Tier 1 lender, Access Bank Plc, says its financial target for 2022 is to lend around N100 billion to women-led businesses.
According to the group leader of the bank’s W initiative, Abiodun Olubitan, this is Access Bank’s way of including women-owned businesses more and developing them for a better growing economy.
Olubitan who was speaking on the sidelines of the International Women’s Day celebration organized by Access Bank in Lagos on Thursday, noted that the bank through the “W” initiative has been able to support several women for eight years while noting that 100,000 women have benefited from around N11 billion in volume from the initiative.
She said, “So in terms of financial targets for lending, we are aiming to do about 100 billion naira this year because we are going further to get more women-owned businesses in the inclusive net.”
She added that the bank offers several products for women including W power loan, Maternal Health Support Program (MHSS) and to date we have delivered approximately 7880 babies on MHSS within three months. his creation.
Olubitan went on to assure that Access Bank will continue its campaign for the “W” initiative and support and empower women across Nigeria and Africa in general.
Earlier in his opening remarks, Group Chief Executive, Access Bank Plc, Herbert Wigwe said the world needs more women on board to solve the many serious problems plaguing humanity.
Wigwe noted that the bank is in a standard position to support women, as even the board has almost 50% women. He explained that the “W” initiative goes all the way down to the grassroots and has programs for women such as the MHSS which is structured to help women experience the joy of motherhood and access various fertility treatments in specialized hospitals at subsidized rates.
“For us at Access Bank, we believe that women should be better served and deserve the same rights as men, deserve equal access to financial services because they represent the most dedicated talents that can be found in the world. “, did he declare.
Go to Bank Plc. is a leading full-service commercial bank operating through a network of over 600 branches and service points, spanning three continents, 12 countries and 31 million customers. The Bank employs 28,000 people in its operations in Nigeria and has subsidiaries in Sub-Saharan Africa and the United Kingdom (with a branch in Dubai, United Arab Emirates) and representative offices in China, Lebanon and India.
In July 2014, Access Bank unveiled the ‘W’ initiative to accelerate a new, stronger wave of previously rare women entrepreneurs in Nigeria. In addition to financial inclusion, the “W” initiative is a one-stop hub of all of Access Bank’s women’s empowerment offerings. Some of these include women-only capacity building programs, mentoring programs and maternal health services, all aimed at helping to build a bigger, stronger and more sustainable society. Under the “W” initiative, participating women and their families have access to a wide range of opportunities. Part of these privileges include access to loans and credit facilities; access to the “W” community where they can obtain information on family matters and financial matters. In addition, the “W” community also provides women with access to information on several value-added home specials, including specially discounted offers as well as health, beauty and fitness giveaways.