Banks with eye on the future are taking steps to provide services that meet the business needs of women entrepreneurs. Access Bank Plc has organised ‘Power Breakfast With W’ where its Chief Executive Officer, Herbert Wigwe, met with leading women entrepreneurs for a feedback on the lender’s services. He promised to ensure that women-led businesses not only get credit, but also learn how to build sustainable businesses that can be passed to the next generation, reports COLLINS NWEZE.
That women control a large portion of global wealth is no longer news. From oil and gas, banking and fashion to agriculture and education, women have proven their mettle in the business world.
Women-led businesses constitute a large part of banks’ balance sheets and stream of income. Access Bank Plc last week met with many leading women entrepreneurs, seeking a feedback on its services and how the bank could serve them better.
The meeting titled: Power Breakfast Meeting with W, which was held at the bank’s headquarters in Lagos, was attended by women entrepreneurs.
Access Bank Group Managing Director/Chief Executive Officer (CEO) Herbert Wigwe said the lender would continue to support women-led businesses in funding, training, and provision of tailor-made banking services.
The bank chief also disclosed that lending to women presented little or no risks to his bank as they have over the years paid back their loans.
Wigwe said the lender has not recorded any bad loan from the several loans it granted to women-owned businesses, adding that the bank started the ‘W’ Initiative to empower women and women-owned businesses to succeed.
He said: “When women are involved, things get better. The ‘W’ Initiative is to empower and inspire women. We do not even have one per cent bad loans for supporting women. We are committed to ensuring that women succeed in their businesses”.
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