First City Monument Bank says over 2,000 Small and Medium Scale Enterprises have benefitted from its empowerment initiative for women-owned businesses, known as SheVentures since it was launched in March 2019.

A statement from the bank said the benefits of the initiative cuts across mentoring, capacity building and zero interest loans, ranging from N500,000 to N5m.

It stated that the FCMB SheVentures, with a feature of zero-interest rate for a period of three months, was anchored on supporting women with vision.

The bank said women must possess confidence, independence and courage to fulfil their aspirations.

“SheVentures is designed to engage, inspire and equip potential and existing women entrepreneurs to take bold steps that would enable them become much more competitive, productive and profitable thereby contributing significantly to national development,” it stated.

While speaking at an event in Lagos to celebrate the one-year anniversary of FCMB SheVentures, the Group Chief Executive, FCMB Group Plc, Mr Ladi Balogun, described the initiative as a game changer in the quest of the lender to upscale the performance of SMEs.

Balogun stated, “We are a focused bank with big ambitions. Many of the big companies we know today that FCMB has had the privilege of supporting in one way or the other started off as small companies with big aspirations and many of them have gone on to become household names in oil and gas, technology, food and beverage as well as other sectors.

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