply we will’t formulate our personal revolutionary options. We be taught from those that got here earlier than us on this business and fine-tune our strategy to keep totally compliant. When navigating market and forex volatility, calculated danger is our greatest technique. We be certain we completely perceive each enterprise earlier than getting into it, guaranteeing we by no means overtrade or stretch past our capability. As a danger analyst, I don’t take a look at danger from a purely defensive standpoint; we actively search for the alternatives embedded inside that danger and manoeuvre accordingly.
You are additionally leveraging know-how. What safety measures have you ever put in place to defend buyer information from cyber threats?
First, we’re licensed by the Nigeria Data Protection Commission (NDPC), which binds us strictly to shopper confidentiality. We by no means disclose buyer data for comfort. Second, we now have established strong inner instruments that safeguard information privateness whereas giving prospects full transparency over their data. We have interaction them by common newsletters, safe POS terminals, and quickly, our new cellular app. By God’s grace, our cellular software will launch very quickly. It will enable prospects to make transfers, pay payments, and handle investments conveniently from their properties. To guarantee absolute safety, top-tier cloud engineers have secured each the front-end and back-end structure. Our prospects don’t have anything to fear about—we now have by no means recorded a single information breach throughout our POS networks or monetary providers. We additionally keep away from overspending on know-how simply because an costly possibility is fashionable. We deploy know-how that matches our price range, matches our system necessities, safeguards confidentiality, and builds buyer belief.
Prospera lately partnered with Shakara Square for a significant health occasion. Why did you select to collaborate with them?
You can’t execute every little thing alone in enterprise; you want sturdy companions and sponsors who carry distinctive strengths to the desk. If a companion has a wider attain or specialised experience, collaborating reveals strategic power. We partnered with Shakara Square as a result of they’ve an distinctive viewers outreach and share our core values: assembly individuals’s wants, encouraging wholesome dwelling, and constructing wellness consciousness. This platform permits individuals from numerous sectors to have interaction with our model and perceive what Prospera Finance Limited stands for. Shakara Square has constructed a long-standing status across the idea that well being is wealth. To assure monetary freedom for the general public, we should align with companions who share that precise philosophy. For us, this isn’t nearly model visibility; it’s about guaranteeing the longevity and affect of our core mission.
Is this partnership with Shakara Square a one-off marketing campaign, or do you propose to maintain it long-term?
It is undoubtedly a sustainable, long-term partnership. I’ve identified the Shakara Square group for fairly a while, and they’re a unbelievable pressure to work with. I love their enterprise ethics, how they deal with their prospects, how they serve the general public, and their top-notch, extremely skilled media technique.
If you need to construct world-class options, you have to collaborate with the easiest, and Shakara Square matches that function completely.
