YouThrive: Access Bank set to empower over 700,000 MSMEs with 50bn loans

Access Bank, Nigeria’s largest bank by customer base with a global footprint beyond Africa has launched a “YouThrive” initiative which targets to empower 700,000 MSMEs in the country through a 50bn loan.

Victor Etuokwu, Deputy Managing Director, Access Bank announced this during a press briefing held recently at the bank’s head office in Lagos. The bank’s Deputy Managing Director also revealed that the MSMEs that would benefit from the programme would undergo trainings to enable them optimally make use of the loan.

In his words, “Access Bank is set to financially empower over 700,000 youth MSMEs and to achieve this, we have set aside N50bn to lend to them at a huge, discounted interest rate.

To be eligible to access this loan, all applicants must be within the ages of 21 to 40 years.