# Cascador and Sterling announce $200m SME credit backstop

> The announced fund is intended to support up to \$1bn in credit capacity, subject to funding and lender decisions.

- **Source date:** 2026-10-14
- **Original source:** [Cascador (company press release)](https://cascador.org/cascador-and-sterling-bank-announce-200-million-sme-credit-backstop-fund/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-sterling-cascador-sme-credit-backstop-fund-20261014
- **Markdown:** https://voltformer.com/news/ng-sterling-cascador-sme-credit-backstop-fund-20261014.md

Cascador and Sterling Bank announced a \$200m SME Credit Backstop Fund intended to provide a defined credit-risk backstop to finance partners, with a model supporting up to \$1bn in outstanding credit capacity. It targets debt-ready Nigerian SMEs; initial local-currency loans equivalent to \$250,000 are envisaged, while loans up to \$1m depend on full funding and lender approval. Finance partners will independently assess, approve, disburse and service loans, and Cascador says the fund will use AI-powered underwriting. The announcement does not say the full reserve or \$1bn capacity has been funded or disbursed.

[Cascador (company press release)](https://cascador.org/cascador-and-sterling-bank-announce-200-million-sme-credit-backstop-fund/)

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