SheVentures launches interest-free loans for female exporters

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First City Monument Bank (FCMB) has launched the SheVentures Export Readiness Programme, a new initiative to support women-owned businesses in Nigeria

looking to expand into global markets. The programme will give participants access to insightful knowledge, focused advisory, and zero-interest loans to fund their export trade logistics.

The SheVentures Export Readiness Program is open to all women-owned SMEs in Nigeria who are interested in reaching new markets and growing their businesses. The program will include a series of training modules on topics such as export market research, product development, and export documentation. Participants will also have the opportunity to receive one-on-one mentoring from experienced exporters.

A recent report by the National Bureau of Statistics revealed that over 41 million SMEs operate in Nigeria, of which women own 40%. Women’s businesses are expected to create 8.9 million jobs in the next five years, contributing significantly to the country’s economy. This indicates the significant role women can play in the growth and development of the Nigerian economy if provided with the proper funding, capacity building, networking, and other opportunities.

 

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