• Wednesday, May 22, 2024
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RegCharles Finance invests $130,000.00 in bottled water S

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In furtherance of her empowerment of MSME in the real sector of the Nigerian economy, RegCharles Finance and Capital Limited has injected a long term investment of $130,000.00 into Sarvil Limited using a mixture of debt and micro-equity to expand their business, upgrade their production facilities, improve the distribution networks and facilities.

Sarvil Limited (formerly Sarvil Enterprises), commenced business October 14, 2011 and was incorporated April 28, 2012. Sarvil started a business relationship with RegCharles Finance and Capital Limited in August 2012 and since then has demonstrated a strong capacity to managing funds and improving their access to markets and opportunities. Being a small and growing business the company was struggling to survive amidst harsh business environment and lack of infrastructure supposed to enhance their competitiveness in the challenging market.

Speaking at the handover ceremony of the improved facilities, the MD/CEO Peter Damian Mbama explained the rationale and justifications behind the decision to invest in the business. “Hygienic water production is a viable business in Nigeria and can generate huge returns in excess of 30% per month. The market is colossal amidst the dearth of affordable and clean water in the country”. Mr Mbama went further to state that as a non banking financial institution licensed by CBN, RegCharles is at the forefront of empowering entrepreneurs and business owners in the MSME segment to achieve their goals in life. MSMEs remain at the pivot of the survival of any economy in the world. They remain the highest employers of labour and contribute over 50% GDP besides the huge employment opportunities available. He explained that Sarvil is one out of over 70 entrepreneurs that have benefitted from our business model.

At RegCharles Finance and Capital Limited we focus on financing and empowering Small and Medium Scale Enterprises in various sectors of the economy as well as Agriculture and Agro Allied Businesses in Nigeria. RegCharles Finance and Capital Ltd is renowned for her Social and Impact Investment capacity focusing on Micro, Small and Medium Scale Enterprises. I