Access Bank Loan: 50 Billion Naira Interest Free Loan To Help Nigerian Businesses To Be Disbursed.
Access Bank has just announced their N50 billion support for Nigerians following the crippling effects an average Nigerian business has experienced during the COVID-19 lockdown as well as the nationwide looting and burning that trailed the #EndSARS protests.
Taking to their official LinkedIn page, the bank announced that the program is set to support Nigerians through interest-free loans and grants that will support communities, the youths as well as micro, small and medium-sized businesses.
According to the bank; “Now more than ever, we remain committed to our purpose of impacting lives positively.
” In light of the recent occurrences, we will be supporting Nigerian businesses with N50billion interest-free loans and grants. Watch this space for more information.”
The support by Access Bank is expected to help business owners and entreprenuers alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.
“As a way of supporting SMEs and the working class of the country following the recent damage of properties and livelihoods experienced across the nation, @myaccessbank has rolled out interest free loans of up to N50bn.
“The fund is expected to serve as a kickstart to these affected communities, people and businesses. #AccessCares #All4One,” the bank added.
We know its been a really rough year, we just hope that a lot of other financial institutions follow suit and help cushion the devastating effects of the year in general.
Kudos to Access Bank once again for this brilliant innovative!
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