Education Should Transform Communities, Not Just Produce Degree Holders – Professor Ramoni Adeogun

Fintech company says women-led businesses recorded stronger loan repayment performance compared with their male counterparts.

Female entrepreneurs have recorded lower loan default rates than male entrepreneurs, according to Moniepoint.

The fintech company said the data highlights the stronger repayment performance of women in Nigeria's small and medium-sized business sector.

The finding comes amid growing attention to the role of female entrepreneurs in Nigeria's economy, particularly in areas such as retail, trade, services and other small-business activities.

Lower default rates among women could also strengthen the case for greater access to financing for female-owned businesses, as lenders increasingly rely on repayment data when assessing credit risk.

Moniepoint's observation underscores the importance of using data-driven approaches to expand financial inclusion and ensure that viable businesses can access credit regardless of gender.

The company has continued to provide financial services and business tools to entrepreneurs and small businesses across Nigeria.