In 2014, Citihoms Finance Company embarked on a transformation—from a mortgage-company to a diversified finance house. This strategic shift allowed the company to provide solutions that align with Nigeria’s evolving economy, supporting businesses, professionals, and sustainable initiatives.
Before 2014, Citihoms was primarily associated with housing finance. Its acquisition by DLM Capital Group and the reclassification of its license by the Central Bank of Nigeria (CBN) enabled the company to expand its mandate, delivering agile, flexible, and impactful financial solutions across Nigeria. Citihoms is also recognized as a licensed member of the Finance Houses Association of Nigeria (FHAN), Citihoms.
The pivot was driven by a need to serve underserved segments and offer products that address evolving market needs. By leveraging CBN guidelines for finance houses, Citihoms broadened its reach to SMEs, salaried professionals, and corporate clients, providing solutions tailored to Nigeria’s dynamic economic landscape.
Citihoms now offers a wide range of financial products designed to meet diverse needs:
- Term Loans: Flexible consumer and personal financing options.
- Public Sector Loans: Customized loans for government institutions and initiatives.
- Clean Energy Loans: Financing for households and businesses adopting renewable energy solutions.
- Working Capital Loans: Helping SMEs grow and manage operations sustainably.
- Loan Syndication & LPO Financing: Facilitating large-scale projects and supplier payments.
- Asset Acquisition & Fund Management: Supporting clients to grow and manage funds efficiently.
These solutions provide businesses and individuals with financing that aligns with their operational cycles and financial goals, rather than constraining them with rigid loan structures.
Driving Financial Inclusion and Economic Impact
Citihoms’ transformation has broader implications for Nigeria’s financial sector:
- Supporting SMEs: Corporate loans and invoice discounting improve access to working capital and operational stability.
- Empowering Individuals: Term and personal loans reduce dependence on mortgage-only products.
- Promoting Sustainability: Clean Energy Loans support the adoption of solar energy, linking finance to environmental impact.
- Strengthening Non-Bank Finance: Citihoms demonstrates how finance houses can diversify to meet modern market demands.
Through these initiatives, Citihoms contributes to financial inclusion, credit diversification, and sector growth, moving well beyond housing finance.
Citihoms continues to expand its scope of service by introducing to the market financing options that provide solutions to problems.
Nigerians need financing to solve and deliver meaningful economic solutions.
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