EDC and Fast Credit Launch Single-Digit Financing for MSMEs in Lagos

The Enterprise Development Center (EDC) and Fast Credit Financial Company Limited have partnered to introduce a single-digit financing scheme in Lagos aimed at empowering Micro, Small, and Medium Enterprises (MSMEs). The initiative provides MSMEs with access to affordable financing with interest rates as low as 0.75% per month.

Fast Credit has committed N2 billion to support SME financing, helping entrepreneurs grow revenue and create jobs. The collaboration aims to bridge the funding gap for entrepreneurs and boost business productivity in Lagos.