Get Up to ₦50,000 to ₦5Million Business Loan if you have small business In Nigeria Access Bank through the W initiative had empowered some women-owned small and medium enterprises (MSMEs) in Surulere, Lagos during the October grassroots engagement series.
The W Initiative is committed to inspiring, connecting and empowering women. In 2019, Access Bank and LSETF (Lagos State Employment Fund) launched a N2 billion matching fund loan program to support women-owned businesses operating in Lagos State.
This loan program targets start-ups, micro enterprises as well as small and medium enterprises with loans from N50,000 to N5 million.
As a way of raising awareness and bridging the information gap, the W Initiative teams from Access Bank and LSETF embarked on a series of grassroots meetings in the month of October to sensitize women entrepreneurs residing in Lagos on the availability of the facility, the procedures as well as related requirements.
Opening the session, W Initiative Team Leader, Abiodun Olubitan said, “women are a driving force in the Nigerian economy but their access to finance is very little. Access Bank therefore partnered with LSETF to bridge the gap. This initiative will increase the contribution of women-owned businesses to the Nigerian economy and can have a significant developmental impact.
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