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Read More »FMO, FCMB, EU sign agreement to provide $25 million in funding for women-owned, youth-owned and agricultural SMEs in Nigeria
The Netherlands Entrepreneurial Development Bank (FMO) and Nigeria’s First City Monument Bank (FCMB) today signed a $25 million NASIRA guarantee agreement. The guarantee will enable FCMB to expand its financing to farmer, youth and women-owned SMEs without requiring collateral, targeting a client group that banks typically consider too risky. Funded by the European Commission, NASIRA is one of the most …
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