Alert Microfinance Bank (Alert MfB) has joined forces with Nigeria Consumer Credit Corporation (CrediCorp) to broaden access to consumer credit across the country. The partnership combines CrediCorp’s funding capacity and national consumer credit framework with Alert MfB’s operational expertise, including its 10-branch network, disciplined risk management policies, and advanced core banking system.

At the center of this collaboration is the AlertXpress Credit Card, a Verve-branded, Interswitch-powered revolving credit facility. The product provides convenient and affordable access to credit, with real-time credit decisions and efficient repayment monitoring. Backed by CrediCorp’s institutional funding, the card is designed to be scalable and sustainable, helping to strengthen Nigeria’s consumer finance market.

“This partnership is about creating a sustainable credit delivery channel that supports the federal government’s vision of expanding consumer finance as a driver of economic growth,” the bank said. By leveraging CrediCorp’s wholesale funding, Alert MfB can increase its lending portfolio without overstretching its balance sheet while maintaining high asset quality, with a Portfolio at Risk (PAR 1-Day) well below the Central Bank of Nigeria benchmark.

Alert MfB’s current portfolio includes Business Boost Loans for MSMEs, Asset Finance for equipment acquisition, EduFinance for education needs, WASH Loans for water and sanitation projects, and Green Loans for environmentally sustainable initiatives. Through strategic collaborations such as Green Bucks and Aqua for All, the bank is financing solar energy systems and WASH projects, reinforcing its commitment to inclusive and impact-driven lending.

As of October 2025, Alert MfB’s total assets stood at N26.60 billion, with a Gross Loan Portfolio of N20.28 billion and year-to-date loan disbursements of N25.83 billion, reflecting efficient capital deployment and sustainable growth.

Looking ahead, the bank plans to expand its consumer and MSME lending portfolios, strengthen digital platforms, and grow beyond Lagos. The partnership with CrediCorp lays the foundation for broader initiatives aimed at unlocking consumer credit across Nigeria, combining social impact with sound financial performance.