By Modupe Gbadeyanka
No fewer than 5,000 women have benefited from Unity Bank Plc’s Yanga savings account offering, a product tailored to support female business owners in the country.
The offering is packed with capacity building, MSME financing schemes, affordable health insurance and cash management.
The small lender has been able to reach out to the beneficiaries through about 90 women groups in collaboration with the Association of Nigerian Women Business Network (ANWBN).
At a forum held in Abuja themed Building Sustainable Entrepreneurial and Financial Skills for Women in Challenging Times, the Divisional Head of Retail & SME Banking at Unity Bank Plc, Mrs Adenike Abimbola, assured that the company would continue to support women.
“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,” she said.
Also speaking, the National Coordinator of ANWBN, Ms Angela Ajala, said the association comprises over 90 women business groups with over 5 million members.
She commended Unity Bank for its support and noted that Yanga’s offering resonates with the need “to equip women with the tools, resources, and knowledge needed to thrive as entrepreneurs and financial leaders”.
The Yanga Savings Account was launched in 2021 and was designed to boost Nigerian women entrepreneurs, promote their businesses, and improve their skill set while providing them with access to micro-loans and health insurance.
Recall that Unity Bank recently partnered with SkillPaddy to empower no fewer than 1,000 female beneficiaries in Software Engineering Training, also as part of initiatives to mark International Women’s Day 2024.