Fidelity Bank Ghana has hosted a virtual networking forum for over 40 entrepreneurs to interact, share their company experiences, and provide input on the advantages of the bank’s youth support programs to Fidelity Bank and its partners.
The Fidelity Young Entrepreneurs Fund (FYEF) was established by Fidelity Bank to provide both financial and non-financial support to youth-related enterprises in order to help them survive and develop. The bank will provide training programs and up to GHC200,000 in financial support to chosen enterprises, in collaboration with its partners.
Fidelity Bank partnered with other corporate partners and the Embassy of the Kingdom of the Netherlands (EKN) to launch EKN’s Ghana chapter of the Orange Corners initiative as part of the Bank’s long-term youth development plan to support the relevant UN Sustainable Development Goals. The program uses a revolving fund mechanism established and administered by Fidelity Bank to strengthen the capability of young companies and provide low-cost financing where needed.
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Julian Opuni, the Managing Director of Fidelity Bank Ghana, complimented the entrepreneurs’ tireless spirit in his speech at the first virtual networking event and advised them to take advantage of the unwavering assistance that Fidelity Bank will provide.
“It is heartwarming to see that these young entrepreneurs are working hard and so effectively to grow and sustain their businesses. These flagship youth initiatives, the Fidelity Young Entrepreneurs Fund and the Orange Corners Initiative, were established to give them the necessary support and our aim with this event is to solicit ideas on how to improve these initiatives to continue to meet the dynamic needs of young entrepreneurs.”
“It is our hope that the SMEs that benefitted from our financial and training programs will grow to become big businesses that will significantly impact Ghana and beyond.”
Some of the young entrepreneurs who attended the networking event thanked Fidelity Bank and its partners for their continued support in helping them expand their enterprises. They are hopeful that the feedback they provided to Fidelity Bank will be integrated into the programs for the benefit of participants. Fidelity Bank has disbursed approximately GHS 3 million in loans to recipients through the Fidelity Young Entrepreneurship Program.
Fidelity’s assistance for young entrepreneurs is part of the bank’s “Together We’re More” brand promise, which sees success as a joint effort among key stakeholders working toward a common goal. Fidelity has demonstrated that by collaborating with entrepreneurs, they can help them realize their business aspirations, thereby contributing to the nation’s economic prosperity.
Elsewhere, Fidelity Bank announced a number of intriguing Christmas deals to thank its loyal customers as part of its 15th anniversary celebrations. Fidelity’s goal is to make the holiday season more special for its consumers by focusing on small companies and salaried workers.
Small companies can use Fidelity’s Boafo Loan and Semi-Secured Loan to stock up their stores with a variety of merchandise to satisfy the demands of the festive season during the Christmas season and into the New Year.
During and after the holidays, importers can use Fidelity’s Trade Import Loan and Trade Import Duty Loan to facilitate the importation and clearance of their goods.
Fidelity Bank is providing salaried workers a maximum credit limit of $350,000 with the option of a repayment break.
Nana Esi Idun-Arkhurst, Divisional Director, Retail Banking, Fidelity Bank Ghana, revealed that the special Christmas deals were designed to provide financial comfort to consumers over the festive season.