TrustFinance Unveils New SME Credit Initiative
In a bid to foster grassroots economic growth, TrustFinance has launched a specialized credit line tailored for micro and small enterprises operating in major markets.
TrustFinance Thrift and Credit Cooperative Society is proud to announce the launch of our new Micro, Small, and Medium Enterprises (MSME) Credit Initiative, designed to provide crucial capital to grassroots businesses across Nigeria.
The new credit facility offers loans ranging from ₦50,000 to ₦2,000,000 with highly competitive interest rates of 10% to 15%. What sets this initiative apart is the complete removal of traditional, burdensome collateral requirements. Instead, TrustFinance relies on cooperative guarantorship, active savings history, and localized business verification to approve credit.
Our focus is squarely on the real economy: the agro-allied merchants, local manufacturers, logistics operators, and market traders who keep the country moving. By providing fast access to inventory financing, we are ensuring that these businesses do not miss out on seasonal opportunities due to a lack of liquidity.
Members can apply for the SME Credit Initiative directly through our newly upgraded online portal or by speaking with their assigned cooperative relationship officer. The initiative is live effective immediately.