FCMB OPENS ₦10M ZERO-INTEREST LOAN APPLICATIONS FOR WOMEN ENTREPRENEURS

SheVentures 2026: 0% interest, 4–6 month repayment, advisory support included

First City Monument Bank has opened applications for its 2026 SheVentures Zero-Interest Loan Programme, offering women-owned businesses access to up to ₦10 million in capital at zero percent interest, one of the few such products available in Nigeria's banking market.

The facility provides loans between ₦500,000 and ₦5 million under a general funding category, and between ₦5 million and ₦10 million for sector-specific businesses. Loan approvals are capped at 50% of the applicant's average monthly turnover.

The interest rate is 0%, with all fees stated transparently at the point of application. Repayment is structured over four or six months, designed to align with business cash flow cycles rather than fixed calendar dates.

Beneficiaries also receive business advisory services, financial inclusion support, and capacity-building opportunities alongside the loan disbursement.

FCMB Managing Director Yemisi Edun described the initiative as a deliberate response to structural financing gaps. "Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively," she said.

Nnenna Jacob-Ogogo, Group Head of SheVentures and Impact Segments, said: "Access to affordable finance remains a major constraint for women entrepreneurs. By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions."

Most SME loan products in Nigeria carry double-digit interest rates. Applications are open now at FCMB's official portal.