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A significant number of Nigerian women grew up without the mindset of making money and creating wealth. Because they are groomed to be good wives and supporters rather than breadwinners. Often, one would hear that money makes women wayward and they won’t find good husbands. They are also said to be bad with money, foolish spenders, and unable to invest or pay off debt. 

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African Women have been excluded from the financial space for far too long. And a significant number of them are not financially literate and have not accessed many available financial products. A good way to turn this around is by increasing women’s financial literacy. One of the many solutions  Hervest is providing. Not just in Nigeria but in other African countries.

Hervest is “ a women-centred fintech company” that serves underserved and excluded women in Africa. It was co-founded by Solape Akinpelu and Yomi Ogunleye in August 2020 to help African women make sound financial decisions.  Not only that, but it also aims to improve their lives through greater access to and use of financial services. Hervest offers underserved women access to savings, fund transfers, impact investment, financial insights and tools. It also offers rural female farmers credit to create wealth for themselves and to enable others to invest in their farms. The platform now has over 4,000 women registered on it.

In a nutshell, Hervest provides the following services to its members.

1. Investment 

This is an impact investment product that allows members to invest in small-scale farms owned by women.

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When you invest on the platform, you can earn up to 10 per cent annually. Thus, it’s an opportunity to earn without owning a farm.

2. Savings

This product allows you to create automatic savings plans toward your personal goals. These goals can be short-term or long-term. 

3. Funds transfers 

This product will allow you to transfer money seamlessly to a third party. It eases you from the stress of handling cash all the time.

4. Credit for small-holder female farmers

Hervest provides credit for small-scale female farmers in rural areas. Simply to create growth opportunities for specific crops, grain banking, livestock and the provision of digitized e-extension services. Once the farmers earn returns, they will give them back to investors who will be encouraged to invest more in their agricultural business. 

5. Financial insights

Last but not least. A financial illiterate can never learn how to build wealth no matter how much they are given.

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This Hervest is an opportunity for women to access resources and free workshops on personal finance, career insights, lifestyle and broad women-centred areas to support their holistic growth. 

What’s next for Hervest?

Nigeria is home to over 57 million working women. Hence, it first rolled out its platform in Nigeria. It plans to do in other West and East African countries in 2022. It has relied on referrals and partnerships with cooperatives and social media to spread the word. To this effect, it partners with USAID, Flutterwave, VFD microfinance bank and Utica Capital. The company has a live app on ios and Android and recently launched a desktop application. 

As a woman, signing up on Hervest is the best decision you can make. Because it will you connect with other smart-oriented women inspiring them to achieve targeted goals. You also get insights on how to manage your finance, and investments alongside other wonderful offerings. If You are tired of not being productive financially, this app is for you. Sign up by downloading the app from Google Play Store and the ios app store.

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This article was first published on 27th June 2022


I am an accomplished content creator and recently delved into technical writing. I enjoy using my skills to contribute to the exciting technological advances and create awareness of evolving technological trends in Nigeria.

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