Access Bank announces N50 billion interest-free loan for businesses
Thompson Nsisongabasi
Oct 24, 2020
Access Bank has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths as well as micro, small and medium-sized businesses.
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The bank disclosed this through its official LinkedIn page.
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It said the move was to support businesses following the crippling COVID-19 lockdown as well as the looting and arson that trailed the #ENDSARS protests.
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According to the bank; "Now more than ever, we remain committed to our purpose of impacting lives positively.
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ÔÇØ 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.ÔÇØ
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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.
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"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,ÔÇØ the bank added.
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— Thompson Nsisongabasi