BOI SIGNS ON FIRST CAPTAL PLC AS BDSP!

In a bid to address challenge of access to credit for SMEs, and to hasten the credit delivery process, the Bank of Industry (BOI) has signed on FIRST CAPITAL TRUST PLC as a Business Development Service Provider (BDSP) to increase SMEs' capacity to apply for and secure financing from  BOI.


This was achievable due to our track record and in furtherance of the  BOI's core mandate "of providing medium and  long-term financial and business support services to  medium and small  scale businesses.   SMEs  account for over 90% of the companies in Nigeria, account for half of the nation's GDP, and provides employment for more than 30% of its populace, many SMEs have not been able to attract funding because of poorly packaged and non-bankable business plans and proposals submitted to secure funds.


 First Capital will leverage on its experience to collaborate with BOI to identify credible SMEs that require finance, developing bankable business plans and proposals for SMEs to facilitate their access to finance, ensure that a sound business model is developed and presented. Provide post-finance services such as mentorship, hand-holding, financial advice and encourage SMEs to inculcate best practice; while supporting SMEs to develop synergies and linkages with large enterprises, industrial buyers and suppliers along the value chain.

=

............................................................................................................................................................................................................................................................................................................