How to Apply for CREDICORP’s ₦100,000 Inventory Loan for Market Women

The Federal Government of Nigeria, through the Nigerian Consumer Credit Corporation (CREDICORP), in collaboration with Sytiamo Technologies, has launched an innovative inventory financing scheme aimed at empowering market women across the country. The programme is set to benefit over 10,000 women traders in 224 markets nationwide, beginning with Ariaria Market in Aba, Abia State.

This initiative is part of a broader economic inclusion strategy aimed at supporting women entrepreneurs—key drivers of Nigeria’s informal economy—by offering them access to business credit of up to ₦100,000.

Key Features of the Loan

• Loan Amount: Up to ₦100,000 per beneficiary
• Interest Rate: 50% subsidized
• Target Group: Market women and small-scale entrepreneurs
• Purpose: Inventory financing and business expansion
• Repayment: Flexible terms with low-interest conditions

Why This Matters

The programme is not just a credit facility—it is a strategic move to boost financial inclusion, promote entrepreneurship, and empower women in commerce. By reducing barriers to accessing funds, CREDICORP is helping small businesses scale sustainably, improve stock levels, and participate more actively in the local economy.

How to Apply for the CREDICORP Inventory Loan

To get started, follow these steps:

1. Explore Credit Options: Visit the CREDICORP portal at www.credicorp.ng to browse available financial products.
2. Select a Participating Financial Institution (PFI): Choose a lending partner that best fits your needs.
3. Apply for the Loan: Complete the interest form and proceed with the application via the selected PFI’s platform.
4. Get Disbursed: Upon approval, funds are credited directly to your account, often within 15 to 48 hours.

List of Participating Financial Institutions (PFIs) and Application Methods

1. Credit Direct
Offers Buy Now Pay Later (BNPL) and personal loans for civil servants.

• Apply via USSD: *5120#
• WhatsApp: +234 90
• Online: portal.creditdirect.ng
• Processing Time: ~15 minutes

2. Accion Microfinance Bank (MFB)
Supports market women and micro-entrepreneurs.

• Visit any branch or call +234 700 022 2466
• Mobile app: AccionMonie

3. Letshego Microfinance Bank
Focused on loans for teachers and renewable energy.

• Call: +234 905 391 1450
• Walk-in applications welcome

4. Abbey Mortgage Bank
Offers loans for home improvement, school fees, and solar energy.

• Apply: shorturl.at/7bBkK
• Call: 02012271695

5. Fewchore Finance Company
Fully digital loan process for renewable energy and personal use.

• Website: fewchorefinance.com
• App available on Play Store and App Store

6. Autochek (in partnership with VFD MFB)
Provides vehicle loans for business logistics.

• Tenure: 6–36 months for used cars, 4–6 months for new
• Apply via: autochek.africa/ng or mobile app

7. Fast Credit Finance Company
Offers BNPL, personal, and energy loans.

• Website: fastcredit-ng.com
• Support: fastcredit-ng.com/contact

8. Page Financials
Provides loans for public/private sector employees and Lagos State workers.

• Apply via:
  • pagefinancials.com/ippis/
  • pagefinancials.com/registration/
  • pagefinancials.com/LASG/

9. Optimus Bank
Offers personal and energy-related loans.

• Apply through the Optimus mobile app: optimusbank.com/mobile-app
• Branches available in Lagos

10. Wema Bank (ALAT)
Quick disbursal personal loans with a 12-month tenure.

• Apply via ALAT app or online.alat.ng

11. Ecobank Nigeria Ltd
Offers personal and asset financing loans with a long tenure of up to 48 months.

• Email: consumerfinance@ecobank.com
• Asset financing involves vendor credit checks before disbursement

Conclusion

The CREDICORP inventory loan programme is a powerful step toward inclusive financial empowerment for Nigeria’s female entrepreneurs. With a wide array of participating institutions, simplified application processes, and flexible terms, market women now have the tools to boost their businesses, improve livelihoods, and contribute more actively to the economy.