The Dutch entrepreneurial development bank, FMO, is providing funding to Frankfurt School of Finance and Management to support Access Bank in Nigeria to increase their lending to micro, small, and medium-sized enterprises (MSMEs) that are owned by youth, women, or that have been affected by the COVID-19 pandemic.
Making Cents International will support Frankfurt School by conducting a baseline assessment of the financial needs of youth entrepreneurs in Nigeria and identifying business opportunities for Access Bank to reach youth with new products and services. Based on the results of the assessment, we will support the bank in designing, piloting, and rolling out new loan products and non-financial services for young entrepreneurs. Making Cents will also assist in pinpointing areas in which Access Bank staff need additional training and support to better serve youth clientele.