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CREDICORP Revolution: FG Unlocks Financial Access for 10,000 Market Women Nationwide
The Nigerian Consumer Credit Corporation (CREDICORP) has teamed up with Sytiamo Technologies Limited to roll out affordable credit support for 10,000 market women, covering 224 markets in 28 states, with the launch taking off at the bustling Ariaria Market in Aba, Abia State.....KINDLY READ THE FULL STORY HERE▶
This initiative seeks to broaden financial inclusion for informal sector workers, particularly women, who serve as vital contributors to local economies.
“Providing credit to women isn’t just a moral imperative—it’s a sound economic strategy,” stated Uzoma Nwagba, Managing Director of the Nigerian Consumer Credit Corporation (CREDICORP).
He noted that women consistently demonstrate stronger credit performance, with higher repayment rates than their male counterparts. “With 66.7% of our executive team and half of our management being women, this partnership reflects our core belief that empowering women fosters stronger, more resilient communities,” Nwagba added.
During the official launch held Thursday at Ariaria Market, Aba, over 1,000 women gathered, many of whom received consumer credit of up to ₦100,000 to support their businesses—at interest rates reduced by 50% compared to prevailing market rates. Speaking on behalf of CREDICORP, Aisha Abdulahi, Executive Director for Credit and Portfolio Management, said the programme allows market women to grow their micro-enterprises with affordable and accessible financing, without being crippled by high-interest burdens.
Michael Ogbaa, Managing Director of Sytiamo Technologies Limited, highlighted that the partnership with CREDICORP will ensure swift access to capital for women traders, helping them scale their businesses and enhance their economic well-being.
Chinyere Okoro, President of the Ariaria Textile Market Women’s Association, praised the initiative, describing it as a timely lifeline for women seeking to expand their ventures with low-cost funding.
The CREDICORP–Sytiamo collaboration is structured to enhance credit access, boost microenterprise growth, and economically empower women in Nigeria’s informal sector.
Eligible women are encouraged to apply via: www.credicorp.ng/sytiamo-apply.
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