Netherlands FMO through Access Bank empowers Women in SME in Nigeria

Women in Market in Lagos, Nigeria (Photo: Getty Images)

Women in Market in Lagos, Nigeria (Photo: Getty Images)

Access Bank Plc has reiterated its commitment to deepening the interest of women entrepreneurs by increasing it’s lending to female owned small and medium enterprises in the country.
This declaration was made by the Group Managing Director of the bank, Mr. Herbert Wigwe recently at this year’s women entrepreneurship day held at Access Bank’s head office in Lagos.

He told the gathering that the bank recently secured a $30 million facility to support Women Empowerment Fund (WEF).
Wigwe said in furtherance of the bank’s commitment to women empowerment and the creation of WEF, the bank and Netherland Development Finance Corporation (FMO), have agreed on lending to women SME.

Women at a Farm in Nigeria(Photo: NigeriaIntel)

Women at a Farm in Nigeria(Photo: NigeriaIntel)

He said the line of credit would provide financial resources to women-owned SMEs in the country. The facility, he noted, would also be utilised in providing capacity building, debt capital, support to women-owned businesses and promote the bank’s financial goal of reaching the unbanked through provision of cheap funding.

While congratulating women for the Women of West Africa Enteprenuership (WOWE) day’s celebration, Wigwe told them that the bank truly value them and would continue to inspire them in playing pivotal roles in the country’s development. He said: “We would equip you with all the skills required to help you run your businesses. We are also building a training centre where female entrepreneurs would be trained.

A Nigerian Entreprenuer in Lagos (Photo: Bellanaija-Unseen Nigeria)

A Nigerian Entreprenuer in Lagos (Photo: Bellanaija-Unseen Nigeria)

“We would equip you with the needed skills and we are taking you more seriously than any other bank in the Chairman of Montgomery West Africa, Mr. John Adeleke, the organiser of the one-day event.”
On his  part, Adeleke urged participants to note that “nothing can be good as keeping a good home. The best job in the world is home making. Your role is greatly underestimated. You must network and offer upcoming women a helping hand to step up.”Onyebuchi Ezigbo in Abuja

A woman selling produce in the market (Photo: UNDP)

A woman selling produce in the market (Photo: UNDP)

Original Story From Access Bank

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