Summary

EaziCred is tackling financial exclusion in Nigeria by giving small businesses better access to credit without traditional collateral. Businesses struggle to get funding due to limited financial history, high loan default risks, and fraud concerns. EaziCred Data Bank Initiative uses alternative data to assess creditworthiness, ensuring businesses can secure funding based on their real financial activities rather than outdated requirements. By integrating fraud detection, flexible loan structures, & financial literacy programs, we provide business owners with the resources they need to grow. In just a few years, 500+ small businesses have accessed funding through EaziCred, with a 34% drop in default rates due to improved risk assessments.