First City Monument Bank (FCMB) recently disclosed that it has provided micro loans valued at N40 billion to over 300,000 beneficiaries comprising 200,000 women traders across the country who have accessed over N28.7 billion of the total loan sum.
Through EasyAgents, its agency banking network and other channels, has successfully onboarded and empowered one million financially excluded Nigerians, ensuring they have a better and more sustainable future through access to financial services.
The Managing Director of FCMB, Mrs Yemisi Edun, stated thus:
“We are proud of our significant role in integrating Nigeria’s huge informal economy driven by small-scale farmers, traders, artisans, and other small and medium-sized businesses into the formal economy through affordable and sustainable access to financial services. Access to financial services enables prosperity and allows disadvantaged and vulnerable people to improve their lives, create wealth and reduce poverty. So, we will continue championing and executing initiatives that deepen access to affordable and sustainable financial services in our local communities to empower individuals and businesses”.