Managing Director and Chief Executive Officer of Prospera Finance Limited, Dr. Joshua Obinna Umesegha, is a seasoned monetary skilled dedicated to bridging Nigeria’s monetary literacy hole. Drawing from his in depth background as a monetary analyst, relationship supervisor, and credit score danger skilled, 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 comparable providers, what particular hole did you set out to fill?
What introduced us to this mission is the truth that many individuals lack monetary literacy, although 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 folks onto the best 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 purchasers’ monetary accountability, heighten their consciousness, and in the end elevate their general monetary well being. Health is wealth, not to sound cliché. We need most people to be absolutely conscious and deliberate in regards to the monetary choices 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 biggest achievement is incomes the belief of our clients. 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 deal with the bodily property we’ve acquired as a result of belief is the one key that unlocks every part else.
Given Nigeria’s financial volatility and naira fluctuations, many individuals are sceptical about investing. How do you persuade purchasers 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 taking part in by the books doesn’t imply we are able to’t formulate our personal modern options. We study from those that got here earlier than us on this business and fine-tune our strategy to keep absolutely compliant. When navigating market and foreign money volatility, calculated danger is our greatest technique. We ensure we totally perceive each enterprise earlier than coming into it, making certain 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 knowledge 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 info for comfort. Second, we’ve established sturdy inside instruments that safeguard knowledge privateness whereas giving clients full transparency over their info. We interact them by means of 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 clients to make transfers, pay payments, and handle investments conveniently from their houses. To guarantee absolute safety, top-tier cloud engineers have secured each the front-end and back-end structure. Our clients don’t have anything to fear about—we’ve by no means recorded a single knowledge breach throughout our POS networks or monetary providers. We additionally keep away from overspending on know-how simply because an costly choice is standard. We deploy know-how that matches our funds, matches our system necessities, safeguards confidentiality, and builds buyer belief.
Prospera just lately partnered with Shakara Square for a significant health occasion. Why did you select to collaborate with them?
You can’t execute every part alone in enterprise; you want robust companions and sponsors who convey distinctive strengths to the desk. If a associate 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 folks’s wants, encouraging wholesome residing, and constructing wellness consciousness. This platform permits folks from numerous sectors to interact with our model and perceive what Prospera Finance Limited stands for. Shakara Square has constructed a long-standing repute across the idea that well being is wealth. To assure monetary freedom for the general public, we should align with companions who share that actual philosophy. For us, this isn’t nearly model visibility; it’s about making certain the longevity and impression of our core mission.
Is this partnership with Shakara Square a one-off marketing campaign, or do you intend to maintain it long-term?
It is positively a sustainable, long-term partnership. I’ve identified the Shakara Square group for fairly a while, and they’re a improbable power to work with. I love their enterprise ethics, how they deal with their clients, how they serve the general public, and their top-notch, extremely skilled media technique.
If you need to construct world-class options, you need to collaborate with the perfect, and Shakara Square suits that function completely.
