Andray Finance redefines loan access for Nigeria’s underserved

In a country where access to credit has long been a barrier to economic mobility, Andray Finance Limited is rewriting the rules.

Founded in 2022 and headquartered at Cardinal Place, Victoria Island, Oniru, Lagos, the digital-first financial institution is rapidly emerging as a game-changer in Nigeria’s loan financing landscape, especially for individuals and small businesses historically excluded from traditional banking systems.

At the heart of Andray Finance’s operations is a bold mission, including democratising access to financial tools that empower everyday Nigerians.

From market women in Mushin to tech startups in Yaba, the company’s tailored loan products are designed to meet diverse needs with transparency, speed, and affordability.

“We believe everyone deserves access to financial support that aligns with their aspirations,” says Okoye Samantha, a leading voice at Andray Finance, adding, “Our goal is to be a catalyst for economic empowerment.”

Andray Finance’s mobile-first platform allows users to apply for loans, track their status, and manage repayments—all from their smartphones.

This approach has proven especially effective in reaching underserved populations, including rural farmers and informal traders.

Their offerings include PayDay Loans and Salary Advances with flexible repayment terms, Vocational and Educational Loans with interest rates as low as one per cent, Agricultural Financing tailored to seasonal cycles, supporting smallholder farmers with up to N3 million in funding, and SME and Asset Financing for entrepreneurs looking to scale their businesses.

Unlike many lenders in the market, Andray Finance prides itself on clear loan terms, no hidden fees, and repayment schedules that reflect the borrowers’ financial reality.

This customer-centric approach has earned the company a reputation for integrity and reliability.

“We’re not just offering loans; we’re offering dignity,” says Bayowa Fredrick Borokini, Founder and Chairman.

“Our clients know exactly what they’re signing up for, and they trust us to walk the journey with them.”

Since its inception, Andray Finance has disbursed thousands of loans across Nigeria, with a growing footprint in underserved regions.

Their agricultural loan program alone has helped boost productivity and food security in key farming communities.

As Nigeria continues to navigate economic challenges, Andray Finance stands out as a beacon of hope, leveraging technology, empathy, and innovation to build a more inclusive financial future.

Source: Guardian Nigeria | Read Full Story…