The Enterprise Development Centre (EDC) of Pan-Atlantic University has partnered with Fast Credit Finance Company Limited to launch a single-digit financing scheme.
The financing scheme aims to empower micro, small, and. medium enterprises (MSMEs).
Yetunde Faulkner, the acting managing director of the company, while speaking at the unveiling ceremony, said the partnership will ensure that MSMEs are sustainable and scalable through access to funds.
Faulkner noted, “We are offering any amount of loan, starting with N5 million, under a partnership with one of our developmental finance partners, BOI, at a flat monthly interest rate of 0.75 per cent, which amounts to nine per cent per annum.”
Feyikemi Odunuga, a business consultant, appreciated EDC and Fast Credit for creating the avenue for entrepreneurs to access capital.
