W Power Loan
Our W Power Loan is a financing scheme specially designed to provide financial support for all female owned businesses
Open an account nowAn African proverb says, “If you strike a woman, you strike a rock”, reminding us of the power of women.
For this reason, we created the W power loan. It is specially designed to close the financing gap for female-owned businesses by providing access to loans and credit facilities.
Term Loan: meant for asset acquisition and infrastructure upgrades, use this loan to buy machinery, equipment and all other fixed assets needed for your business.
Working Capital: use this loan to purchase raw materials or settle other daily operating expenses of the business.
To learn more about the W Power Loan, call our hotline 1-2273005. or
Read FAQs| Description | Tier 1 | Tier 2 | Tier 3 | Tier 4 |
|---|---|---|---|---|
| Business Definition/Ownership | - Businesses with at least 50 percent female ownership/stake.
| |||
| Years of operation | 5yrs | 3yrs | 1yr | |
| Loan Amount Eligibility | Subject to business turnover | |||
| Tenor |
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| Loan amount | - Minimum - N1Mn - Maximum – N100Mn | |||
Equity Contribution for Asset Acquisition/Business Expansion | 20% | |||
| Interest Rate | - Businesses that are 100% owned and managed by women - 20%p.a - Businesses with 51% - 100% female shareholding AND active participation in operations and finance of business (CEO or COO)-20%p.a - Businesses with at least 20% - 50% female shareholding AND active participation in operations and finance of business (CEO or COO)- 24%p.a | |||
| Security Options |
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| Business Coverage | All businesses | |||
| Facility Types | - Time Loan - working capital - Term Loan – Asset acquisition, Business Expansion | |||
To get started, kindly send a mail to wcares@accessbankplc.com
Download Frequently Asked Questions Here
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