Alert Microfinance Bank (Alert MfB) has partnered with Nigeria Consumer Credit Corporation (CrediCorp) to deepen access to consumer credit across Nigeria.
In a statement, Alert MfB said that CrediCorp will be leveraging its funding capacity and national consumer credit framework, while Alert MfB brings its robust operational infrastructure, including a strong branch network, disciplined risk management policies, human capacity, and a proven core banking system.
“Together, we are creating a sustainable credit delivery channel that supports the federal government’s vision of expanding consumer finance as a driver of economic growth,” the statement said.
The report said that The AlertXpress Credit Card remains a revolving credit facility designed to provide Nigerians with convenient and affordable access to credit.
“It is a Verve-branded card powered by Interswitch, which ensures seamless switching and nationwide acceptance. The product is fully integrated into our core banking and risk management systems, allowing for real-time credit decisions and efficient repayment monitoring. What sets it apart is that it’s backed by institutional funding from CrediCorp, which makes it scalable and sustainable,” it said.
it further stated that financially, the partnership enhances our lending capacity without over-stretching our balance sheet.
“By accessing CrediCorp’s wholesale funding, we can increase our consumer credit portfolio at a lower cost of funds, improving our asset mix and return on equity. Operationally, it allows us to leverage our existing 10-branch network across Lagos, our digital banking channels, and our human capital to efficiently originate, manage, and recover credit. Our strong risk management framework ensures asset quality remains high, even as we scale,” it said.
On Alert MfB’s performance, the bank explained that as of October 2025, Alert Microfinance Bank’s total assets stood at N26.60 billion, while our Gross Loan Portfolio (GLP) reached N20.28 billion.
“Our Year-to-Date (YTD) loan disbursement is N25.83 billion, reflecting efficient capital deployment. With 10 branches strategically located across Lagos and a Portfolio at Risk (PAR 1-Day) well below 5%, significantly under the CBN benchmark, we continue to demonstrate sustainable growth and asset quality anchored on sound corporate governance,” it said.
On the benefit of the credit card, it said: “The impact will be multidimensional. Firstly, it will expand access to formal consumer credit for salaried workers and small business owners who currently rely on informal sources. Secondly, it will promote financial discipline through structured repayments and credit history building. Over time, initiatives like this will help deepen the credit market, strengthen financial inclusion, and boost GDP growth”.
It explained that the bank’s loan portfolio is well diversified, covering most sectors except those on our exclusion list.
“We currently offer the Business Boost Loan for MSMEs, Asset Finance for equipment acquisition, EduFinance for education-related needs, the WASH Loan for water, sanitation, and hygiene projects, and the Green Loan for environmentally sustainable initiatives. Through strategic partnerships such as Green Bucks, we finance solar energy systems to support Nigeria’s renewable energy transition, and through our collaboration with Aqua for All, we are deepening our impact in the WASH sector. These products underscore our commitment to inclusive, impact-driven, and responsible lending,” it added.
Continuing, it said: “Our medium-term focus is on scale, technology, and diversification. We plan to expand our consumer and MSME lending portfolios, strengthen our digital platforms, and increase our presence beyond Lagos. The partnership with CrediCorp is the foundation for broader collaborations aimed at unlocking consumer credit across Nigeria. Ultimately, our goal is to remain a leading microfinance institution that combines social impact with sound financial performance”.