Credicorp introduces digital device credit plan to boost access to working tools

Credicorp is launching a national digital device credit plan that will make smartphones, laptops, and other essential digital tools more affordable for working Nigerians.

To deliver this initiative at scale, Credicorp, according to a statement is working through one of its Participating Financial Institutions, E-Finance Company, with technology support from Credlock, whose intelligent device-collateral system allows for secure, responsible, and efficient access to credit. Together, E-Finance and Credlock will ensure that Nigerians can seamlessly apply for, finance, and collect the digital devices they need, without the heavy burden of upfront payments.

Reflecting on the launch, Credicorp’s Managing Director, Uzoma Nwagba, noted that this is a natural progression of Credicorp’s work. “From mobility to renewable energy, we have witnessed the profound impact that access to credit can have on people’s daily lives. Nigerians are ambitious and hardworking; they simply need fair pathways to acquire the tools that move them forward. Digital devices now sit at the center of learning, earning, and productivity, and expanding access to them is a critical step in building a more digitally ready nation.”

In the statement, Credlock’s CEO, Dayo Fabayo, emphasized the power of turning everyday devices into pathways for progress. “Every smartphone represents potential to learn, to work, to access opportunity, and to live with dignity. At Credlock, we believe the device in someone’s hand can be the bridge to their financial future. Working with CREDICORP and E-Finance allows us to scale that vision to millions of Nigerians.”

In a world where so much of life has moved online, digital devices have become central to opportunity. A smartphone can connect a young graduate to job portals and remote work; a laptop can help a civil servant stay more productive; a simple digital tool can enable a trader, artisan, or small business owner to reach new customers and run their operations efficiently. These devices are no longer luxury items; they are everyday instruments of progress.

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