In the last two years, the Bank of Industry has really stepped up as regards engaging and financing non S.T.E.M (Science, Technology, Engineering and Mathematics) professions. Last year the Bank of Industry set aside one billion naira for female owned small and medium scale enterprises in the fashion industry. The Bank is expanding its reach with a new initiative to register and market, trade and artisanal associations. Here’s a transcript of the official letter.
CALL TO REGISTRATION OF ALL MARKET ASSOCIATIONS, ARTISAN ASSOCIATIONS, TRADE ASSOCIATIONS, AND COOPERATIVES.
To further deepen its credit delivery process through various stakeholder groups and clusters, the Bank of Industry (BOI) is concluding plans to partner with accredited market associations, trade associations and cooperatives in its financial intermediation schemes.
Since BOI has identified 40 micro small and medium enterprises (MSME) clusters, the bank is evolving a nationwide MSME cluster initiative where specific funds would be directed as appropriate. As such, the institution is developing a master list of registered associations and stakeholder groups.
This is a call to registration for all accredited market associations, trade associations, artisan clusters, market women associations and cooperatives. Registration can be done through any of the following means:
1. Fill out a form on www.boi.ng/marketreg
2. Call: 0814 935 6083||0905 734 4521
3. Visit any of the 16 BOI state offices to register.
To enable success of this financial inclusion initiative, the bank hopes to work with stakeholders to ensure the right criteria for partnership are met, while ventures that access the bank’s facilities are held accountable for credit accessed.
Work as a tailor or embroiderer, cobbler or in the print industry? Do you sell fabric or other tailoring and fashion accessories in bulk, then this is for you. Send them a message or visit their offices and get acquainted.