Trump: Michael Cohen’s Campaign Finance Charges Were Meant To Embarrass MeSowore Threatens To Sue Over Exemption From Presidential Debate2019 Polls: Court Sacks Donald Duke As SDP’s Presidential Candidate, Picks Jerry GanaJ&J Replies Reuters Over Findings Of J&J Baby Powder Containing Asbestos, Calls Findings “Misleading”Saraki Mourns Ex-Ohanaeze Boss, IkedifeGlo unveils GameBox With Over 400 premium GamesLagos Holds ‘Pens’ Down’ Ceremony For Retired Permanent SecretariesGroup Roll Out To Support Lagos State Governorship Candidate, Mr Babajide Sanwo-OluLASU will get Faculty of Pharmacy- Sanwo-OluGov’s Adviser Impregnates 15-Yr-Old Girl, Dates Mother
Unity Bank, BOI Sign Agreement On SMES Development
Comments Off on Unity Bank, BOI Sign Agreement On SMES Development | | August 16, 2017 10:32 AM

Unity bank has entered into a strategic agreement with the Bank of Industry to boost the execution of Government Enterprise and Empowerment Programme (GEEP), one of the social intervention programmes of the Federal Government.

The GEEP initiative provides access to affordable micro credit to Nigerian micro business owners who hitherto were unable to access loans to grow their businesses. Under this partnership, Unity bank will provide account-opening services to qualified beneficiaries of GEEP nationwide. These individual bank accounts will serve as channels for beneficiaries to receive loans disbursed by BoI.

ALSO READ:   Nigeria Demands For AfDB’s West Africa Regional Office In Abuja

Beneficiaries will also make loan repayments through these bank accounts. Unity bank will also provide BVN registration services for beneficiaries who require such, thereby increasing the financial inclusion in Nigeria. The bank’s participation in the scheme stems from the strategic business objective of supporting micro, small and medium enterprises (MSME) to access affordable funding.

Reacting to this development,  Managing Director/Chief Executive  of Unity Bank Plc, Mrs Tomi Somefun, stated that the success of the partnership with BoI is a testament to the fact that despite the difficulties of accessing credits by this segment of the market, the good knowledge and understanding of different players in the market segments and ability to harness inherent opportunities for their benefits have continued to differentiate the bank in line with its strategic business focus on agriculture, retail/SME and rural economy.

ALSO READ:   FirstBank Drives Capacity Development, Unveils Career Growth Models For Staff

NOTICE

Copyright 2018 E247Magazine. Permission to use quotations from this article is granted subject to appropriate credit being given to https://www.e247mag.com as the source.

Comments Off on Unity Bank, BOI Sign Agreement On SMES Development

 


Comments are closed.

ZENITH
Access Bank
Facebook Page Like
Twitter Tweets
Loading…
%d bloggers like this: