Brands

FirstBank to offer loans to its 86,300 Firstmonie agents.

FirstBank of Nigeria Lim-ited has announced the provision of loans of up to N1 million to its agents.

This is in furtherance of the need to promote the business  of the Firstmonie agents.

The bank has over 86,300 Firstmonie Agents, spread across the country’s 772 local government areas.

With its location in every neighbourhood, Firstmonie agents have been integral to filling the financial exclusion gap, providing convenient banking services that are easily accessible, thereby saving time and travel costs for individuals in the suburbs and remote environments that have no access to financial services.

Read:  Sterling Bank’s The Pitch Offers Entrepreneurs N10m Seed Capital

The bank’s financial inclusion activities is in line with the mandate of the Central Bank of Nigeria (CBN) to ensure the availability of affordable financial products and services to individuals and groups of people in the country; irrespective of location, literacy levels, familiarity with technology and accessibility to modern infrastructural facilities. The Firstmonie Agent channel is among the bank’s many initiatives to expand financial access in the country.

Appreciating the Firstmonie Agents, Group Executive, e-Business & Retail Products, First Bank, Chuma Ezirim,  said: “The roles played by our Firstmonie Agents in promoting businesses across the nooks and crannies of the country cannot be overemphasized as they have continued to set the pace in extending financial inclusion to communities with little or no access to financial services.

Read:  Sterling Bank Partners Firm on Drone Delivery Service.

“With our Firstmonie Agents in every neighbourhood, several communities have witnessed a surge in business and financial activities, which is contributory to national growth and development. We commend our Agents and are delighted to support them with credit facilities, which they can access 24 hours a day in less than two minutes.”

Related posts

Hero MotoCorp’s road show heralds Hunter motorcycle entry in Nigeria.

NigGal

Access Bank is employing a multifaceted approach to environmental sustainability

NigGal

Infinix launches infinix Zero X and Zero X Pro today with TY Bello, George Okoro, and Alex Ekubo in attendance.

NigGal

Dangote, MTN emerge 2019 most valuable brands in Nigeria.

NigGal

Chivita Relaunches “Juice up this Season with Chivita” Campaign

NigGal

Cadbury reports N946 million profit after tax for 2022

NigGal

Leave a Comment