EDC and FastCredit Partner to Provide N2bn Credit Access for Nigerian MSMEs

The Enterprise Development Center (EDC) and FastCredit have joined forces to launch a N2 billion credit scheme for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. The initiative aims to provide affordable financing with single-digit interest rates to boost business growth and job creation.

FastCredit commits to offering loans starting from N5 million at a flat monthly interest rate of 0.75%, benefiting entrepreneurs in Lagos and beyond. The partnership with EDC and FastCredit is set to address the funding challenges faced by Nigerian entrepreneurs and drive economic development.