Client: Monivest Credit Access & Financial Inclusion Program
Start: Pilot in Q3 2022 → Expanded in Q1 2023 → Upgraded in Q3 2025
Author: Monivest Lending, Risk, and Member Success Team
Place: 📍 Nationwide — From urban centers to remote cooperatives
Status: ✅ Built & Live

💡 Overview

The Monivest Credit Access Program is a digitally enabled, socially structured, and impact-aligned lending ecosystem — tailored for Nigeria’s working class, underserved communities, and diaspora-linked families.

We go beyond credit. We offer confidence — from petty traders restocking their shops, to farmers acquiring fertilizers, to Uber drivers financing their first cars. Backed by cooperative trust, technology, and risk-tiered scoring, Monivest empowers members with access, accountability, and advancement.

📂 Category

Microfinance | Auto Loans | Buy Now, Pay Later | Agri-Credit | Women & Youth Lending | Diaspora-Backed Loans

💳 1. Credit Products We Offer

🧍 Personal & Emergency Credit

• Microloans (₦10k – ₦300k): Fast disbursement for emergency or daily needs

• Salary-Linked Loans (₦50k – ₦800k): For verified employees with monthly income

🛒 Business & Trader Loans

• Inventory Loans: For POS agents, retailers, wholesalers, and side hustlers

• Agro-Seasonal Loans: Tailored to cassava, poultry, and catfish cycles

• Farmer Inputs: Feeds, day-old chicks, fingerlings, organic fertilizer

📦 Cooperative BNPL (Buy Now, Pay Later)

• Fund everyday needs — from solar kits to mobile devices

• BNPL Cycle: 30–90 days, with score-based limit expansion

• BNPL for Students: Books, WAEC/NECO fees, hostel rent, and course materials

🚗 Auto & Mobility Loans (NEW)

• Target Group: Uber/Bolt drivers, dispatch riders, mobile agents, SMEs

• Assets Financed:

  • Tokunbo vehicles (Uber-ready)

  • Keke Napep

  • Motorcycles (Logistics grade)

  • Delivery vans for agro and frozen food businesses

• Loan Range: ₦500,000 – ₦3.5M

• Tenor: 6–24 months

• Model: Deposit → Drive → Pay monthly

• Security: Vehicle as lien + cooperative peer guarantors

📊 2. Lending Performance Snapshot (as of Q3 2025)

• ₦171 million+ disbursed

• 4,700+ active borrowers across 28 states

• BNPL adoption: 1,800+ transactions in the last 6 months

• Auto Loans Portfolio:

  • 59 motorcycles

  • 11 tricycles

  • 9 cars under BNPL Auto Model

• Top Performing Zones: Ibadan, Benin, Lokoja, Idah, Port Harcourt

🧠 3. Intelligent Credit Layer

Monivest Score Engine™ uses:

• Wallet inflow/outflow activity

• Shareholding & AGM attendance

• Timeliness of past repayments

• Referrals and community standing

• Savings loyalty and rollover behavior

Plus:

• Tiered Trust Limit™: Your activity earns you increasing credit limits

• Score-Linked Interest Rates: The better your score, the cheaper your loan

• Smart Repayment Nudges: Automated reminders via SMS, email, and WhatsApp

🛠️ 4. Risk Management & Legal Protections

• Peer-guaranteed loans reduce default risk and promote accountability

• Auto loans tied to vehicle asset registry with insurance protection (coming Q1 2026)

• All transactions logged on wallet + cooperative record with legal standing

• Dispute resolution handled through Monivest member council + support center

🧾 5. Flexible Repayment Options

• Auto-debit from Monivest Wallet

• Bank Transfer or Manual Deposit

• Agent collections in remote/rural zones

• Dedicated repayment USSD (under development)

• Auto Loan Scheduler: Receipts issued monthly + grace periods enabled

📅 6. Roadmap (2025–2026)

🧑‍🌾 7. Real Impact on Lives

• A trader in Lokoja restocked three times with flexible BNPL loans

• A student in Ibadan paid NECO and hostel rent via Monivest Tuition Credit

• Agro groups in Edo accessed cassava-linked funding to buy improved stems

• A dispatcher in Delta acquired a logistics bike via our pilot auto loan

• Single mother in Abuja runs her hair business thanks to ₦80,000 inventory loan

💬 What Makes Us Different?

• We’re not a faceless fintech. We are a community of co-owners.

• Credit is based on trust, not just numbers. We believe in human-centered finance.

• Technology meets community. Every repayment is a vote of confidence.

🔐 Legal Note

Monivest is a registered multipurpose cooperative society under Nigerian law.
Credit facilities are issued under cooperative license, not as a bank or MFB.
All financial activities are audited quarterly, with compliance to data and risk laws.