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.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
EDC and FastCredit Partner to Provide N2bn Credit Access for Nigerian MSMEs
Cross River State Screens 500 Entrepreneurs for Single-Digit SME Loans to Boost Economy
FG Launches N10 Billion Credit Scheme for Women Entrepreneurs in Nigeria
FairMoney Launches FlexiCredit for Nigerian Professionals, Offering Instant Access to ₦5M Credit Line
Edun Urges Banks to Boost SME Credit Access at CIBN Event in Lagos
FairMoney Launches FlexiCredit Loan Product for Nigerian Professionals
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
