N5m, N10m Zero-interest Loans: SheVentures Opens Applications for Women Entrepreneurs

First City Monument Bank (FCMB) has opened a caller circular of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 cardinal to women entrepreneurs to easiness entree to moving superior and enactment concern growth.

The installation provides loans ranging from ₦500,000 to ₦5 cardinal nether a wide category, and ₦5 cardinal to ₦10 cardinal for sector-specific businesses, with backing capped astatine up to 50% of an applicant’s mean monthly turnover.

At the centre of the offering is simply a 0% involvement rate, with each charges embedded successful a transparent structure.

Repayment is structured implicit 4 oregon six months, allowing businesses to lucifer obligations with their currency travel cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the inaugural reflects a deliberate attack to inclusive growth.

“Inclusive maturation requires entree to superior and the close conditions for businesses to deploy that superior effectively.

Women-led enterprises are captious to economical activity, yet they look structural barriers.

This involution aims to assistance adjacent that spread by providing financing that supports occupation creation, concern expansion, and semipermanent sustainability for women entrepreneurs.”

“Access to affordable concern remains a large constraint for women ent...