Oikocredit invests in FCMB Limited to support low-income communities in Nigeria
This is Oikocredit’s first investment in First City Monument Bank (FCMB) Limited – a bank that focuses on poverty alleviation, empowerment and environmental sustainability in Nigeria.
Oikocredit’s Country Manager for Nigeria, Ufuoma Elizabeth Eghwerehe, said: “The Oikocredit loan to FCMB Limited will play an important role in providing credit to unbanked small and medium businesses during these challenging Covid-19 times. It will also enhance Oikocredit’s lending in Africa and promote its strategic objective of development impact by providing the much needed loans in this time of crisis.’’
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