SheVentures expands interest-free loan commitment to N15.1 for women

SheVentures, the women-banking inaugural of First City Monument Bank (FCMB), has expanded its excavation of interest-free loans for women-owned and women-led Small and Medium-Scale Enterprises (WSMEs) to N1 billion, up from N200 million.

Through SheVentures, women entrepreneurs successful divers sectors tin entree interest-free loans of up to N10 cardinal for 3 months with a one-month moratorium. Beneficiaries volition besides enactment successful concern absorption grooming and structured mentorship, providing fiscal and non-financial enactment for concern growth.

Speaking connected the expansion, Yemisi Edun, Managing Director of FCMB, said:”Women are astatine the forefront of endeavor successful Nigeria, shaping industries and creating jobs. They often deficiency affordable entree to concern and the structured enactment to grow. By expanding the SheVentures indebtedness excavation from N200 cardinal to N1 billion, we are scaling a exemplary that combines zero-interest concern with grooming and mentorship. This is however we determination from idiosyncratic occurrence stories to broader economical transformation. We are committed to gathering platforms that alteration women-owned businesses to thrive and fortify Nigeria’s maturation story.”

George Ogbonnaya, Divisional Head of SME Banking astatine FCMB, added: “SheVentures has shown that erstwhile women entrepreneurs are fixed the close tools, finance, skills, and networks, they physique resilient businesses. More than 300 women person already benefited, and their advancement confirms that targeted interventions work. With this N1 cardinal commitment, we are moving to the adjacent phase: widening entree and deepening impact.”

Also commenting, the Group Head, SheVentures, Nnenna Jacob-Ogogo, said:”Through SheVentures, women entrepreneurs successful divers sectors tin entree interest-free loans of up to N5 cardinal for 4 months with a 1-month moratorium, and up to N10 cardinal for 6 months with a one-month moratorium. Beneficiaries volition besides enactment successful concern absorption grooming and structured mentorship, providing fiscal and non-financial enactment for concern growth.”

The station SheVentures expands interest-free indebtedness committedness to N15.1 for women appeared archetypal connected Vanguard News.