Monday, September 15, 2025
27.6 C
Lagos

Stanbic IBTC Bank, Tillit MSME Microservices to Empower Healthcare SMEs in Nigeria

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has partnered with Tillit MSME Microservices to offer affordable healthcare solutions to Small and Medium-sized Enterprises (SMEs) in Nigeria.

This strategic partnership aims to address the challenges faced by SMEs in delivering quality healthcare services and retaining skilled professionals.

SMEs in the healthcare sector can now access a range of financial products from Stanbic IBTC Bank tailored to their needs. These include short-term loans of up to N10 million; overdraft facilities of up to N2 billion; and term loans of up to N5 billion. The funds can be used for crucial purposes including stocking medication, consumables, procurement of services, and essential assets. With repayment periods spanning from 12 to 60 months, these loans have been tailored for healthcare SMEs.

Beyond financial assistance, Stanbic IBTC Bank offers guidance on effective cash flow management to healthcare SMEs. The Bank will provide support to help enhance the quality of patient care, thereby helping businesses to enhance their sustainability and growth prospects.

Babatunde Akindele, Head, Commercial Banking at Stanbic IBTC Bank, affirms the Bank’s commitment to supporting the growth of healthcare SMEs.

He said: “We recognise the pivotal role healthcare SMEs play in our economy and Stanbic IBTC Bank is dedicated to facilitating their growth journey. Our customised financial solutions and extensive partner network will empower these businesses to thrive.”

Meanwhile, Managing Director of Tillit MSME Microservices, Yomi Sule, expressed his excitement regarding their partnership with Stanbic IBTC Bank. He stated that this collaboration is a game-changer for healthcare SMEs in Nigeria, as it provides access to customised financial products, seamless application processes, and prompt disbursement. “Stanbic IBTC Bank is the ideal financial partner, as it offers suitable financing and an ecosystem of partners that provide valuable business support services to healthcare SMEs, ensuring their holistic growth.”

By leveraging the synergies between both entities, this collaboration will address critical challenges faced by SMEs, enabling them to deliver better care and retain skilled personnel. Ultimately, this contributes to the overall health and sustainability of enterprises in Nigeria’s dynamic healthcare ecosystem.

This partnership announcement comes just two months after the successful hosting of Stanbic IBTC Bank’s inaugural Healthcare Breakfast Session, an event that recorded attendance from top leaders and innovators within the healthcare sector. The gathering brought together the thought leaders in healthcare to discuss collaborations, innovations, and ways to enhance the sector.

spot_img
spot_img

Hot this week

Sovereign Trust Insurance Wins Enactus Catalyst Award

From L-R: Victor Akinfala, Head Partnerships & Special Projects,...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

Universal Insurance MD/CEO, Jeff Duru, Bags CIBN Associate Membership

  Dr. Jeff Duru Managing Director/CEO Universal Insurance Plc The Managing Director/CEO of...

Sterling One Foundation CEO, Olapeju Ibekwe, Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation,...

FNITCC Atlanta: Fidelity Bank to Spotlight Fintech’s Role in U.S. – Africa Trade

  Tier-one lender Fidelity Bank Plc will host a high-profile...

Topics

NSE Partners Kinabuti Fashion Initiative to Promote Financial Literacy

As part of its contribution towards building a financially...

‘Enabling Digitally-led Trade Growth is a Key Opportunity’—Standard Bank

  Vinod Madhavan Head of Trade Standard Bank The Covid-19 outbreak is set...

NAICOM: Insurance Sector Resilient in Market Growth, Income, Claims Payment

Mr. O. S. Thomas Commissioner for Insurance/CEO National Insurance Commission (NAICOM) Despite...

Interswitch, Visa Partner on Digital Payment across Africa

Interswitch Limited, a leading technology-driven company focused on the...

Konga.com Appoints Shola Adekoya as New CEO

Nigeria’s largest online mall company, Konga Online Shopping Limited,...

Oloibiri Museum: NCDMB Executes Construction Contract with Julius Berger

The Nigerian Content Development and Monitoring Board (NCDMB) on...

NCC, Lottery Commission Renews MoU on Gaming Industry

The Nigerian Communications Commission (NCC) has signed a revised...

SanlamAllianz Flags Off 12-City Roadshow to Deepen Customer Engagement, Awareness

SanlamAllianz, Nigeria's leading insurance powerhouse formed from the merger...
spot_img

Related Articles

Popular Categories

spot_imgspot_img