CSR

FirstBank joins SMEs Finance Forum to expand access to finance.

FIRSTBank of Nigeria Limited has joined the SME Finance Forum, which comprises financing experts from over 80 countries.

“Forty percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome FirstBank to our network of 200 members who are working to eliminate the finance gap for SMEs,” CEO, SME Forum, Matthew Gamser said.

Read:  Zenith Bank rewards MasterCard users with free gifts and massive discounts at merchant locations

FirstBank has been nimble at promoting a digital economy in Africa and has issued over 10 million cards. The institution’s financial inclusion and cashless transaction drive have resulted in over 228 million users on its USSD banking service through the nationally acclaimed *894# banking service and over 4.1 million users on Firstmobile platform, its digital banking application.

Read:  LASACO gives N1bn free insurance to health workers

Since the last nine months of the COVID-19 impact, FirstBank has organised six virtual SMEs’ webinars aimed at getting business owners informed and educated on various ways to withstand the economic shocks caused by the pandemic.

In addition, in April, this year, FirstBank offered a 90-day moratorium on SME loans and introduced special waivers on repayment fees on the Bank’s credit cards as part of the palliative measures it employed to reduce the effect of the Covid-19 pandemic in Nigeria. Recently, in September, FirstBank partnered with the Lagos State Employment Trust Fund (LSETF) in a 6 Billion naira matching fund scheme.

Related posts

BeatingCorona from RED launches COVID-19 web map with the top 1,000 data points on Nigeria’s efforts

NigGal

GOtv Boxing Night 19: Boxers in War Mood

NigGal

Ingressive for Good to train 1 million tech talents in Africa and place 5000 of them in the workforce.

NigGal

Union Bank, JAN Partner To Empower Girls

NigGal

Multilateral Development Banks’ (MDBs) climate finance rose to $66 billion in 2020, joint report shows.

NigGal

MTN to boost digital education

NigGal

Leave a Comment