FCMB gets $50m from AfDB, increases lending to high impact b

FCMB gets $50m from AfDB, increases lending to high impact businesses
FCMB gets $50m from AfDB, increases lending to high impact businesses
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Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long term funding from First City Monument Bank (FCMB), courtesy of a $50million credit facility from the African Development Bank (AfDB).
The $50million credit line will narrow the lending gap to underserved segments and complement FCMB’s lending efforts and operations in the Nigerian market. AfDB will disburse the funds to FCMB before the end of this year.

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