Credicorp Empowers Union Members With Tricycles

The Nigerian Consumer Credit Corporation (CREDICORP) has partnered Sub-City Global Project and Letshego Microfinance Bank to distribute about 50 brand-new, locally assembled tricycles to members of the Tricycle Owners Association of Nigeria (TOAN).

The initiative, unveiled in Lagos yesterday, aligns with the Federal Government’s directive to widen credit access for everyday Nigerians through asset-backed consumer lending.

Operating under the mandate of the Federal Government, Credicorp’s mission is to unlock economic opportunities for everyday Nigerians through asset-backed consumer credit, with members receiving brand-new, locally assembled tricycles, fully financed through structured and repayment plans facilitated by Letshego Microfinance Bank.

This rollout falls under CREDICORP’s initiative of Securing Consumer Access for Local Enterprises, (SCALE), which connects qualified consumers with Nigeria’s manufacturing and credit infrastructure, ensuring that lending supports both productivity and long-term economic inclusion.

Speaking at the event, executive director, Operations at CREDICORP, Olanike Kolawole, described the launch of a new credit access initiative as a transformative step from promises to practical solutions. She told the gathering that the programme marks a bold commitment to delivering mobility, dignity, and economic inclusion to Nigerians, particularly men and women in critical need of financial empowerment.

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“What we’re doing here is simple, give hardworking men the tools they need to stand on their own feet. In a tough economy, asset-backed credit isn’t just a product, it’s a pathway. And this programme gives structure to hustle and turns effort into enterprise,” she said.

Kolawole offered a message of empowerment, saying, “to every individual powering their family and future with this support, know that access to credit, mobility, and opportunity is not a favour, it is your right. We are here to make it real, meaningful, and sustainable.”

One of the beneficiaries of the keke scheme, 22-year-old Hannah Omotuyi, who could not stop expressing her gratitude to God and to those who made this possible, said, “I’m short of words. I have been looking for this kind of opportunity all along. I am 22 years old with no support, but my mum depends on me to send her money.”