Constancy Financial institution has partnered with Nigeria’s Small and Medium Enterprises Growth Company (SMEDAN) to try to bridge the hole in serving to smaller companies get funding, an organization weblog put up mentioned.
The corporate mentioned the partnership will bolster what it’s already doing in Nigeria to assist small-to-midsize enterprises (SMEs).
“For us at Constancy Financial institution, supporting SMEs is in our DNA and for greater than twenty years we have now been creating a number of platforms to assist them thrive,” mentioned Nneka Onyeali-Ikpe, Managing Director/CEO, Constancy Financial institution. “These embody the quite a few merchandise we have now pioneered for the sector, our collaboration with the Lagos Enterprise College to host the Export Administration Programme, the Constancy SME Academy and our weekly SME Discussion board radio programme the place we have now had profitable enterprise house owners and even SMEDAN share tips about operating thriving ventures with listeners.”
SMEDAN Director-Normal/CEO Olawale Fasanya mentioned Constancy Financial institution had been a rarity in Nigeria in that it confirmed “immense curiosity in offering assist to the massive MSME group.”
In different information relating to Constancy Financial institution, eco.enterprise Fund, an affect investor, has prolonged $15 million to the financial institution to put money into the West African nation of Ghana, PYMNTS wrote.
Learn extra: Constancy Financial institution, eco.enterprise Fund Crew to Increase Agribusiness Financing in Ghana
This can see Constancy Financial institution lending to agribusinesses on the worth chain comparable to these in meals manufacturing, logistics and provide chains for home staples and export crops.
As well as, it can promote manufacturing and consumption practices that are extra in-line with sustainability requirements and biodiversity conservation.
The 2 companions will assist agribusinesses bolster their capabilities, promote market linkages and climate-resilient agricultural practices, and can give tech assist for workers.
All of it comes as Ghana is making an attempt to grow to be extra meals self-sufficient. The nation has adopted sustainability requirements for agribusinesses and has been working extra on home manufacturing.
Constancy Financial institution mentioned it helps the agricultural sector “not simply due to the enterprise and business alternatives it presents, however most significantly the direct affect it has on job creation, meals safety, improved livelihood and gender inclusion.”
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