Moniepoint Advocates Cash-Flow Lending as Credit Access Grows

Moniepoint has endorsed the growth of cash-flow-based lending following the Enhancing Financial Innovation and Access (EFInA) Access to Financial Services in Nigeria (A2F) 2026 Survey, which reveals a notable increase in formal credit access to 10%, nearly double the figure from 2023. The survey, conducted in collaboration with the National Bureau of Statistics, involved over 18,600 interviews across all 36 states and the Federal Capital Territory between April and June 2026.

It shows that formal financial inclusion in Nigeria has reached 73%, equating to approximately 87.2 million adults. Moniepoint's lending model focuses on assessing borrowers based on their business cash flow rather than traditional collateral, aiming to extend credit access to underserved entrepreneurs, especially women in trade and agriculture.

The survey also reported an increase in formal financial inclusion among women business owners from 67.5% to 76.3% and among women farmers from 42.7% to 53.6%. Moniepoint advocates for cash-flow-based underwriting to further enhance these gains and support the National Financial Inclusion Strategy's goal of 40% formal credit penetration.