FCMB supports female entrepreneurs with loans

Women-owned businesses play a vital role in the Nigerian economy, accounting for over 40% of all businesses in the country. However, women entrepreneurs often face unique challenges, such as lack of access to finance and mentorship. In a move to empower women-owned businesses in Nigeria, First City Monument Bank (FCMB) has introduced the SheVentures Export Readiness Programme. This initiative aims to assist female entrepreneurs in expanding their horizons and reaching global markets. Through this program, women entrepreneurs will gain access to knowledge, targeted advisory services, and interest-free loans designed to facilitate their export trade logistics.

How women can benefit from the FCMB SheVentures Export Readiness Programme

The SheVentures Export Readiness Programme offers a number of benefits to women entrepreneurs, including:

• Access to knowledge and expertise: The programme covers a wide range of topics related to exporting, including market research, product development, and documentation. Participants will also have the opportunity to learn from experienced exporters.
• Financial support: The programme offers zero-interest loans to help women entrepreneurs fund their export trade logistics. This can be a major barrier to entry for many businesses, so this support is invaluable.
• Networking and mentorship: The programme provides opportunities for women entrepreneurs to network and receive mentorship from experienced exporters. This can help them to learn from the experiences of others and build valuable relationships.
• Increased sales and profits: Exporting can help women entrepreneurs to increase their sales and profits by reaching new markets and customers.
• Increased visibility and brand awareness: Exporting can help women entrepreneurs to increase the visibility and brand awareness of their businesses.
• Improved competitiveness: Exporting can also help women entrepreneurs to improve the competitiveness of their businesses by exposing them to new markets and ideas.
• Greater diversification: Exporting can help women entrepreneurs to diversify their businesses and reduce their risk by entering new markets.
• Job creation: Exporting can also help women entrepreneurs to create jobs and boost the Nigerian economy.

Overall, the SheVentures Export Readiness Programme is a valuable resource for women entrepreneurs who are looking to expand into global markets. It offers a combination of knowledge, expertise, financial support, and networking opportunities that can help businesses to succeed.

How to apply for the SheVentures Export Readiness Programme

To apply for the SheVentures Export Readiness Programme, women entrepreneurs can visit the FCMB website or contact their nearest FCMB branch. The application process is simple and straightforward.

Other FCMB loan products on nairaCompare

1. FCMB Quick Loan (Fast Cash)

The FCMB Quick Loan is a financial solution offered by First City Monument Bank (FCMB) to meet the immediate cash needs of its customers. This loan product is designed to provide quick access to funds, often with a streamlined application process.

FCMB understands that financial emergencies arise at any time, and the Fast Cash Quick Loan aims to address these situations. It offers competitive interest rates and flexible repayment options, making it a reliable choice for individuals seeking swift and hassle-free financial assistance.

Requirements

1. Signed post-dated cheques.
2. Two Individual external guarantors with proper means of identification such as BVN, four (4) passport photographs, Identity Cards and Letter of Intent to guarantee the loan.
3. BVN.
4. 3 months bank statement up till date.
5. Three (3) months stamped statement of account.
6. Two (2) recent passport photographs.
7. Valid ID – Driver’s ID, National ID or International passport.
8. 3 months' Pay Slips.
9. Utility bill (within the preceding 3 months).

2. FCMB Personal Loan (Cash-Backed Loan)

The FCMB Cash-Backed Loan is a versatile financial solution that allows customers to leverage their investments as collateral for a loan with competitive interest rates. This loan is accessible to both salaried and self-employed individuals who hold fixed deposits and other liquid investments with FCMB.

Requirements

1. Signed post-dated cheques.
2. Two Individual external guarantors with proper means of identification such as BVN, four (4) passport photographs, Identity Cards and Letter of Intent to guarantee the loan.
3. BVN.
4. Utility bill (within the preceding 3 months).
5. Three (3) months stamped statement of account.
6. Valid ID – Driver’s ID, National ID or International passport.

Before deciding to apply for any of the loans listed here, make sure to visit nairaCompare to compare loan options and select the one that suits your needs.