Access Bank, Lagos state Partners loan N10billion to Empower Women

By InstinctBusiness Sep 7, 20190

To foster the financial and economic growth of the country, the leading financial and commercial service provider, Access Bank Plc in alliance with the Lagos State Employment Trust Fund (LSETF) has launched the LSETF W Initiative aimed at economically empowering women in Lagos state.

Positively, the initiative which has a total loan portfolio of N10billion, is targeted at women-owned businesses (with at least 50% ownership share) in operation for 1-5 years.

In a statement, Access Bank Group Managing Director, Herbert Wigwe said: “Access Bank is fully committed to bridging the existing gap and provide women with the support they need to successfully implement their business ideas”.

He further stated that, “Looking at the number of women present here today, I don’t think the initial N4billion we set aside to help women will be sufficient and based on that, the initiative fund will be increased to N10billion.”

In addition, he said “Through partnerships with organization’s such as LSETF, Access Bank will continue to help women break boundaries, reinvent the status-quo and take advantage of opportunities provided by technology and quality financial systems to make significant impact on the economy of Lagos State and Nigeria as a whole.”