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Home » Polaris Bank, Eventful Lift 3 Firms With Business Expansion Grants At The Fashion Souk Polaris Bank and Eventful Limited have reinforced their support for Nigeria’s Small & Medium Enterprises (SMEs) sector with three firms empowered at the just-concluded 5th Lagos Fashion Souk to further grow their businesses.

Polaris Bank, Eventful Lift 3 Firms With Business Expansion Grants At The Fashion Souk Polaris Bank and Eventful Limited have reinforced their support for Nigeria’s Small & Medium Enterprises (SMEs) sector with three firms empowered at the just-concluded 5th Lagos Fashion Souk to further grow their businesses.

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Written By Dedeigbo Ayodeji

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Polaris Bank, Eventful Lift 3 Firms With Business Expansion Grants At The Fashion Souk
Polaris Bank and Eventful Limited have reinforced their support for Nigeria’s Small & Medium Enterprises (SMEs) sector with three firms empowered at the just-concluded 5th Lagos Fashion Souk to further grow their businesses.


L—R: Directorate Head, Enterprise-wide Risk Mgt. Polaris Bank, Mr. Femi Aribaloye, Convener of the Fashion Souk, Mrs. Yewande Zacchedispatched laris Bank MD/CEO, Mr. Innocent C. Ike & Group Head, Products & Market Development, Mrs. Adebimpe Ihekuna
Polaris Bank, Eventful Lift 3 Firms With Business Expansion Grants at The Fashion Souk

…CEO hinges business success on entrepreneurial spirit

Polaris Bank and Eventful Limited have reinforced their support for Nigeria’s Small & Medium Enterprises (SMEs) sector with three firms empowered at the just-concluded 5th Lagos Fashion Souk to further grow their businesses.

While handing the cheques to the winners, who were successful in a business pitch, Polaris Bank’s Managing Director/CEO, Mr. Innocent C. Ike, disclosed that the most important factor required by existing and budding entrepreneurs to get investors interested in their businesses is the entrepreneurial spirit.

Aside the business pitch winners, special prizes were also given to the Most Original Store and Best Decorated Store at the Fashion Souk. The winners were given equipment grants by Polaris Bank to further expand their businesses.

The overall winner of the pitch, Mrs. Oluwatosin Ogunbanjo, who runs a leather bag and shoes company, Avenue 7, got N750,000 and first runner-up, Victoria Udoh, a painting on Fabric Company, Vudoh was given N500,000 while the second runner-up, Tunde Issa, a Tailor and Founder of male clothing line company, RoyalKlassicKoutoure, went home with N250,000.

The hugely attended one-day Fashion Souk/business fair which held at the prestigious Harbour Point facility in Victoria Island, Lagos, on Sunday, provided a platform for more than 150 SMEs in Nigeria’s fashion industry to showcase their creativity, product lines, and economic potentials. Some of the SMEs categories at the fair included: manufacturers, retailers, leather and jewelry/accessories.

The objective of sponsoring the Fashion Souk according to Polaris Bank, was a reinforcement of its support to SMEs as the catalyst for propelling the growth of the Nigerian economy.See also First Bank Hosts FINTECH Summit 5.0, Highlights The Impact Of Open Banking On Financial Inclusion

Polaris Bank, Eventful Lift 3 Firms With Business Expansion Grants at The Fashion Souk

Shedding more light on how fundamental entrepreneurial spirit is for a business success, the Polaris Bank CEO said he has a habit of telling entrepreneurs that what makes the difference, “Is the creative idea that an entrepreneur has and the ability to sit down and put it together diligently in a well-articulated manner.”

He added that “Creative ideas are the only way to attract funding from banks and individuals who will like to invest in the idea because they will see clearly that it is viable. He said the only way an entrepreneur can achieve that is by sitting down and putting his thoughts together and by making sure he crosses all the T’s and dots all the I’s.”

According the Polaris Bank CEO, “When such a business proposal is presented to any investor Bank, it will be very convincing and such an entrepreneur will not get a ‘no’ for an answer.”

Earlier in her address too, Chairman of Eventful/Convener of the Event, Mrs. Yewande Zaccheus, appreciated Polaris Bank for consistently supporting SMEs in the country over the years, remarking that the Bank is not only talking but actually putting its money where its mouth is and urged the Bank to sustain the Partnership for a sustainable Fashion Souk.

Highlight of the Fashion Souk was the product launch that SMEs could leverage the Bank’s loan products like: Polaris Business Loan, Invoice Discounting facility and LPO financing among others were pitched with the participating SMEs.See also 5 Top Banks That Open For Services On Saturday In Nigeria

Polaris Bank, Eventful Lift 3 Firms With Business Expansion Grants at The Fashion Souk

The Bank has developed SME-friendly products to cater to the needs of SMEs based on sector/industry-specific, ranging from SMEs in the Health sector, Education, Manufacturing, General business, Agriculture, Export, Creative Industry, etc.”

 

 

 


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