The Bank unveils a financial and investment support program for women entrepreneurs

By Aduragbemi Omiyale

An initiative to provide comprehensive financial and investment support to women entrepreneurs has been launched by Standard Chartered Bank Nigeria.

The two-pronged proposal called Women Banking and Women Winning with Wealth (WWWW) will provide quality financial and non-financial support to boost productivity and increase economic diversification for women in business and companies in which women are majority shareholders.

“We have done extensive research and the main objective is to ensure that we are closing the gender gap. Our proposals, based on several factors, include savings on corporate accounts where customers enjoy a zero percent maintenance fee on any corporate account they open.

“We have affordable loans of up to N20 million at reduced rates which are unsecured. We also have investment advisers who will hold one-on-one engagements with these business owners to help them grow their wealth,” the lender’s acting head of corporate banking, Ms Bisi Oke, said at the launch of the new offering at The Civic Centre, Victoria Island, Lagos on Tuesday 29th March 2022.

As part of its core objectives, Standard Chartered Bank intends to improve the lives of one billion people by unlocking the full potential of women in its core markets, with the focus being the creation of financial stability and pathways for women to achieve equity. access to financial support, especially for small businesses.

The bank is also committed to accelerating the delivery of quality financial services to women across all of its markets, deliberately connecting small and medium-sized enterprises (SMEs) to the international marketplace and building partnerships to expand reach and financial services scale.

Also speaking at the event, the Head of Corporate Affairs, Brand and Marketing, Ms. Dayo Aderugbo, explained that the aim of the program is to reduce gender inequality and empower the development of women. women through financial education, opportunity and stability.

She said the unique and well-researched offering will provide mentorship for women to start and grow their own business, increase their net worth, increase their investment capacity, achieve financial stability, and more.

“For us as women, there has never been a more important time to speak up and fight for success in the areas that matter most, including well-being, security, financial stability, freedom and , above all, to be the best version of ourselves. .

“At Standard Chartered, we also recognize that we need to lean into this moment, to support and accelerate change, innovation and transformation that benefits every human being, especially women,” she said.

The Bank’s Affluent Banking Manager, Mrs. Chima Ebor, in her presentation, acknowledged that it is difficult for women to succeed without financial empowerment.

“But what we’re saying is that you don’t have to marry rich to be successful; you can have a solid financial education to build your wealth. We focus on women because when you train a man, you train an individual, but when you train a woman, you train a nation,” she said.

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