FCMB Deepens Empowerment of SMEs in Ogun State, as First Lady Commends Bank

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First City Monument
Bank (FCMB) has restated its dedication to the productiveness and profitability
of Small and Medium Scale Enterprises (SMEs) by means of funding, capability constructing,
advisory and different types of help that may enhance their total
contributions to financial improvement.

FCMB, which is rated
because the primary Bank for SMEs in Nigeria within the newest Banking Industry Customer Experience Survey report by KPMG, gave the
assurance at a free and complete capability constructing and empowerment
programme it organised for ladies entrepreneurs in Ogun State, in partnership
with the Office of the First Lady of the State, Mrs. Bamidele Abiodun, on
February 5, 2020.

The programme, themed,
“Supporting Women Businesses to Scale Up in 2020’’and below the
auspices of FCMB’s SME Advisory and SheVentures initiative for ladies
entrepreneurs, was attended by tons of of present and start-up entrepreneurs
throughout Ogun State, seasoned professionals from the Bank of Industry (BoI), National Agency for Food and Drug Administration and Control
(NAFDAC) and Federal Inland Revenue Service (FIRS), amongst others. It
centered on business and expertise improvement, advertising and marketing, finance, taxation, value
and income administration, business plan writing, along with different topical

Speaking on the
opening session, the Executive Director, Business Development of FCMB, Mrs.
Bukola Smith, stated the Bank recognises the rising function and influence of SMEs,
particularly women-owned ones. According to her, ‘’it’s a indisputable fact that in Nigeria,
a number of girls have risen by means of numerous challenges to develop into prime
entrepreneurs. Through resilience and innovation, they’ve taken the entrance
seat in driving progress on this sector and by extension the bigger financial system. However, we consider that girls can do higher within the SMEs ecosystem if
supplied with the requisite expertise and different assets.’’.

Mrs. Smith added that,
“because the primary Bank for SMEs in Nigeria, we’ve got constructed a
sturdy base on this phase by persistently providing numerous cutting-edge
options below our key pillars of help, that are, entry to capital,
capability constructing, advisory companies, networking alternative and know-how. We
are excited that these interventions have tremendously impacted people,
companies and the nation’s financial system, particularly by means of job and wealth

She expressed
gratitude to the Ogun State Government and the Office of the First Lady for
offering the enabling surroundings for companies to thrive, whereas urging the
members to reap the benefits of the alternatives offered by the coaching.

In her
keynote deal with, the First Lady of Ogun State, Mrs. Abiodun, stated, ‘’as a agency
believer in initiatives that target boosting the financial capability of girls
and providing each monetary and non-financial help to women-owned
enterprises, I contemplate this programme as a step in the suitable course. I used to be
excited once I was knowledgeable in regards to the FCMB SheVentures initiative. Financial
empowerment stays one of the crucial vital technique of eradicating poverty
amongst girls within the growing world, as seen in Bangladesh, Kenya and

She added
that, “we’ve got had quite a few empowerment programmes in Nigeria. Many had been pushed
by capability constructing programmes adopted by loans and grants to girls to
start-up companies.  However, research have proven that these initiatives,
whereas having some worth failed to achieve their full potential due to one
lacking ingredient, which is monetary training as a automobile to actualise the
full worth of any business enterprise. And right here immediately, FCMB by means of its
efforts to make sure that girls owned companies in Ogun state and Nigeria as a
complete are usually not neglected within the improvement of the nation’s financial system, has
delivered this very a lot wanted Financial Education to us on a primary
class degree amongst an array of economic options’’. 

FCMB supplies quite a few
choices to SMEs in Nigeria, together with FCMB SME Advisory Services by means of market intelligence, technical help help and entry to intervention funds in partnership with
Development Financial Institutions. There can be the FCMB SheVentures
initiative, which supplies enhanced help to women-owned SMEs
by means of entry to finance, coaching and mentoring with the
distinctive good thing about zero-interest price for an preliminary interval of three months. So
far, over 2000 girls entrepreneurs have benefitted from this. 

The Bank has additionally
automated and digitized its lending course of for SMEs by means of the FCMB Quickloans
platform. Since the launch of the platform in July 2019, over N10billion
unsecured loans have been disbursed to SME clients inside three to
twenty-four hours of every utility.

extra details about FCMB, please go to www.fcmb.com.

See footage from the occasion under:

The publish FCMB Deepens Empowerment of SMEs in Ogun State, as First Lady Commends Bank appeared first on SME Digest!.

Durodola Bolaji

A network marketer, entrepreneur and investor, I am happily married with kids. I reside in Ibadan and run a company in Northern side of Nigeria. I am currently earning passive income working from the comfort of my home using the Internet, email, and the telephone with an incredible sense of security and peace of mind. I've been earning a full-time income from home online since 2014, mostly within the network marketing and direct sales industry, and in recent years.

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