Welcome to Money Lenders Association in Nigeria

The Money Lenders Association is an association of Licensed Money Lenders regulated by the Moneylenders Laws of various states of the Federation. The function of our Association is to protect and promote the interests of its members and to give confidence to the regulators and all parties who transact business with them. The money lending business has been in existence before our independence and has evolved over the years to more structured and licensed organisations at the forefront of technology and providing loans and consumer finance to the teaming population, across different states of the federation. Our Licensed moneylenders are providing important services to individuals and small businesses with the easy and quick access to credit, sometimes within minutes to thousands of businesses and individuals, who may not have access to Loans from the Banks. Section 4 of the Moneylenders Law Chapter 7 Laws of Lagos State provides “that a person who lends money at interest or who lends a sum of money in consideration of a larger sum being repaid shall be presumed to be a money lender until contrary is proven”. The purport of this section of the Money lenders Law is that for a person to become a legitimate money lender immune from contrary proof otherwise, the individual/corporate body must obtain the Money Lenders Licence to practice money lending in Nigeria.

7

Years of Experience

764M+

Disbursed by Members

270+

Active Members

100%

Customers Satisfaction

JOIN US TODAY!

Joining the Association gives members the opportunity to stay informed of developments in the industry that affect their business, to collaborate with like-minded firms, and to participate in efforts to influence decision-makers to adopt policies that will improve and enhance the services provided by our Members, to the general public.

Our Purpose

  1. Share ideas and experiences to develop our money lending business.
  2. To network and develop professional relationships among members and all stakeholders.
  3. To work together as a group to project money lending as an important business of financing of individuals and businesses.
  4. To support one another to improve our various money lending business.
  5. To maintain close ties and cordial relationships with Government regulators.
  6. Money lending and other relevant authorities in the States and nationally.
  7. To keep members informed of developments in the industry.
  8. To advocate ethical practice in the money lending industry.