Enterprising as they are, Nigerian businesswomen face so many challenges in their quest to grow successful businesses. That’s why FCMB is paying closer attention to the needs of women who own or run a business in Nigeria, providing the support they need to thrive.
We
are passionate about empowering female entrepreneurs, helping them
build their businesses and improving the overall success rate of
businesses owned or run by women.
What gaps does SheVentures by FCMB close for the Nigerian business woman?
Limited
access to finance– Women are less likely to be taken seriously by
investors, which in turn gives them limited access to formal funding.
Gender
discrimination, stereotyping and lack of respect –Women tend to face a
lot of discrimination and lack of respect when they venture into the
business world.
Dual
career/family pressures– Women face the same business pressures as
their male counterparts, yet they also have to balance all of that with
family responsibilities.
Lack
of financial knowledge– Inadequate access to formal education and
training is one of the key barrier to women’s advancement in the
business world. This has affected women in terms of acquiring financial
knowledge and business specific skills.
Network
support system– Most women hardly have the opportunity to meet and
network in business related environments, which puts them at a
disadvantage compared to their male counterparts.
SheVentures Propositions
FCMB BOI Gender Loan: This
loan has been pegged at 15% and cuts across all business sectors and
segments. It comes with up to one year moratorium, where applicable.
Some features of the BOI Gender Funds includes:
Interest rate of 13% per annum (all charges/fees inclusive)
Tenor of up to 4 years
Maximum loan amount of N100,000,000
Terms and conditions apply.
Zero Interest Loan: The
Zero Interest Loan is a designated flagship product that offers short
term loans at zero percent interest. This product answers the need of
business women who need quick access to funds.Some of the features of
the Zero Interest Loan includes:
Interest rate of 0% (all charges/fees inclusive)
Maximum tenor of 3 months. Payment cycle is flexible depending on customer cash flow and need
Facility Amount: ≤ 50% of average monthly turnover with minimum of N500,000 and maximum of N5,000,000
Target Market: women owned and run businesses
Mentorship
and Capacity Building – We have a network of qualified mentors to
assist our women by providing guidance, motivation, emotional support,
and role modelling for a successful career. We have also partnered with
consultants to help our female customers bring structure and
sustainability to their businesses at highly discounted rates. We engage
in capacity building by hosting training events and getting female
business customers get discounts to industry specific seminars.
Networking
Events – FCMB also sponsors various networking events where female
entrepreneurs can network, cross sell and open new business avenues.
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