Rosabon Financial Services unveils REEF scheme to empower SMEs
Rosabon Financial Services has launched Rosabon Emerging Enterprise Fund (REEF) to empower the small and medium scale enterprises, SMEs in Nigeria.REEF aims to empower SMEs by providing them the opportunity to gather adequate business knowledge which can be used to boost their revenue and profitability in the long run.
Rosabon seeks to provide free access to quarterly SME seminars, networking opportunities as well as access to business loans for these SMEs.The Marketing Communications Manager, Rosabon Financial Services, Kehinde Ruth Onasoga, said: “It does not take a finance degree to know that the desire of every business owner is to continuously expand and mark profitability.
“This is however quite difficult in a country like Nigeria where SMEs are the least serviced set of people by financial institutions as they rarely get access to easy and convenient funding.
“Apart from the inability to access funding, many SMEs have remained stagnant because they have not been able to strike a balance between their expenses and investment plans due to lack of proper and suitable financial package to help them achieve this. This is why Rosabon has come up with this solution to help SMEs grow.”
Launched recently as one of Rosabon’s development programmes for SMEs, the product helps SMEs expand and remain profitable while ensuring that they have adequate funds set aside for other long or short term financial goals.
Besides, REEF allows business owners to make investments against which they earn highly competitive returns whilst being able to access a certain percentage in business loan of their invested sum.
Simply put, rather than plough all their profits back into the business, SME owners can use the high returns on their investment for working capital needs and business expansion.
REEF also provides other benefits such as competitive interest on investment, Free publicity of SMEs business on Rosabon website and other platforms etc.Through REEF, SMEs can earn interest on investment and collect same upfront to fund working capital needs.
No Comments yet