FCMB Introduces SheVentures Interest-free loan for women to Facility SMEs

With a clear understanding of Nigeria market and environment, First City Monument Bank (FCMB) has introduced SheVentures an anchored supporting women with vision for women-owned Small and Medium Scale Enterprises (SMEs).

The SheVentures, is an intensified support to small and medium scale enterprises (SMEs) by providing interest-free loans of up to N5 million to entrepreneurs. with a unique feature of zero-interest rate for a period of three months.

This programme provides beneficiaries the knowledge, guidance, motivation, emotional support and role modelling needed to grow successful businesses.

The initiative will provide enhanced support to existing and upcoming women-owned SMEs through access to finance, training and mentoring to boost their business in a sustainable manner.

The value-added initiative comes with several cutting-edge features and benefits for women-owned SMEs.

1. One of such is the zero-interest rate for an initial period of three months.
2. FCMB will organise free training and mentoring programmes for 80 women entrepreneurs every quarter, out of which 40 of them will access this loan.

This means that by the end of the year, the Financial institution would have mentored 320 women and 160 of them would receive the Bank’s support.

The primary objective of FCMB  SheVentures is to encourage many women to venture into business, this in an exciting and highly rewarding manner for customers in line with the bank new core values of Execution, Professionalism, Innovation and Customer-focus’’.

The Bank recognizes and appreciates the noble effort of women entrepreneurs in the areas of job and wealth creation, poverty reduction, empowerment and the overall development of Nigeria.

According to report, women make up 49.2% of Nigeria’s adult population. However, only 42.6% of them have access to formal financial services. Moreover, 42.7% of Nigerian women are business owners out of which only 2% have access to capital and loans to grow their businesses.

It is also reported that an estimated 7 million businesses will be set-up by Nigerian women in the year 2021 with the potential to create 8.9 million jobs and unlocking N19.7 billion in terms of revenue for the country.

Reports have it that an estimated 7 million businesses will be set-up by Nigerian women between 2021 and 2022 with the potential to create 8.9 million jobs and unlocking billions of revenue and other opportunities for the country.

However, FCMB is well positioned to continue to create value by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of its customers.

How to apply for  FCMB SheVentures Mentorship Programme.

To apply copy this link to your browser :https://www.fcmb.com/sheventures-mentorship/

2. Then click on Click here if you are interested in the FCMB SheVentures Mentorship Programme.

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