Reviews present that girls make up 49% of Nigeria’s grownup inhabitants. Nonetheless, solely about 42% of them have entry to formal monetary providers. Furthermore, 42.7% of Nigerian girls are enterprise homeowners out of which solely an estimated 2% have entry to capital and loans to develop their companies. It’s also reported that round 7 million companies will probably be set-up by Nigerian girls within the 12 months 2021 with the potential to create 8.9 million jobs and unlock billions in income for the nation.
On Thursday March 07, 2019 at a powerful ceremony in Lagos, main Nigerian monetary establishment First Metropolis Monument Financial institution (FCMB) unveiled #SheVentures, its brand-new proposition to assist the expansion of companies owned or managed by girls. The occasion, which was a part of the Financial institution’s actions to rejoice this 12 months’s Worldwide Ladies’s Day with the theme “Stability for Higher” offered the appropriate alternative to spotlight how FCMB helps girls shut the gaps on the planet of enterprise.
If you’re a lady who runs a enterprise in Nigeria, listed below are 4 causes you must significantly think about FCMB’s #SheVentures proposition:
Mentorship– via a community of certified mentors rigorously chosen by FCMB, #SheVentures gives Nigerian enterprise girls entry to steering, motivation, emotional assist, and position modelling for a profitable profession.
Capability constructing and coaching – The Financial institution has additionally partnered with consultants in numerous fields of enterprise to offer key skilled providers at discounted charges to its girls in enterprise prospects. Not forgetting unique enterprise coaching occasions which FCMB both immediately organizes or in partnership with different main organizations.
Entry to loans at zero (sure, zero!) or aggressive rates of interest – via its flagship zero p.c mortgage product, FCMB gives short-term loans to feminine prospects who want fast entry to funds. On the #SheVentures launch occasion alone, about 40 feminine SMEs have been awarded loans of between N500,000 to N5,000,000 at zero p.c curiosity. As well as, there are different loans such because the FCMB BOI Gender Mortgage, which comes at 15% curiosity.
Supporting girls in enterprise is of strategic significance to FCMB – on the launch of #SheVentures, Mr. Adam Nuru, stated the Financial institution strongly believes within the energy of entrepreneurship. He added that the contribution of ladies to financial improvement can’t be understated, as over 30% of companies owned globally are both feminine owned or managed. On her half, FCMB’s Govt Director, Business Improvement, Mrs. Bukola Smith, stated ‘’the #SheVentures proposition is as a lot a press release of substance as it’s one among intent. We’re captivated with supporting girls in enterprise. The #SheVentures choices are tailor-made to supply sustainable advantages to women-owned SMEs and assist them to extend their productiveness and contributions within the areas of job and wealth creation, poverty discount, empowerment and the general improvement of Nigeria.”
So, now you understand – FCMB is offering the appropriate assist to assist the Nigerian enterprise lady thrive in all #SheVentures to do! For extra details about #SheVentures, please click on https://on.fcmb.com/SheVentures-10.
(P.S. – a number of footage from the launch of FCMB #SheVentures are proven beneath.)