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Fidelity Bank Plc has launched the FundHer Loan, a dedicated financing solution aimed at improving access to capital for women-led small and medium enterprises (SMEs) across Nigeria.
The initiative aligns with the bank’s broader strategy to address the persistent funding gap faced by female entrepreneurs, particularly in sectors such as trade, manufacturing, services, and agribusiness.
Product structure and loan categories
The FundHer Loan is structured into three financing options, each designed to meet specific business needs.
The Working Capital Loan provides up to ₦50 million to support operational expenses, including inventory purchases and raw material sourcing. It is suited for businesses with steady cash flow cycles that require liquidity to maintain continuity.
The Asset Financing Loan offers up to ₦100 million for the acquisition of equipment, vehicles, and other critical assets. This option targets enterprises seeking to enhance operational efficiency and scale production capacity.
Under the Business Expansion Loan, beneficiaries can also access up to ₦100 million to fund growth initiatives such as office space acquisition, renovations, and expansion into new markets.
Target sectors and eligibility
According to the bank, the product covers a broad range of sectors. In trade and manufacturing, eligible businesses include wholesalers, distributors, supermarkets, and FMCG producers.
Service-oriented enterprises such as mechanics, artisans, hairstylists, and cleaning service providers are also included, particularly those with consistent daily cash flow and short conversion cycles.
The offering further extends to women operating in agribusiness, technology, healthcare, education, consulting, and the creative industry, including fashion and digital content creation.
Eligibility is limited to women-led or female-owned SMEs within Nigeria. The product also caters to startups seeking structured financing to support growth and expansion.
Loan terms and repayment structure
FundHer loans come with repayment tenures ranging from 12 to 24 months, allowing businesses to align debt servicing with their cash flow patterns.
The bank noted that the facility is offered at competitive interest rates, subject to the applicant’s credit profile and overall business performance.
Strategic focus on women entrepreneurship
The launch of FundHer reflects a wider shift within Nigeria’s financial sector towards gender-focused financing solutions. Despite their growing role in economic development, women entrepreneurs continue to face structural barriers in accessing credit.
Through this product, Fidelity Bank aims to provide not just funding, but a framework that supports sustainable growth, improved productivity, and job creation among women-owned businesses.
How to apply
Interested applicants can submit their applications via the official portal:
https://fidelitybank.ng/fundher/
The bank stated that the process has been streamlined to reflect the realities of SMEs, with documentation requirements designed to be practical and accessible.
FundHer is expected to strengthen financial inclusion for women entrepreneurs, while reinforcing Fidelity Bank’s position in Nigeria’s SME financing landscape.
