By Adedapo Adesanya
A partnership aimed at helping women, especially smallholder farmers, with financial growth services has been entered into between FBNQuest and HerVest NG.
Through this collaboration, under-served and excluded Nigerian women will enjoy financial services like target savings, impact investing and credit financing.
The reason for this partnership is to strengthen the capacity of urban and peri-urban women in making decisive impact investments, particularly the small-scale farmers who mostly lack access to capital and market.
By addressing the $15.6 billion gender gap in agriculture, providing growth opportunities for specific crops, grain banking, and provision of digitized e-extension services to female small-scale farmers in rural areas, cooperative members at HerVest earn competitive returns while strengthening the financial capacity of female farmers through access to capital, training sessions, and markets.
This partnership with HerVest was established as an innovative approach toward educating and empowering women on the importance of growing their businesses through proper financial planning.
The overall objective is to ensure women imbibe smart investment and financial planning habits, in order to enable them to be more deliberate about preparing for the future and achieving their short, medium, or long-term financial goals.
Commenting on the alliance, Mr Kayode Akinkugbe, Managing Director/CEO, FBNQuest Merchant Bank stated, “We believe strategic partnerships are an important tool for achieving real impact, and we are committed to collaborating with reputable organisations to deliver wider and more sustainable results across our different businesses”.
“We started this partnership to help women become more aware and confident about growing their wealth because we know there is an immense opportunity for economic growth and social impact when more women plan towards their future,” he added.
HerVest’s mission is to improve the lives of women through greater access to and use of financial services and through this partnership, FBNQuest continues to support the community in building long-term wealth and creates opportunities to connect to the financial solutions many women are looking for as they grow in their businesses.
