Social Issue

Nigeria faces major structural challenges that disproportionately affect its most vulnerable populations. Although it is the largest economy in Africa, it has a low Human Development Index, according to the United Nations classification. Women entrepreneurs, in particular, face significant barriers to accessing credit, operating within the formal economy, and maintaining stable income in a context of high inflation, currency devaluation, and limited availability of inclusive financial services. In Lagos, one of the most populous cities on the continent, many women trade in informal markets without financial support or economic safety nets, limiting their growth opportunities.

Our Response

Netri has provided a loan to Addosser, a microfinance institution established in 2010 with exclusive operations in Lagos. Addosser offers tailored, productive microcredits, savings products, insurance, and training programs primarily aimed at women traders, who represent over 67% of its clients. Its successful business model has supported sustained portfolio growth while maintaining a high loan portfolio quality and achieving strong financial and social impact results over the years.

Expected Social Impact

Netri’s investment is estimated to enable Addosser to provide over 1,100 productive microloans, averaging $640, expanding credit access in urban and peri-urban areas where women face economic exclusion. This investment actively contributes to poverty reduction and economic development in Nigeria by reinforcing household income and empowering women.