Updated: Jul 2
As Access Bank Plc through its W Initiative works to make loans easily accessible to women, other challenges to accepting the loan offers are becoming more apparent.
Female entrepreneurs are still hesitant with reasons such as the fear of being unable to repay, lack of spousal support, inability to understand the type of loan that best meets the need of their business among other issues.
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With the recent introduction of the W Power Loan, female owned businesses can now request a loan from the Bank just after 30 days of operating an account. The package comes with benefits such as business advisory services, a flexible repayment period and a low interest rate as well as flexible security options, to ease the minds of the passionate business owners.
While the Bank has put measures in place to dispel some of the fears about taking a loan, there are ways female entrepreneurs can position their businesses to access loans.