Client presentation
First City Monument Bank (FCMB) was set up in 1982 and currently ranks among Nigeria’s top ten banks. As part of its growth strategy, FCMB aims to further support SMEs, through products and services tailored to entrepreneurs.
Project description
Proparco’s support will allow FCMB, a longstanding partner, to extend its financing to more SMEs in Nigeria and thereby foster financial inclusion.
Project impact
This risk-sharing agreement will support some 245 SMEs in the country and will help create or maintain over 440 jobs.