Access Bank commits to supporting female entrepreneurs
Access Bank has reaffirmed its commitment to helping aspiring female entrepreneurs achieve their ambitions.Access Bank has reaffirmed its commitment to helping aspiring female entrepreneurs achieve their ambitions.
Okey Nwuke, executive director of its institutional banking division, noted that the firm has significantly increased the number of loans to female-owned enterprises since 2007, Microfinance Africa reports.
He stated that supporting women business owners is a key part of its operations, hence the expansion of its Gender Entrepreneurship Markets programme in the last few years.
This has led to many receiving the training they require to help them expand their ventures.
Mr Nwuke said the programme has already yielded positive results in Rwanda, Gambia and Nigeria, and should hopefully do so soon in Ghana, the Democratic Republic of Congo, Sierra Leona and Zambia.
However, he noted that the ability of women to access finance is still being constrained by a number of factors, such as the view that females put weak business plans in place, do not plan strategically and lack sufficient collateral for loans.