Head, Women Banking at Access Bank, Ada Udechukwu has said that since the introduction of the ‘W Power Loan’, more women can now sit at the helm of entrepreneurial affairs and grow their businesses to be internationally recognized.
Speaking on the impact of the W Power Loan on female owned businesses in Nigeria, Udechukwu noted that the bank has strengthened female-owned Small and Medium scale Enterprises (SMEs) in Nigeria by being a pillar for them to lean on for growth and expansion.
Since its launch in 2018, the W Power loan has impacted the businesses of growing female entrepreneurs with N14billion for expansion whilst seeking opportunities and exposure to the global market.
In a statement from the bank, she said, “Ensuring access to affordable finance for SMEs and opportunities to access new markets is an integral part of Access Bank’s economic ecosystem for SMEs.
According to the statement, Access Bank’s support for female-owned home-grown businesses is undeniable and this is evident in the resultant benefits from its discounted financing initiative, the W Power Loan.
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Helping female businesses grow through discounted access to finance is one of the many unique value propositions under the Access Bank’s W Initiative.
Access Bank said Tracy Batta, co-founder, Smoothie Express and a W Power Loan beneficiary recently emerged on Forbes Africa’s 30 under 30 list.
Tracy Batta, co-owns Smoothie Express, a healthy focused brand known for providing consumers with healthy fast foods.
Prior to her recognition under the 2020 class of Forbes Africa’s 30 under 30, Tracy was recognized under Business Day’s top100 fastest growing SMEs, and has since grown to become a household name in Lagos.
