The Providus Bank SME Program is an initiative designed to support small and medium-sized enterprises (SMEs) in Nigeria by providing them with access to financial services, resources, and capacity-building opportunities. ProvidusBank, a leading financial institution in Nigeria, launched this program with the aim of fostering the growth and development of SMEs, which play a crucial role in driving economic prosperity and job creation in the country.
Central to the ProvidusBank SME Program is the provision of tailored financial solutions to meet the specific needs of SMEs at different stages of their business lifecycle. These solutions may include business loans, working capital financing, trade finance facilities, and other forms of credit designed to support SMEs in expanding their operations, investing in new equipment, or entering new markets.
In addition to financial support, the ProvidusBank SME Program offers a range of non-financial services to help SMEs enhance their business capabilities and competitiveness. This may include business advisory services, mentorship programs, training workshops, and networking opportunities designed to equip SMEs with the skills, knowledge, and connections they need to succeed in today’s dynamic business environment.
Moreover, the ProvidusBank SME Program is committed to leveraging technology and innovation to streamline processes and improve access to financial services for SMEs. Through digital banking solutions and online platforms, SMEs can conveniently manage their finances, access credit facilities, and engage with ProvidusBank’s support services from anywhere, anytime.
The Providus Bank SME Program represents a strategic investment in Nigeria’s SME sector, aimed at empowering entrepreneurs, stimulating economic growth, and fostering sustainable development. By providing SMEs with the financial and non-financial support they need to thrive, Providus Bank is making a meaningful contribution to building a more inclusive and prosperous economy for all Nigerians.
The bank provides various products and services, including personal and corporate banking, wealth management, investment banking, and digital banking solutions. Through its retail banking division, Providus Bank offers savings accounts, current accounts, debit cards, and loans to individual customers, while its corporate banking arm provides tailored financial solutions to businesses and institutions.
Providus Bank emphasizes technology and innovation in its service delivery, leveraging digital channels and platforms to enhance customer experience and convenience. The bank’s digital banking services include internet banking, mobile banking, and electronic payment solutions, allowing customers to access and manage their accounts securely from anywhere at any time.
In addition to its traditional banking services, Providus Bank also engages in investment banking activities, including advisory services, capital raising, and project financing, to support the growth and development of businesses in Nigeria and beyond.
ProvidusBank in partnership with Enterprise Development Centre has created the ProvidusBank SME Program to build the capacity of business owners in Nigeria and provide them with the skills and competencies for the development of long-term strategic plans to transform their businesses and drive profitability.
Eligibility Requirements For The Providus Bank SME Program
- Business Owner must be a citizen or legal resident of Nigeria.
- The Business must be based and registered with the CAC in Nigeria.
- The Business must be for-profit from any sector.
- Applicant must be available to commit to the training schedule once accepted
- Operated for at least 5 years
- Sales/turnover of at least 25 – 50 million naira
- Keep Financial Records
Program Benefits
This program is designed to help businesses achieve the following:
- Develop a growth plan for their businesses
- Develop the leadership capacity of the participants to effectively lead their teams
- Clearly define the value proposition of your business
- Implement structures that ensure long-term sustainability
- Develop a ‘go-to-market’ strategy for your products and services
- One-on-One Business Advisory to address company-specific challenges
- Interact with like-minded entrepreneurs which enables sharing ideas and industry best practices
- Establish a network of contacts for business and personal development.
Method of Application
Contact Info: Jude – [email protected] | Chukwunonso – [email protected]
Application Deadline: March, 18 2024.