Obtaining a business loan has historically been a difficult task for many Nigerian women, but last year, Moniepoint made this problem a little less prevalent.
Banks sometimes require collateral, extensive documentation, and credit histories, which many small company entrepreneurs do not have.
As a result, many women have used personal savings or loans from family and friends to keep their enterprises running.
This data was highlighted by a report from one of Africa’s most prominent fintechs, Moniepoint, which noted that effort from its part is helping flip the script.
Giving Nigerian women a genuine chance at business loans
