Moniepoint Impact Report: $700m Loans Give First-Time Credit Access to Nigerian MSMEs, Support 8 Million Jobs
Moniepoint Inc. has released its inaugural Impact Report, revealing that it disbursed more than $700 million in loans to Nigerian micro, small and medium-sized enterprises (MSMEs) in 2025, with three out of every four beneficiaries receiving formal business credit for the first time.
Moniepoint Inc., Africa's all-in-one financial ecosystem platform, has published its first Impact Report titled "Creating Financial Happiness," highlighting how expanded access to credit, digital banking and business management tools is transforming businesses and livelihoods across Nigeria.
The report shows that the company now serves more than 20 million individuals and businesses, while processing over $250 billion in annual transaction value.
A key highlight of the report is the company's lending programme. According to Moniepoint, it disbursed over $700 million in loans to MSMEs in 2025, with 75 per cent of borrowers accessing formal business credit for the first time.
The company said its lending model relies on proprietary transaction data to assess business cash flow and creditworthiness instead of traditional collateral requirements, enabling more small businesses to obtain financing.
The report revealed that businesses that received Moniepoint loans recorded a 36 per cent increase in average transaction value, while enterprises banking with the platform supported more than eight million jobs during the year.
Moniepoint also reported significant progress in financing women-owned businesses. Although women own about one-third of Nigeria's MSMEs, they continue to face greater challenges in accessing formal credit.
According to the report, women borrowers recorded a default rate 2.5 times lower than their male counterparts. Based on this finding, Moniepoint increased lending to women-owned businesses by more than 300 per cent in 2025. Women accounted for 36 per cent of the company's loan portfolio, exceeding the industry average of between 15 and 25 per cent.
The report further showed that 62 per cent of surveyed female entrepreneurs received their first formal business loan through Moniepoint.
Beyond lending, the financial technology company said its digital payment infrastructure is expanding financial inclusion, particularly in underserved communities.
Through its USSD banking service, customers without smartphones or internet access carried out transactions worth more than $170 million in 2025. The company added that its Point-of-Sale (POS) terminals now operate across all 774 local government areas in Nigeria, enabling payment services for approximately 100 million people.
Customer surveys cited in the report indicated that 83 per cent of users reported improvements in their quality of life, while 85 per cent expressed greater confidence in achieving their financial goals.
Commenting on the report, Moniepoint Co-Founder and Group Chief Executive Officer, Tosin Eniolorunda, said the company remains committed to expanding financial inclusion across Africa.
He noted that the firm's mission is to ensure every African has access to financial services that improve lives and create opportunities for businesses to grow.
The report also highlighted Moniepoint's expansion beyond Nigeria through the acquisition of Sumac Microfinance Bank in Kenya, marking its entry into the East African market.
It also launched Moniebook, a platform that combines payments, bookkeeping and inventory management to help small businesses improve efficiency and growth.
In addition, the report outlined the company's investments in education, entrepreneurship, financial literacy and technology development through programmes such as Women in Tech and DreamDevs. It said these initiatives have reached tens of thousands of beneficiaries, while partnerships with government agencies helped facilitate subsidised food distribution to more than 800,000 people in northern Nigeria.
Moniepoint, which was named among TIME's 100 Most Influential Companies in 2025 and recognised by the Financial Times as one of Africa's fastest-growing companies, now employs more than 3,300 people across 10 countries. The company said its 2025 Impact Report provides a snapshot of its efforts to deepen financial inclusion and support economic growth across the continent.
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