By Nnasom David

Pennyshelters Africa, a financial solutions and housing company has disclosed how it is empowering Nigerians through financial solutions.

Launched on November 2, 2022, the organisation in a statement revealed that it is making significant strides in addressing the financial and housing challenges faced by Nigerians.

Founded by Gloria Michael, also known as the “CashFlow Queen,” the company operates across diverse sectors, including microfinancing, transportation, investment banking, real estate investing, agricultural investment, and mortgage banking.

Gloria, a chartered banker and member of the Research Institute of Investment and Credit Management, brings a wealth of experience to the company.

Holding a BSc degree in cooperative and rural development management and a diploma in microfinance, she understands firsthand the financial struggles many Nigerians face.

“Many Nigerians may not afford to own houses without support from an external body, especially those in disadvantaged positions,” Gloria observed. This realization fueled her commitment to provide not just housing solutions, but also vital financial education.

Pennyshelters Africa is dedicated to empowering Nigerians through financial literacy, teaching fundamental principles of saving, investing, and fund management.

The company believes that equipping individuals with these skills is crucial in reducing poverty nationwide. “Our goal is to empower individuals and help reduce the poverty rate across the nation,” Gloria emphasized.

In just a short time, Pennyshelters Africa has already made a tangible impact.

A key initiative is its cooperative society, which offers an affordable housing scheme. This program allows members to pay in installments towards owning various types of homes, making homeownership a more attainable dream for many.

The company’s multi-faceted approach, combining financial services with practical housing solutions, positions Pennyshelters Africa as a key player in Nigeria’s economic development.