Nigerian entrepreneurs build their businesses with digital loans

Toyin saw a need in her community for a general store. She decided to open a shop, in addition to her first gas business, to fill that gap. Because of the financial demands that come with being a multi-business owner, Toyin began to realize she could not cope financially.

For the past 15 years, Accion Microfinance Bank has been helping micro-entrepreneurs and low-income earners in Nigeria to better manage their finances. With the support of Accion, Accion Microfinance Bank developed a digital loan product that enables customers like Toyin to apply for and receive credit from the comfort of their own homes or businesses.

See the lessons we learned from digitally transforming financial providers in Nigeria and around the world.

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