Imagine walking into the bank with big dreams of launching that Fashion business, only to receive a firm “No” on your loan request just because you’re a woman. It’s like your ambition gets stopped at the gate while your gender decides your fate. But it’s not just your gender -it’s the assumptions that come with it “She probably has kids and a lot of family responsibilities, which will make it hard for her to pay back”.
It’s also your looks- what you’re wearing (head to toe) and how you don’t look like someone who has that perfect collateral they’re looking for.
This isn’t just a one-off experience—it’s the everyday reality for so many women in Nigeria trying to get a loan to fuel their ambitions or even meet their urgent cashflow needs. Financial inclusion is still catching up, and the hurdles to getting a loan are higher than they should be.
Really, why should anyone’s gender decide whether they get a loan or not? Even worse, why should human beings be involved in the decision process? No, not with all the biases we humans have. And that’s where Sparkle comes in.
Understanding the unique obstacles women face with getting loans, Sparkle has created a loan product that prioritizes women? How? By offering 2% lower interest rate to women on their loans and in addition to that, making the loans collateral-free.
With Sparkle Loans, women can now access the financial support they need without the traditional hurdles, enabling them to invest in their futures and achieve their goals.
Sparkle Loan is SIMPLE (no need to go to a bank, apply from the comfort of your mobile device), TRANSPARENT (It’s your data that decides not humans), and INCLUSIVE (there’s a loan for everyone regardless of your income level).
Sparkle loan is available to everyone who banks actively with Sparkle, with loan amounts ranging from as little as N5,000 to as high as N1,000,000. Whether you’re looking to start a business, cover personal expenses, or pay for school fees, Sparkle Loan provides a quick and easy way to access the funds you need, when you need them.
Here’s what makes Sparkle Loans stand out:
Inclusive and Data-Driven Eligibility: Sparkle base their loan eligibility on your activity within the Sparkle app, such as your transactions history and bills payment trend. This means that they look at your financial behavior, not your gender or background, ensuring equal access for everyone.
Quick Approval and Disbursement: Your loan is approved in minutes and the money is credited to your account immediately– no waiting, no delays.
No Collateral or Guarantor Required: You get the money you need without the need for collateral or a guarantor.
About Sparkle
Sparkle is a digital bank focused on simplifying banking for individuals and businesses. With Sparkle, users can make payments, track and manage their finances, save, even with friends, and access loans—all in one app. Through their business support services, business owners can also register their business, open a business account, and access tools for managing their daily business operations like Payroll, Invoicing, Inventory Management and more.
Get started today by signing up to Sparkle and begin building your eligibility for a Sparkle loan. By actively transacting, Sparkle’s loan system can assess your financial behavior to help you secure a loan.
Click here to download the Sparkle app and start your journey today!
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