MSME Revitalization Project
Status
active
Period
2022 – 2027
In Partnership With
First City Monument Bank (FCMB) is a full-service banking institution headquartered in Lagos, Nigeria, which provides market-proven solutions that drive digital transformation in banking. FCMB Group Plc is a bank-led financial services group with operating companies divided into three business groups: Commercial and Retail Banking, Investment Banking, and Asset and wealth Management. FCMB is the group's flagship and a wholly owned primary banking entity.
Target Impact
The program aims to provide subsidised loans to 100,000 Nigerian youths, 90% of them female, for much-needed agricultural business support and interventions. It also aims to enable 70,000 young Nigerians (90% female) to be placed in fulfilling and dignified work.
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14k+
Over 14,000 young Nigerians have been supported with subsidised loans for their Micro, Small, and Medium Agricultural enterprises.
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90%
Females have been supported with subsidised loans for their Micro, Small, and Medium Agricultural enterprises.
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12,000+
More than 12,000 have been enabled to earn and retain dignified and fulfilling work.
Partnership Focus
The intervention aims to provide youth and women MSMEs, entrepreneurs, and other players across multiple sectors with much-needed access to affordable loans (at a single-digit interest rate of 9% p.a.) and upskilling opportunities.