Fidelity Bank Plc has bagged Business Hallmark People of the Year award for providing succour to Micro, Small and Medium Enterprises (MSMEs) in Nigeria.
Fidelity Bank’s SME financing strategy is delivered through a multi-faceted approach that includes robust business advisory, practical handholding and guidance of aspiring and existing entrepreneurs to building sustainable businesses.
Globally, access to finance is a critical success factor in the growth and development of micro, small and medium enterprises (MSMEs).
Available statistics show that in developed countries of the world, MSMEs are the major drivers of growth in their economies.
The existence of an environment that is conducive to doing business is very important in this regard and partly responsible for this development in developed countries.
That is why Nigeria cannot afford to be an exception if she intends to be in the top 20 economies of the world.
That was why in order to chart a course towards analysing the barriers MSME face in the country, Fidelity Bank has continued to expand its support for MSMEs across the country.
In recognistion of this role, Business Hallmark adjudged Fidelity Bank as Best bank in SME support.