In a continent where traditional banking can be slow and inaccessible to many, Carbon has emerged as a leading digital financial solution, revolutionizing the way Africans access loans and manage their money. Operating primarily in Nigeria, Ghana, and Kenya, Carbon is helping bridge the credit gap by offering fast, collateral-free loans through a fully digital process.

Loan amount range: From basic needs to business boosts. 

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Carbon caters to a wide range of financial needs. Whether it's a short-term emergency or a small business injection, the platform offers:

- Loan amounts starting from as low as $10 (or local equivalent)  

- Maximum amounts up to $1,000 or more, depending on country and credit history  

- In Ghana, loan limits typically range from GHS 100 to GHS 5,000  

- In Nigeria, users can access higher limits based on repayment behavior.

Repeat borrowers with a good history are rewarded with higher amounts and lower interest rates over time.

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Who can apply: Age and eligibility

To qualify for a Carbon loan, applicants must generally:

- Be between 18 to 60 years old  

- Possess a valid national ID  

- Have an active mobile money or bank account  

- Provide proof of income (e.g., salary slip, bank statement, business earnings)

Loan duration: Flexible repayment plans

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Carbon offers flexible repayment durations, making it easier for users to manage their finances. Depending on the country and the loan type:

- Repayment periods range from 15 days to 6 months  

- Customers can repay weekly or monthly  

- Early repayment often leads to discounts or loyalty rewards

The platform also allows users to track their repayment schedule via mobile or web, helping reduce the chances of default.

Target users: Employed, self-employed, and SME owners

Carbon is designed to serve a variety of people, including:

- Salaried workers: Teachers, nurses, civil servants, private-sector employees  

- Entrepreneurs and traders: Market women, artisans, online vendors  

- Small and Medium Enterprise (SME) owners, particularly in sectors like:

  - Retail  

  - Health services  

  - Food and beverage  

  - Agent banking and mobile money services

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Carbon reviews applicants’ cash flow and financial behavior to determine eligibility, not just formal employment.

Why Carbon stands out

- No collateral needed  

- Fully online application and approval  

- Transparent fees and interest rates  

- Improved loan terms over time for responsible users  

- Easy repayments via mobile wallets or bank transfers

Where Carbon operates

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Carbon is rapidly expanding across Africa but currently offers full services in the following countries. Kindly CLICK HERE to see full list of Eligible Countries. 

Other countries are in view as the company scales and adapts to local regulatory environments.

As Africa continues to embrace digital finance, Carbon is positioned at the forefront of this movement—bringing flexible, secure, and inclusive financial services to the people who need them most.