FairMoney Launches FlexiCredit Premium for Nigerian Professionals

FairMoney, led by Agnes Ekebuik, has introduced FlexiCredit Premium, a credit line initiative in collaboration with the microfinance bank in Nigeria. The program provides eligible Nigerian professionals with access to credit up to N5 million, emphasizing simplicity, transparency, and user control.

Margaret Banasko, the head of marketing at FairMoney, highlighted the benefits of FlexiCredit, catering to modern Nigerian professionals who value speed, clarity, and control over their finances. To qualify, applicants must earn a minimum salary of N250,000 per month, maintain a good credit score, and complete level two Know Your Customer (KYC) requirements on the FairMoney app.

Once approved, customers can activate their credit line within 14 days, with the first withdrawal available within 60 days. FairMoney ensures adherence to risk management standards set by the Central Bank of Nigeria (CBN).