SheVentures Offers Zero-Interest Loans for Women Entrepreneurs

SheVentures has launched a new round of applications for women entrepreneurs seeking zero-interest loans, in collaboration with First City Monument Bank (FCMB). The loans are available in two categories: general loans ranging from ₦500,000 to ₦5 million and sector-specific loans from ₦5 million to ₦10 million.

The initiative is designed to support women-led enterprises, which are crucial for economic activity but often face structural barriers to accessing capital. Yemisi Edun, Managing Director and Chief Executive of FCMB, stated that the initiative reflects a deliberate approach to inclusivity and growth, providing financial support to help close the gap in access to capital.

The loans will have a repayment structure of four to six months, allowing businesses to align repayments with their cash flow cycles. Nnenna Jacob Ogogo, Group Head of SheVentures at FCMB, emphasized the removal of cost barriers and the provision of quick, flexible funding to enable business investment and growth amid challenging economic conditions.