BAS Finance has announced that it has disbursed more than ₦20 billion in loans to small and medium-sized businesses across Nigeria within a year, marking a major step in efforts to improve access to finance.
The company, part of the BAS Group, said the milestone highlights its growing role in supporting entrepreneurs who often struggle to secure funding from traditional banks.
According to the firm, the funds have reached thousands of micro, small, and medium enterprises across the country, helping them expand operations, manage cash flow, and invest in growth. The pace of lending also places BAS Finance among the fastest-growing fintech lenders in Nigeria.
Adnan Kayode said the achievement reflects the company’s belief that small businesses are key to Nigeria’s economic development. He explained that the firm focuses on providing quick access to affordable working capital, especially for businesses involved in trade and other key sectors.
To support its lending activities, BAS Finance has also raised ₦2 billion through its first private note issuance. This is part of a larger ₦10 billion funding programme designed to attract institutional investors and strengthen the company’s financial base.
The company said this approach allows it to diversify its funding sources and build a more stable system for long-term growth, while maintaining careful risk management.
The ₦20 billion in loans has been distributed across several important sectors. These include retail and fast-moving consumer goods, agriculture, real estate, financial services, manufacturing, logistics, and cross-border trade. Many of these sectors play a central role in Nigeria’s economy and job creation.
BAS Finance said its digital platform has been key to reaching more businesses. By using data analysis and mobile technology, the company has reduced the time it takes to process loans from several weeks to just a few days.
Victor Kareem said the company combines speed with careful lending decisions to ensure sustainable growth. He noted that the platform helps the company reach underserved businesses while maintaining strong credit standards.
Chidera Muoka added that the goal is to build a financial system where more Nigerians can access funding, regardless of their background or connections.
The announcement comes at a time when many small businesses in Nigeria face economic challenges and limited access to credit. BAS Finance said it aims to continue expanding its services to support entrepreneurs and drive wider financial inclusion.
