How to Apply for CREDICORP ₦100,000 Inventory Loan for Market Women in Nigeria – 2025 Official Guide

The Federal Government of Nigeria, through the Nigerian Consumer Credit Corporation (CREDICORP) and in partnership with Sytiamo Technologies, has introduced a structured inventory financing programme designed for market women across 224 markets nationwide.

The pilot phase commenced in Ariaria Market, Aba, Abia State. The initiative targets 10,000 beneficiaries and provides up to ₦100,000 per applicant under simplified, technology-driven access models.

Loan Summary

• Loan Amount: ₦100,000
• Beneficiaries: Market women across Nigeria
• Interest Rate: Reduced by 50%
• Collateral Requirement: None
• Disbursement Speed: 15–48 hours
• Repayment Options: Up to 24–48 months (depending on lender)

How the Programme Works

1. Select a Participating Financial Institution (PFI)
   Choose from the list of approved lenders below.
2. Initiate Application
   Use USSD, mobile app, web portal, or visit a branch.
3. Provide Required Details
   Includes name, business information, BVN, and contact details.
4. Loan Assessment and Approval
   Most PFIs process applications in under 48 hours.
5. Disbursement
   Funds are paid directly to the applicant’s bank account or wallet.

List of Participating Institutions and Application Links

1. Credit Direct

• Loan Type: BNPL and Personal Loan
• Target Group: Civil servants
• Application Methods:
  • USSD: *5120#
  • WhatsApp: +234 907 030 9430
  • Portal: https://portal.creditdirect.ng

2. Accion Microfinance Bank

• Coverage: General public
• Application Options:
  • Visit any Accion branch
  • Call +234 700 022 2466
  • Use AccionMonie mobile app

3. Letshego Microfinance Bank

• Target Group: Teachers, traders
• Contact: +234 905 391 1450
• Application: Walk-in to nearest Letshego branch

4. Abbey Mortgage Bank

• Loan Use: Business, school, energy, household
• Apply via: http://www.shorturl.at/7bBkK
• Support Line: 02012271695

5. Fewchore Finance Company Ltd

• Loan Type: Renewable energy and personal loans
• Application:
  • Website: https://www.fewchorefinance.com
  • App: Android and iOS

6. Autochek (with VFD Microfinance Bank)

• Purpose: Vehicle financing (used/new)
• Tenure: 6–36 months
• Apply via: https://autochek.africa/ng
• App: Available on Android and iOS

7. Fast Credit Finance Company

• Loan Type: BNPL, Personal, Renewable Energy
• Application:
  • Web: https://fastcredit-ng.com/loan/apply
  • Contact: https://fastcredit-ng.com/contact
  • App: Google Play

8. Page Financials

• Loan Tenure: Up to 24 months
• Application Portals:
  • Public: https://pagefinancials.com/ippis/
  • Private: https://pagefinancials.com/registration/
  • Lagos State: https://pagefinancials.com/LASG/

9. Optimus Bank

• Loan Type: Personal and Renewable Energy
• Apply via App: https://www.optimusbank.com/mobile-app
• Branches: Victoria Island, Yaba, Lagos

10. Wema Bank (ALAT)

• Loan Tenure: 12 months
• Application Platforms:
  • Web: https://online.alat.ng
  • ALAT App: Google Play and iOS

11. Ecobank Nigeria Ltd

• Loan Type: Personal, BNPL
• Application Email: consumerfinance@ecobank.com
• Tenure: Up to 48 months

Eligibility Criteria

• Must be a market woman or micro-scale trader
• Must be 18 years or older
• Must have a registered mobile phone number
• Must possess a valid Bank Verification Number (BVN)
• Must be active in any of the 224 supported markets

Summary

This federal loan scheme under CREDICORP simplifies access to credit for market women in Nigeria. With reduced interest, no collateral, and fast approval timelines, it aligns with Nigeria’s broader strategy for financial inclusion and SME development by 2030.