FCMB to disburse AfDB Back $50million credit facility loan to Entrepreneur, Agribusiness & others – By the end of this year (2021), qualified women entrepreneurs in Nigeria will enjoy $50 million credit Loan facility from the First City Monument Bank (FCMB) courtesy African Development Bank (AfDB).
AfDB specifically choose FCMB among others across the continent because of its track record in designing soft loan products that empower women, and local enterprises involved in agribusiness, healthcare, renewable energy, and manufacturing.
For instance, FCMB’s products in agribusiness have empowered small businesses that have grown bigger.
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The disbursement of the long-term financing will focus on underserved segments and complement the bank’s lending and programme in the Nigerian market.
About 30 percent of the FCMB AfDB Loan/fund will go specifically to women empowered businesses, which would, in turn, contribute to stimulating gender equality and empowerment.
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The technical assistance grants of $200,000 through Affirmative Finance Action for Women in Africa (AFAWA) will support training, monitoring, and reporting by FCMB.
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How to get your FCMB AfDB Back $50million credit Loan Facility 2021
We are pleased to support FCMB’s strategy to become a dominant player in addressing the funding needs of women-empowered and local enterprises.
This project will extend valuable resources to critical but underserved segments during the ongoing COVID-19 pandemic, with its adverse macroeconomic impact.
We will inform you immediately the link for the fcmb afdb loan begins.
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