FG offers credit for 10,000 women from 224 markets through CREDICORP

The Nigerian Consumer Credit Corporation (CREDICORP) has announced a partnership with Sytiamo Technologies Limited to provide affordable credit to 10,000 market women across 224 markets in 28 States of Nigeria, starting with Ariaria International Market, Aba, the commercial hub of Abia State.

This initiative is aimed at expanding financial access to informal sector workers, particularly women, who are key players in local economies.

“Supporting women with credit is not just a social good; it’s good business”, said Uzoma Nwagba, managing director of CREDICORP.

He observed that women have proven to be better custodians of credit, with higher repayment rates than men.

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“With 66.7% of our executive team and 50% of our management being women, this partnership aligns with our belief that empowering women leads to stronger, more sustainable communities”.

At the launch in Ariaria Market on Thursday, over 1,000 women gathered, with many receiving consumer credit for their inventory of up to ₦100,000, at an interest rate slashed by 50% from current market levels.

This programme, according to Nwagba, who was represented at the event by Aisha Abdulahi, executive director, Credit and Portfolio Management, CREDICORP, enables market women to support their micro-enterprises with accessible funding, free from the burden of high interest rates.

Michael Ogbaa, managing director of Sytiamo Technologies Limited, emphasised that its partnership with CREDICORP would enable market women to have quick access to the capital they need to scale their businesses and improve their livelihoods.

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Chinyere Okoro, president of, Ariaria Textile Market Women’s Association, said that the programme would give women traders a chance to grow their businesses with affordable funding.

CREDICORP’s collaboration with Sytiamo is designed to improve access to credit, support micro enterprises, and empower women in Nigeria’s informal economy.

Interested women can apply through www.credicorp.ng/sytiamo-apply.