Amid inflation, the high cost of food; Altmall offers installment payment for buying Ram before Eid

The e-commerce platform owned by Sterling Alternative Finance, the interest-free arm of Sterling Bank Plc. revealed that it was offering customers a way to buy Rams for Eid, as part of its Eid “Buy Now, Pay Later” ethical fundraising program.

This comes in a bid to relieve the Muslim devotees from rising commodity and food prices coupled with dwindling incomes of individuals, thus affecting their survival. With this, Altmall provides convenience and ease to Muslims across the country this season.

According to Olayinka Akinlemibola, Altmall Product Manager, this particular motivation is the result of the pressing need to provide solutions to the economic problems of Nigerians in the run-up to Eid al-Kabir.

In his address, he said “Eid is an important time for every Muslim devotee, it comes with many exciting preparations including buying and sacrificing a ram as a major part of the celebration. With the rising cost of commodities, we are offering an exciting opportunity for Muslims to purchase their Rams from our platform, while spreading their payment plan over a period of 6 months or even paying outright, based on their disposable income.

He further revealed that “Rams costs are even cheaper than current market prices as Rams range from NGN 12,800 per month for small sizes to NGN 37,000 per month for extra large Rams. We have segmented these costs to adapt them to the different budgets of our Muslim brothers and sisters.

Speaking on the campaign objectives, Jokotola Oni-Olusola, Marketing Manager Altmall said that “As an ethical brand, we understand the blessings of participating in this sacred ritual, especially in the sacrificial offering of Ram. It is simply our way of urging worshipers to participate in these blessings despite the difficult economic climate. We are ensuring that as many Muslim worshipers who wish to join in the Eid festivities can do so, regardless of any financial constraints during the period”

It has been revealed that shoppers can avail this campaign on Altmall’s official website,, which runs from June 27 to July 10, 2022 to enable easy and convenient shopping.

About Altmall

The Alternative Mall (Altmall) is an e-commerce platform developed by Sterling Alternative Finance (SAF) to provide customers with an exceptional shopping experience and flexible payment options.

At The Alternative Mall, customers can shop using web and mobile devices; choose a preferred option for getting their items (pickup or delivery) as well as payment options: Pay by Card and Pay Later by Sterling Alternative Finance.

Facebook – The Alternative Mall

Alternative finance in sterling:

Sterling Alternative Finance is the interest-free arm of Sterling Bank PLC that offers customers the option of banking and transacting at 0% interest. Sterling Alternative Finance offers various product offerings and solutions such as Altmall, Altdrive, Altpower, Altinvest among other diverse and innovative solutions.

About Matthew R. Dailey

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