FairMoney Launches Asset Financing for Nigerian Entrepreneurs

FairMoney MFB has introduced a new asset financing solution to improve access to structured financing for mobility entrepreneurs and small businesses across Nigeria. The initiative aims to support transport and delivery merchants who require business vehicles, offering flexible repayment arrangements subject to credit assessment eligibility.

Henri Obiekea, Managing Director of FairMoney MFB, stated that this solution is part of the company's broader mission to promote financial inclusion and support income-generating entrepreneurs. The asset financing solution is designed to bridge the financial gap affecting micro, small, and medium-sized enterprises within the mobility ecosystem.

It utilizes a technology-driven onboard risk assessment process tailored to the operational realities of transport and logistics businesses. The program is currently open for eligible applicants through FairMoney's business platform, with partnerships established across major Nigerian cities.

This launch marks a significant expansion of FairMoney's product offerings beyond personal working capital loans to include commercial asset financing.