In Nigeria’s agricultural heartlands, where smallholder farmers often struggle to access the capital needed to thrive, Andray Finance Limited is sowing seeds of change with loans of up to N3 million.
Launched in 2024, this digital-first financial institution is revolutionising agricultural financing by offering funds tailored to the seasonal cycles that define farming life. By addressing the unique needs of smallholder farmers, Andray Finance is driving productivity, boosting food security, and empowering rural communities across Nigeria.
Bayowa Fredrick Borokini, founder and chairman, Andray Finance Limited, in a statement, emphasises the company’s commitment to dignity.
“We are not just lending money; we are investing in the future of Nigeria’s agriculture with clear, honest terms that farmers can rely on,” Borokini stated.
“Our goal is to empower farmers to grow their businesses and sustain their livelihoods. We understand the rhythms of agriculture, and our loans are built to support farmers when they need it most,” says Okoye Samantha, a key figure at Andray Finance.
Through its innovative mobile-first platform, farmers can apply for loans, track their applications, and manage repayments directly from their smartphones, making financial services accessible even in remote areas. These loans are designed with flexible repayment schedules that align with harvest seasons, ensuring farmers can invest in seeds, equipment, and labor without the burden of unrealistic repayment timelines. With interest rates as low as one percent and no hidden fees, Andray Finance prioritises transparency, building trust among farmers who have long been underserved by traditional banks.
Since its inception, Andray Finance has disbursed thousands of loans, with its agricultural financing program making a significant impact in rural communities. By enabling farmers to increase yields and improve operations, the company is contributing to Nigeria’s food security and economic resilience.
As the nation faces ongoing economic challenges, Andray Finance’s tailored approach offers a lifeline to smallholder farmers, proving that targeted financial support can transform lives and strengthen the agricultural backbone of the country.
