Bank to sustain SMEs with empowerment scheme

“In an effort to boost the competitiveness of Nigerian SMEs, the bank established the Fidelity SME Radio Forum, a one-of-a-kind knowledge sharing radio and Instagram Live programme for SMEs.” She added that “deliberate low-interest credit facilities with flexible collateral requirements mean that the bank’s empowerment schemes are unrivalled, with at least four different categories of loan products – Cluster-Based Quick Loans, Commercial Support Overdraft, Loans for Specialized MSME Segments, and Development Finance Loan Products, made available to MSMEs, in its bid to ease the poor-access-to-finance burden confronting them.” To enable commenting and other interactive features, please switch to the more advanced.

The Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe, said the bank is at the top of the list of Nigerian banks that are friendly to SMEs, adding that her financial institution has been intentional about empowering the country’s youth, launching numerous initiatives to assist them in scaling their businesses.

She said: “One example of the bank’s effective initiatives in support of SMEs is its first step, which is to hold a webinar in January 2021, in response to the devastating effects of the COVID-19 pandemic on businesses..

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