MSME Business Financing Opportunities

Presentation to FATE Business men and women on the 10th of March about MSME Financing Opportunities at Sterling Bank

1. 1 Financing opportunities available to MSMEs in Sterling Bank Plc.

2. THE MSME SEGMENT AS DEFINED BY CBN CBN for the purpose of the N220B MSMEDF scheme defined a Small and Medium Scale Enterprise (SME) as an enterprise that has asset base (excluding land) of between N5million - N500 million and labor force of between 11 and 300.

3. BRODER DEFINITION OF MSME

4. Financing Opportunities Available for MSMEs in Nigerian Commercial Banks Given that MSMEs are considered to be the backbone of economic growth in all countries and the fact that they constitute 97.2% of the companies in Nigeria, Commercial Banks however little, have overtime supported MSMEs financial need via different products which broadly fall into Overdraft to finance working capital Term loans for business expansion Leases for asset acquisition Stock financing Invoice discounting etc. 4

5. Financing Opportunities Available for MSMEs in Sterling Bank Plc 5 To enable the bank meet the needs of MSMEs (Micro, Small and Medium Enterprises ) in the country, it developed a holistic and integral framework of value-add offerings that will inspire, nurture, mentor and manage specific MSME types from micro to medium . This product is called the SUPA Business Proposition which comes in three variants.

6. The SUPA Offerings Features of the SUPA Account Types (ZERO AMF accounts) Target Market Micro Small Medium Monthly turnover N4million N20million N100million Minimum opening and daily account balance N15,000 N25,000 N50,000 Other features Free SMS & Email Alerts, Mobile Banking, Internet Banking, Mobile Payments, Free Debit Card (Verve Debit Cards only) Free SMS & Email Alerts, Mobile Banking, Internet Banking, Mobile Payments, Free Debit Cards ( Verve upon default and Visa Debit Card on request ) Free SMS & Email Alerts, Mobile Banking, Internet Banking, Mobile Payments, Free Debit Cards (Verve upon default and Visa Debit Card on request) Monthly flat charge N1,000 N2,500 N5,000

7. Our SUPA offering: Financial 7

8. OUR VALUE –ADD OFFERINGS 8

9. N220 BILLION CBN MICRO, SMALL & MEDIUM ENTERPRISES DEVELOPMENT FUND (MSMEDF)

10. ELIGIBILITY CRITERIA

11. TERMS & CONDITIONS

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13. 4 Terms & Pricing

14. 4 Other Financing Opportunities Cluster financing Sterling Alternative Finance

15. Thank You!