The 2018 State of the Market Report for Nigeria’s Digital Financial Services states that 51.5% of the Nigerian population are financially excluded. These are mainly petty traders, small scale enterprise owners, farmers and artisans who live in rural and urban areas. Most often, they indulge in daily contributions also known as Esusu where a collector collects certain amount of money from customers and at the end of a month, the collector takes a fraction of the money for the services rendered. Both the esusu collectors and their customers are regularly posed with the problems of traditional and manual savings scheme.

• High Risk of Handling Cash resulting in robberies, fraud & other cash related Crimes.
• High level of Traditional and Manual Saving Scheme.
• Too Much Paper work leading to Loss of Data due & Errors.
• Financial loss in the case of fire & flooding incidents.
• Inaccessibility to Digital Financial Services & Low Access to Credit
• Low Financial Literacy
• Distrust of Financial Services
• Operational inefficiency leading to wastage of time & efforts.

Electronic Esusu is a unified finance management solution designed to simplify and automate the process of thrift savings, collection and microcredit. The solution explores the use of Digital Payment Technology and Global System Mobile Device to manage and enhance transactions of the esusu scheme. The system also provides members and management of esusu schemes with instant information on any transaction made and it guarantees security of data and information.