MSME Revitalization Project
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.
Status: Active
Country
Nigeria
Period
2022 – 2027
Industries
Agriculture
Impact to Date
14k+
Over 14,000 young Nigerians (90% female) have been supported with subsidised loans for their Micro, Small, and Medium Agricultural enterprises, and 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.
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.