CREDICORP, a leading financial services provider, has announced the successful disbursement of loans to 20,000 soldiers as part of its tailored financial inclusion program. The initiative aims to support the welfare of military personnel by providing them with access to affordable credit facilities.
In a statement, CREDICORP’s CEO, Bola Adeyemi, emphasized the company’s commitment to empowering Nigeria’s armed forces through financial services designed to meet their unique needs.
“Our soldiers make immense sacrifices to protect the nation, and it is only right that we create opportunities to improve their financial well-being,” Adeyemi said. “This program is part of our broader mission to provide inclusive financial solutions to underserved sectors of society.”

The loan scheme offers soldiers flexible repayment terms, low interest rates, and quick access to funds for personal or professional use. The initiative was developed in collaboration with the military to ensure it addresses the specific challenges faced by service members, such as mobility and unpredictable deployment schedules.
Many beneficiaries have expressed gratitude for the program, noting that the loans have helped them meet urgent needs, such as housing, education, and medical expenses.
“I was able to secure a loan within days, and it made a huge difference for my family,” said Sgt. Musa Ibrahim, one of the beneficiaries. “It’s reassuring to know that companies like CREDICORP recognize our contributions and are willing to support us.”
The program also includes financial literacy workshops aimed at equipping soldiers with the knowledge to manage their finances effectively. These sessions cover topics such as budgeting, saving, and investment opportunities, ensuring that beneficiaries make the most of their loans.
CREDICORP’s initiative aligns with broader efforts to promote financial inclusion in Nigeria. By targeting the armed forces, the company is addressing a demographic that has often been overlooked by traditional financial institutions.
Industry analysts have lauded the program as a step in the right direction for corporate social responsibility. They note that providing financial support to soldiers not only improves their quality of life but also enhances overall morale within the armed forces.
Looking ahead, CREDICORP plans to expand the program to reach more military personnel while exploring similar initiatives for other underserved groups. The company reiterated its dedication to fostering financial empowerment across all sectors of society.
Through this initiative, CREDICORP has demonstrated the vital role private institutions can play in supporting national development and improving the lives of those who serve the country.
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