The FCMB SkillPaddy Fund for SMEs in Nigeria

Ikenna Nwachukwu

6 months ago

FCMB, in collaboration with SkillPaddy, is organizing a program that will set up several small businesses for success in their domains. A key part of this program is the SkillPaddy FCMB Fund for SMEs, which will make ₦1 million available to small-scale enterprises. If you are seeking funding that will enable your business to expand, you should consider applying for this opportunity.

Read more about Opportunities

As one of the leading financial services companies in Nigeria, FCMB serves well over a million customers—many of them self-employed. Its Fund for SMEs initiative is built to enable it to “Fund SMEs for Success”, in its own words. While this fund is open to all adults who own and run a small business, its organizers are keen on hearing from female entrepreneurs.

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Benefits

The SkillPaddy FCMB Fund for SMEs offers these benefits to its participants:

One month of free training worth ₦250,000
Get your business spotlighted for free
Be one of 5 entrepreneurs who will receive ₦1 million in business grants each

Register to attend the CN Business Mixer

Eligibility

This program is open to persons who meet the following criteria:

Operate an existing and functioning business that has been operational for at least 12 months
Have an FCMB account with a balance of at least ₦5,000
As for women-owned businesses, applicants should own at least 51% of the business, 20% ownership from at least 3 women, or be solely owned

Applications will remain open until December 1, 2023. If you would like to apply for this opportunity, you can do so HERE.

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