In a major step toward advancing financial inclusion and women’s empowerment, the Federal Government of Nigeria, through the Nigerian Consumer Credit Corporation (CREDICORP), in partnership with Sytiamo Technologies, has launched an Inventory Finance Programme targeting 10,000 market women across 224 markets nationwide.
The programme officially kicked off at Ariaria Market in Aba, Abia State, with the goal of empowering women traders with access to affordable credit of up to ₦100,000.
Affordable Credit with Impact
This initiative is aimed at strengthening Nigeria’s informal economy by providing low-interest credit to women engaged in trade and small-scale business. Beneficiaries will enjoy a 50% reduction in interest rates, enabling them to expand their businesses under more flexible and sustainable repayment conditions.
According to CREDICORP, the inventory loan is not just a financial product but a transformational tool to enhance agricultural trade, household livelihood, and community development.
How to Apply for the CREDICORP Inventory Loan
To apply, interested applicants should begin by submitting the CREDICORP interest form on the official website: www.credicorp.ng.
Once registered, applicants can select from a list of Participating Financial Institutions (PFIs) based on their location and business needs. Loan applications are submitted through the chosen institution and, upon approval, disbursement is made directly.
Participating Financial Institutions and Application Channels
Below is a breakdown of available financial partners and how applicants can access the facility:
- Credit Direct Ltd: Offers BNPL and personal loans. Apply via *5120#, WhatsApp (+234 907 030 9430), or portal.creditdirect.ng.
- Accion Microfinance Bank: Accepts applications through branches, customer care (+234 700 022 2466), or the AccionMonie App.
- Letshego Microfinance Bank: Tailored loans for teachers and market women. Call +234 905 391 1450 or visit any branch.
- Abbey Mortgage Bank: Offers loans for energy, education, and home needs. Apply at shorturl.at/7bBkK or call 02012271695.
- Fewchore Finance Ltd: Digital loan access via mobile app or www.fewchorefinance.com.
- Autochek & VFD Microfinance Bank: Vehicle financing through the Autochek app or autochek.africa/ng.
- Fast Credit Finance Company: Apply at fastcredit-ng.com/loan/apply or download the Fast Credit app.
- Page Financials: Offers sector-specific portals:
- Public Sector: pagefinancials.com/ippis
- Private Sector: pagefinancials.com/registration
- Lagos State Staff: pagefinancials.com/LASG
- Optimus Bank: Loans with a 48-hour turnaround. Apply via optimusbank.com/mobile-app or visit branches.
- Wema Bank (ALAT): Apply via ALAT app or online.alat.ng. Loans disbursed in 24 hours.
- Ecobank Nigeria: For personal loans and asset finance. Apply by emailing consumerfinance@ecobank.com.
A Vision for Inclusive Prosperity
This programme is part of a broader federal strategy to use consumer credit as a catalyst for social and economic empowerment, particularly among underserved communities. With its focus on women traders, CREDICORP’s initiative positions credit as a tool not just for business, but for lasting social impact.
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