FairMoney Microfinance Bank has publicly disclosed its significant financial performance for the year 2025, revealing that it disbursed more than N150 billion in loans to customers across Nigeria. In addition, the bank paid over N7 billion as interest on customer savings during the same period, according to reports from PUNCH.
Expanding Access to Credit and Savings
The digital-focused microfinance bank emphasized that these figures highlight its growing role in expanding access to credit and savings products, particularly for individuals and small businesses that are often underserved by traditional banking institutions. FairMoney leverages advanced technology to process credit applications efficiently and effectively.
Technology-Driven Lending Approach
According to an official statement, FairMoney relies on sophisticated technology, including artificial intelligence and machine learning, to analyze a wide range of financial and alternative data. This data includes smartphone usage patterns and information provided directly by customers, enabling the bank to generate unique credit scores and offer fast, collateral-free loans that go beyond conventional banking requirements.
Leadership Insights on Performance
Henry Obiekea, the Managing Director of FairMoney Microfinance Bank, commented on the development, stating that the institution's performance extends beyond mere financial numbers. He highlighted its contribution to Nigeria's broader financial ecosystem, noting that the record loan disbursements and savings payouts reflect a commitment to supporting individuals and businesses with the capital they need to grow and thrive.
Obiekea further explained that the bank's savings products are specifically designed to deliver competitive, inflation-beating returns, providing added value to customers in a challenging economic environment.
Alignment with Regulatory Vision
FairMoney also noted that its operations in 2025 were in alignment with the Central Bank of Nigeria's Payment Systems Vision 2025. This initiative aims to promote a more inclusive, stable, and cashless financial system across the country, supporting broader economic goals.
Future Priorities and Expansion
Looking ahead to 2026, Obiekea stated that the bank will continue to prioritize financial inclusion and customer-focused services as it works to support economic growth and resilience. Originally launched as a digital lending platform, FairMoney has since expanded into a fully licensed microfinance bank, now offering a wider range of services including savings and current accounts, fixed deposits, debit cards, and point-of-sale solutions for businesses.
Introduction of New Credit Product
Earlier reports indicated that FairMoney introduced a new credit product called FlexiCredit, designed specifically for Nigerian professionals. This product allows eligible individuals to access up to N5 million in personal credit, simplifying the borrowing process for working professionals who often face delays in traditional lending systems.
Approved customers receive a personalised credit limit, which they can draw from directly through the FairMoney mobile app. Interest is charged at a rate of 0.25% per day, applied only to the amount used, with no charges incurred when the credit line remains idle.
Regulatory Compliance in the Lending Sector
In related news, Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) has issued a deadline of January 5, 2026, for all digital lenders and intermediaries to fully comply with new consumer lending regulations. This move signals a decisive push by the federal government to restore order in a sector that has long faced criticism for issues such as harassment, privacy breaches, and predatory lending practices.
Once the deadline passes, the FCCPC has stated that it will launch enforcement actions against defaulters. Penalties may include operational restrictions, suspension of services, and possible prosecution under the law, with every lending platform, service partner, and intermediary required to comply without exception.
