Vehicle ownership has been out of reach for many Nigerians due to high costs and limited financing options. Today, CREDICORP, in collaboration with Autochek, initiated a nationwide rollout of its a second auto financing programme, delivering cars to a new wave beneficiaries at a Handover Event in Abuja. This marks a major step in expanding access to vehicle ownership. Owning a car is more than just a convenience—it’s a gateway to economic opportunity, independence, and higher quality of life.
Recall that CREDICORP has been providing highly discounted credit for brand-new locally-assembled vehicles of all types, through its Project S.C.A.L.E. (Securing Consumer Access for Local Enterprises) initiative. This will continue and remain highly discounted to support local industry. However, the reality is that most Nigerians can only afford to purchase used cars. Recognising this, CREDICORP has expanded its credit access to pre-owned cars through this partnership with…