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Enterprising as they are, Nigerian businesswomen face so many challenges in their quest to grow successful businesses. That’s why FCMB is paying closer attention to the needs of women who own or run a business in Nigeria, providing the support they need to thrive.
We are passionate about empowering female entrepreneurs, helping them build their businesses and improving the overall success rate of businesses owned or run by women.
Limited access to finance- sociocultural norms, legal discriminations, skills and confidence gaps, poor access to networks and information are some of the constraints to women’s access to funding when compared to their male counterparts.
Gender discrimination, stereotyping and lack of respect –Women tend to face a lot of discrimination and lack of respect when they venture into the business world.
Dual career/family pressures- Women face the same business pressures as their male counterparts, yet they also have to balance all of that with family responsibilities.
Lack of financial knowledge- Inadequate access to formal education and training is one of the key barrier to women's advancement in the business world. This has affected women in terms of acquiring financial knowledge and business specific skills.
Network support system- Most women hardly have the opportunity to meet and network in business related environments, which puts them at a disadvantage compared to their male counterparts.
Some features of the BOI Gender Funds includes:
Terms and conditions apply.
Some of the features of the Zero Interest Loan includes: