Nigerian fintech Nomba and renewable energy asset financier Synafare have committed ₦2 billion ($1.4 million) to finance solar energy systems for about 300 small and medium-sized businesses over the next 24 months.
The programme will help businesses acquire solar panels, inverters and batteries as they seek alternatives to Nigeria’s unreliable electricity supply and high generator costs.
Nigeria has about 40 million micro, small and medium-sized enterprises (MSMEs), which contribute nearly half of the country’s GDP. However, more than 80% lack access to formal credit, limiting their ability to invest in infrastructure and expand their operations.
The financing programme combines Synafare’s renewable energy network with Nomba’s lending infrastructure. Synafare will identify, vet and pre-qualify businesses interested in adopting solar power.
Eligible businesses will then submit their applications and know-your-customer documentation to Nomba. The fintech will independently assess their creditworthiness and, if approved, disburse the loans directly to the merchants.
Loans will average about ₦50 million ($37,196) and can reach ₦100 million ($74,393), depending on the size and requirements of each business. Synafare will manage repayment collections, while Nomba provides the capital and conducts the credit assessment.
The companies expect access to more reliable power to help businesses operate for longer hours while reducing their dependence on generators and fuel.
“At Nomba, we’ve built our credit business on a simple principle: lend responsibly, and lend directly,” said Yinka Adewale, CEO of Nomba. He said the ₦2 billion commitment reflects confidence in Nigerian SMEs and the lending model developed with Synafare.
The new commitment builds on a partnership that began more than a year ago. Nomba and Synafare said they have already disbursed more than ₦500 million to 10 SMEs without recording a default.
Scaling the programme to hundreds of businesses will require the companies to maintain their existing underwriting and vetting standards while expanding their ability to identify suitable borrowers.
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo
- Adeoluwa Onaolapo










































