FG Opens Portal for ₦100,000 CREDICORP Loan to Market Women – Apply Now

The Federal Government of Nigeria has officially opened the application portal for its ₦100,000 loan scheme aimed at empowering market women through the Nigerian Consumer Credit Corporation (CREDICORP).

The initiative, which began in Ariaria Market, Aba, Abia State, will reach 10,000 market women across 224 local markets nationwide, providing them with affordable inventory loans to boost their businesses.

What the CREDICORP Loan Offers

This federal initiative is tailored specifically for market women and small-scale entrepreneurs in Nigeria’s informal sector. Key features of the loan include:

• ₦100,000 credit limit per beneficiary
• 50% interest rate reduction
• Flexible repayment plans
• Fast application and disbursement process

The loan is designed to remove financial barriers for women traders, allowing them to stock up on goods and expand their businesses without facing the strict lending conditions found in traditional banking systems.

How to Apply for the CREDICORP Loan

To apply, interested individuals must follow these steps:

1. Visit the official CREDICORP portal at www.credicorp.ng.
2. Fill out the interest form and choose a Participating Financial Institution (PFI).
3. Submit the application through the selected PFI’s website, app, or in person.
4. Wait for approval and disbursement, typically within 24 to 48 hours.

Participating Financial Institutions

Here are some of the PFIs involved in the loan programme and how to access them:

1. Credit Direct

• Application via *5120#, WhatsApp (+234 907 030 9430), or https://portal.creditdirect.ng

2. Accion Microfinance Bank

• Apply through any branch or the AccionMonie app; support line: +234 700 022 2466

3. Letshego Microfinance Bank

• Targeting teachers and traders; contact: +234 905 391 1450

4. Abbey Mortgage Bank

• Offers inventory, home, and school fee loans. Apply at shorturl.at/7bBkK

5. Fewchore Finance

• Fully digital application via www.fewchorefinance.com

6. Autochek (with VFD Microfinance Bank)

• Provides auto loans; apply via https://autochek.africa/ng

7. Fast Credit Finance

• Offers BNPL and personal loans via https://fastcredit-ng.com/loan/apply

8. Page Financials

• Apply via:
  • pagefinancials.com/ippis (Public workers)
  • pagefinancials.com/registration (Private sector)
  • pagefinancials.com/LASG (Lagos State)

9. Optimus Bank

• Download and use the mobile app via www.optimusbank.com/mobile-app

10. Wema Bank (ALAT)

• Apply through ALAT app or https://online.alat.ng

11. Ecobank Nigeria

• Email: consumerfinance@ecobank.com

By opening the CREDICORP loan portal, the Federal Government is delivering on its promise to support women-owned businesses and strengthen grassroots economic activity. This is a major step forward in boosting financial inclusion and empowering market women to thrive in Nigeria’s economy.