As part of its commitment to support start-up businesses, Access Bank Plc has pledged N1Billion for Small and Medium-scale Enterprises (SMEs) in the health sector. This was disclosed at the recently held Access Bank business seminar for SMEs and health sector players in the country organized in partnership with Medical Credit Fund.
According to Victor Etuokwu, Executive Director, retail banking, Access Bank Plc, the bank remains resolute to increase funding for SMEs across a broad spectrum of the economy. He also added that Access Bank has one of the highest loan portfolios available to small and large-scale businesses.
“Increasing lending support to the private sector would further boost the performance of the economy. This programme is the first business workshop after the merger with Diamond Bank. Access bank remains committed to providing the much-needed financial support to businesses,” said Etuokwu.
“As a bank, we have a role to support the economy anyhow we can and how we do that is by empowering our customers. “We empower our customers by helping them to access finance, we also help them in capacity development by training them to do their businesses better. We also teach them about basic banking services.”
While presenting at the event, the Business Development Director, Medical Credit Fund Fisayo Ogunsanya, said the health sector has the potential to contribute significantly to the country’s Gross Domestic Product. He called on entrepreneurs in the sector to take advantage of the opportunities in the external environment by investing in technology that would drive their businesses.
One of the major challenges faced by small businesses in Nigeria is poor access to the right markets for products and services. The Diamond Business Advantage product from Access bank has been designed to add value to micro, small and medium scale business owners so that they can grow their businesses with smart banking. The proposition provides SME’s market linkages, increased referral base & networks that enable them to scale the hurdles of accessing new markets for their products.
Networking sessions such as Business Clubs, Business clinics, and Business seminars enable MSME customers to expand their referral base by interacting with other MSMEs. Please click HERE to know more about the exciting products and services from Access bank targeted at MSMEs and register to take your business to the next level.
In December 2018, Access Bank and Diamond Bank signed an agreement to merge, with Access Bank being the principal bank.