Deadline Approaching | How to Apply for CrediCorp Inventory Loan for Market Women Before Applications Close

The Nigerian Consumer Credit Corporation (CREDICORP), a Development Finance Institution (DFI) established by the Federal Government of Nigeria, has launched a national credit initiative targeting market women and micro-business owners operating within the informal sector.

Through a strategic partnership with Sytiamo Technologies, CREDICORP aims to improve credit access for eligible individuals across all 36 states and the Federal Capital Territory (FCT).

Programme Overview

• Loan Type: Inventory/Working Capital
• Target Group: Market women and informal business operators
• Interest Rate: 2% monthly
• Collateral Requirement: None
• Disbursement Period: Within 24–48 hours of approval
• Coverage: Nationwide

The credit is accessible without the need for collateral, and applications are processed through approved financial institutions.

Application Process

Step 1: Explore Credit Options
Review the credit categories available through participating financial institutions.

Step 2: Select a Financial Institution (PFI)
Choose a PFI from the CREDICORP-approved list based on your preference and business needs.

Step 3: Submit Loan Application
Apply directly via the selected institution’s digital or in-branch platform.

Step 4: Receive Disbursement
Once approved, the loan is disbursed to the applicant’s bank account or wallet.

Additional Notes

• This programme is open to individuals who meet the eligibility criteria as outlined on the CREDICORP platform.
• All disbursements and conditions are subject to verification and the terms of the participating financial institutions.
• Applicants are advised to read and understand the loan conditions before submitting an application.