• Sunday, May 19, 2024
businessday logo


ANWBN, Unity Bank support 90 female groups on financial inclusion

ANWBN, Unity Bank support 90 female groups on financial inclusion

The Association of Nigerian Women Business Network (ANWBN) has partnered with Unity Bank Plc to reach over 90 women’s groups across Nigeria to unveil the Yanga account in Abuja.

According to a statement, the partnership was launched as part of activities to mark 2024 International Women’s Day.

Read also: Unity Bank outlines plans to reverse 9M’23 negative positions

“This provided opportunities for the members to benefit from the enhanced product packages targeted at women entrepreneurs, with capacity building, MSME financing schemes, affordable health insurance, and cash management included,” a lender said.

Adenike Abimbola, divisional head of retail & SME banking at Unity Bank, said at the event themed ‘Building Sustainable Entrepreneurial and Financial Skills Women in Challenging Times,’ that no fewer than 5,000 women had benefited from the bank’s partnership with the association through the Yanga savings account offering.

She added that the Yanga Savings Account was launched in 2021 and it aims at boosting Nigerian women entrepreneurs, promoting their businesses, and improving their skill set while providing them with access to micro-loans and health insurance.

“The partnership with ANWBN has successfully led to the empowerment of Nigerian women with skills and credit facility with a single digit interest-free loan, which has so far expanded the MSME circle in Nigeria,” Abimbola said.

According to Angela Ajala, National Coordinator of ANWBN, the association comprises over 90 women’s business groups with over five million members.

She commended Unity Bank for its support and noted that Yanga’s offering resonated with the need to equip women with the tools, resources, and knowledge needed to thrive as entrepreneurs and financial leaders.

“Unity Bank recently partnered with SkillPaddy to empower no fewer than 1,000 female beneficiaries in software engineering training, as part of initiatives to mark International Women’s Day 2024,” she said.