AbegNa vs Carbon.
Ask, don’t borrow.
Digital bank and lender (formerly Paylater). AbegNa is not a lender: people give from ₦2,000 to ₦100,000 and nothing is paid back.
Side by side
Carbon
A loan
- What it isDigital bank and lender (formerly Paylater).
- RegulationLicensed as a microfinance bank by CBN.
- Loan length15 days to 12 months
- If you miss a paymentDirect debit from linked account. Reports to credit bureau.
- You pay backThe loan plus interest and fees
AbegNa
A gift
- What it isPeople give toward your request
- How much₦2,000 to ₦100,000 per request
- Cost0% commission and a flat ₦100 to withdraw
- SafetyBVN or NIN and a live selfie before any withdrawal. Money only to your own bank account
- You pay backNothing
Carbon details are from its public terms and change over time. Check the app before you borrow.
How AbegNa works
- 1
Ask
Say what you need, from ₦2,000 up to ₦100,000, in your own words.
- 2
Share
Your request becomes a card you can post on WhatsApp, Facebook and X.
- 3
Receive
People give what they can. 0% commission. A flat ₦100 to withdraw, straight to your own bank account.
Which one fits
Carbon may suit you if
- You have steady income and can repay on time
- The money is for something that pays itself back, like stock
AbegNa may suit you if
- The need is urgent: rent, medical bills, school fees, food
- You cannot take on a repayment right now
- You are happy to share your story with people
Carbon vs AbegNa questions
Is AbegNa a replacement for Carbon?
Not literally. Carbon is a lender; AbegNa is a peer-to-peer giving platform. A loan can suit you if you are sure you can repay with interest. AbegNa is for urgent needs like rent, school fees, medical bills or food, where people give and nothing is paid back.
Do I have to pay back money I receive on AbegNa?
No. It is a gift, not a loan. People give because they choose to. No interest, nothing to pay back. If nobody gives, you owe nothing.
What about Carbon's interest rate?
Interest and fees on Carbon depend on the amount, the loan length and your credit profile. Check the exact quote inside the Carbon app before you accept. AbegNa charges no interest because it is not a loan: 0% commission and a flat ₦100 to withdraw.
Is Carbon safe?
Licensed as a microfinance bank by CBN. If you miss a payment: Direct debit from linked account. Reports to credit bureau. Always check the app's own site before borrowing.
How much can I ask for on AbegNa?
Between ₦2,000 and ₦100,000 per request. Say what the money is for and add receipts if you have them.
Which is better for me, Carbon or AbegNa? (Pidgin)
If you sure say you fit pay back with interest, Carbon fit work. But if money tight and you no fit pay Carbon inside 30 days, make you no borrow, post for AbegNa. No interest, no pay back. If person help, e help. If nobody help, you no owe anybody. Simple.