Amaka
Fashion entrepreneur, Lagos
Used structured credit to purchase additional production equipment.
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A CREDICORP programme for Nigerian women
Borrow ₦50,000 to ₦2,000,000 at 15% a year, with no collateral and no guarantor. Every repayment is reported to a licensed credit bureau, so paying on time builds a credit record in your name.
All you need to start is your BVN or NIN.
What it costs
One rate for everyone: 15% a year. No processing fees hidden in the small print. Your monthly repayment is capped at a third of your income, so the loan stays affordable.
₦300,000
And repay over
You pay each month
₦53,750
Illustrative. Your final offer depends on the participating bank’s affordability check.
Who it’s for
Pick the one that sounds like you. The eligibility questions change to match.
Not sure? Start the eligibility check and we’ll help you choose.
Why HERCRED
Millions of Nigerian women earn every month, run shops and businesses, and support families. Most formal lenders still ask for a credit history, collateral or a guarantor. Many women have none of the three.
Banks often ask for property or a guarantor before they lend. HERCRED asks for neither. Your income and identity are what count.
Your identity is checked against NIBSS or NIMC records. This is also how the programme confirms it reaches women only.
Each on-time repayment goes to a licensed credit bureau. Repay in full and you can borrow again, with limits that can rise over time.
Phase 1 targets
How it works
CREDICORP funds the programme. A participating bank checks your application, issues the loan and collects repayments.
Use BVN or NIN to securely verify identity and eligibility.
A few honest questions about how you feel about credit. Your answers never affect your eligibility.
Share your income or business cash flow so the bank can check what you can afford to repay.
Eligibility and credit assessment are completed through an approved participating financial institution.
See the amount, interest, tenor and repayment obligation clearly before accepting.
Repay on time. Each payment is reported to a credit bureau and builds your formal credit history.
Her stories
Fashion entrepreneur, Lagos
Used structured credit to purchase additional production equipment.
Trader, Kano
Built her first formal credit history through HERCRED.
Marketing professional, Abuja
Used responsible credit for professional development.
HERCRED Credit Index
A short survey inside the eligibility check. There are no right or wrong answers, and it never changes whether you qualify.
Questions you’ll see
For employers and associations
Employers, cooperatives, market associations and professional bodies can upload one list and onboard many women at once.
FAQ
Want to know where you stand first?
Economically active Nigerian women aged 18–60 — salaried, self-employed, entrepreneurs, traders and other eligible women — whose identity and gender are verified through BVN or NIN.