“Project S.C.A.L.E. (Securing Consumer Access for Local Enterprises) is a CREDICORP initiative to grow Nigeria’s local industries by channeling consumer credit to purchase of goods and services of local vendors and manufacturers,” the statement reads.
In a statement on Monday, CrediCorp said the initiative seeks to channel consumer credit to the purchase of goods and services of local vendors and manufacturers.
“S.C.A.L.E. is a bold step toward supporting Nigerian enterprises by accelerating demand, which in turn grows local industries and creates jobs,” CrediCorp said.“This program connects credit-backed consumers with credible local manufacturers and vendors across critical sectors. CREDICORP, via S.C.A.L.E, seeks to drive 1 million credit-backed consumers to local vendors and manufacturers.”
“Home Improvement : S.C.A.L.E. enables households to upgrade their living standards by heavily incentivizing consumer credit for locally-manufactured furniture, building materials, and appliances,” the statement reads.“Mobility : S.C.A.L.E. promotes accessible transportation by facilitating access to compressed natural gas and electric vehicles . This will enable cheaper and cleaner transportation, and stimulate growth and value addition in Nigeria’s automotive sector.
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