Following the approval for the takeoff of the first phase of the Consumer Credit Scheme as part of efforts to enhance social mobility among Nigerians, the Nigerian Consumer Credit Corporation (CREDICORP) opened a website to encourage Nigerians to register loans for important purchases.
The scheme aims to make consumer credit accessible and empower economically active citizens.
Here’s a step-by-step guide on how civil servants and other Nigerians who are economically active can apply to enjoy this opportunity:
Step 1: Understand the scheme
Before applying, understand what CREDICORP offers. The scheme is designed to:
– Improve Nigeria’s credit reporting systems, ensuring every economically active citizen has a reliable credit score.
– Provide credit guarantees and wholesale lending to financial institutions.
– Promote responsible consumer credit to improve quality of life and foster financial responsibility.
