CreditRegistry has introduced an automated credit application platform called the Retail Credit Network (RCN). It is available to consumers, retailers and lenders in Nigeria. With RCN, the consumer is able to apply for credit while the lender is able to render a decision faster and more efficiently using information from CreditRegistry. It’s a win-win proposition: the consumer receives a quick answer to a credit application while the lender can accelerate decision turnaround times from days to hours and reduce processing costs at the same time.

For the retailer, our Retail Credit Network (RCN) service enables you to grow your business by empowering your customers to purchase with credit from our network of lenders. When your customers are able to enjoy the modern convenience of financing their purchases, customer satisfaction and loyalty grows dramatically.

Remember, too, that Retail Credit Network dramatically increases the buying power of your customers. That means increased sales for your business. And Retail Credit Network gives you the power to process countless new sales transactions at the click of a mouse.

More than just a powerful platform serving retailers and financial institutions, Retail Credit Network is a breakthrough in Nigerian commerce allowing retailers to extend the convenience of credit to their customers, while empowering financial institutions to reduce loan origination cost and wait times from weeks to less than a day.