Sterling Bank & DBN Launch Funding Scheme for Womenpreneurs

• Sterling Bank and the Development Bank of Nigeria (DBN) have unveiled a ₦20 billion funding programme
• The program seeks to enhance access to low-cost financing for business development and expansion

Sterling Bank and the Development Bank of Nigeria (DBN) have launched a ₦20 billion funding program for women entrepreneurs across Nigeria.

The initiative is to support access to attractive financing for women-owned and/or led businesses to develop their company growth, especially in the priority sectors of healthcare, education, agriculture, fashion, and food and beverage.

Through the program, qualified companies can access up to ₦75 million in loans with flexible repayment terms spread over three years. The purpose of this financing is to address the capital barriers faced by women-led entrepreneurs while bolstering commercial growth and sustainability.

To qualify for the loans, women entrepreneur applicants must be either an owner or a manager of a registered business in Nigeria, and be in any of the qualifying sectors.

The loans have the benefit of coming from legitimate national financial institutions and will facilitate and serve long-term growth.

Eligible applicants will apply by going to the official applications website, reading the eligibility criteria, completing the online form and entering correct and appropriate company information, and then submitting their applications by the closing submission date.