Proparco enhances its support to FCMB to strengthen the Nigerian Bank’s commitment to high-impact SMEs and women-led businesses | Proparco - Groupe Agence Française de Développement
Summary
These transactions will enable FCMB to consolidate its medium- and long-term credit activities, specifically targeting SMEs. The funding will support FCMB in financing SMEs in high-potential sectors such as agriculture (90%) and women-led enterprises (10%), contributing to initiatives like FARM3 and CHOOSE AFRICA. This collaboration with a forward-thinking and committed bank like FCMB, allows Proparco to reaffirm its mandate to foster inclusive and impactful economic growth.Djalal Khimdjee, Proparcos Deputy Chief Executive Officer, commented: This partnership with FCMB demonstrates our commitment to supporting impactful financial institutions in emerging markets. Together with FCMB, we are enabling the growth of SMEs, advancing gender equality, and strengthening food security in Nigeria. By supporting SMEs in critical sectors like agriculture and women-led businesses, we are building a stronger and more resilient economy for all Nigerians.