Cascador and Sterling Bank have introduced a $200 million SME Credit Backstop Fund to expand access to growth financing for Nigerian businesses, with the facility designed to support up to $1 billion in outstanding credit. The initiative targets small and medium-sized enterprises (SMEs) with proven growth potential that struggle to obtain commercial loans to expand operations, acquire productive assets and create jobs. The fund will share credit risk with participating finance partners, enabling lenders to offer eligible businesses larger loans with longer repayment periods. Cascador’s white paper, The Multiplier Model, highlights the...