New USD 5 million Oikocredit loan supports Nigerian entrepreneurs
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Oikocredit’s first partnership with Baobab Microfinance Bank will expand access to finance for Nigeria’s underserved MSMEs.

Baobab Microfinance Bank in Nigeria has secured a USD 5 million loan from Oikocredit, a global social impact investor. This collaboration is designed to extend responsible financial services to micro, small and medium enterprises (MSMEs) across Nigeria, helping to drive economic growth and financial inclusion.
Baobab Nigeria, part of the Baobab Group, is known for its focus on underserved communities and its adherence to the Smart Campaign Principles of fair and client-focused financial practices. The bank’s 200,000-plus clients benefit from its commitment to promoting social equity and sustainable economic opportunities.
Read the full press release here.
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