FairMoney Microfinance Bank has launched a new Asset Financing Solution aimed at helping transport operators, mobility entrepreneurs and delivery merchants across Nigeria gain easier access to vehicle financing for business operations.
The digital financial institution said the initiative was introduced to address one of the major challenges affecting Nigeria’s transportation and logistics sector — limited access to structured financing for transport assets despite rising demand within the industry.
According to FairMoney, the financing programme is targeted at eligible operators seeking business-use vehicles through repayment structures designed around the daily and weekly income cycles common among transport and logistics businesses.
The launch comes at a time when Nigeria’s transportation and logistics sector continues to experience strong activity, with industry growth estimated at between 9.87 and 10.1 percent in late 2025. The company said the increasing demand for mobility and logistics services has created opportunities for transport-focused SMEs and independent operators, but access to vehicle financing remains a major barrier to expansion.
FairMoney noted that the new financing solution uses a technology-driven onboarding and risk assessment process that allows applicants to undergo structured credit evaluation before approval. The company said the process was designed to support operational continuity while helping operators scale their businesses sustainably.
Managing Director of FairMoney Microfinance Bank, Henry Obiekea, said the initiative aligns with the company’s broader objective of promoting financial inclusion and supporting small businesses across Nigeria.
“Our mission has always been to increase financial inclusion and create income opportunities by supporting individuals and small business operators in growing their businesses. With this solution, we are focused on supporting small business operators and mobility entrepreneurs who contribute significantly to transportation and commercial activity,” Obiekea said.
He explained that the Asset Financing Solution represents an expansion of FairMoney’s lending operations beyond personal loans and working capital financing into commercial asset financing targeted at the mobility ecosystem.
According to him, the initiative could also help operators build verifiable credit histories through consistent repayment records, giving more transport entrepreneurs access to the formal financial system over time.
“The intra-state transportation sector in Nigeria is experiencing sustained demand and market activity, offering opportunities for mobility and transport operators,” Obiekea said.
“The Asset Financing Solution ensures that costs are spread into manageable instalments, thereby supporting small business operations and broader economic participation.”
The programme is currently open to eligible applicants through the FairMoney Business platform and selected partner hubs in major Nigerian cities.
FairMoney said the initiative forms part of its wider commitment to responsible lending, SME development and financial inclusion, while also strengthening its business banking services for merchants and SMEs through merchant lending solutions.
Established as a technology-enabled financial institution, FairMoney provides digital banking services, loans and financial solutions for individuals and businesses across Nigeria.
