W Power Loan

Our W Power Loan is a financing scheme specially designed to provide financial support for all female owned businesses

An 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.

Loans are granted in two broad areas:

  • 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
  • This is our approach to closing the financial gap faced by female owned businesses and ensuring that we create more businesses that are structured, positioned for financing and sustainable.
  • Our W Power Loan is available to businesses that have been registered with CAC and operational for at least one year. The W Power Loan has 2 variants:
        - W Power Time or Term loan
        -  W Power Vehicle Loan - Brand New Vehicles, Pre-Owned Vehicles, Equity Release


Other Terms and Conditions, including credit checks may apply.

The W Power Time / Term Loan Eligibility Criteria Include


DescriptionTier 1Tier 2Tier 3Tier 4
Business Definition/Ownership

- Businesses with at least 50 percent female ownership/stake.

  • - Businesses where a woman owns 20-50 percent shareholding and has a woman as its CEO or COO.

Years of operation
5yrs
3yrs
1yr
Loan Amount Eligibility
Subject to business turnover
Tenor
  • - Working Capital - 12 months
  • - Asset Acquisition/Business Expansion - 36months

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
  • - Credible Guarantor for loans up to N10 million
  • - All Asset Debenture
  • - Legal mortgage or transfer of ownership of shops


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

For other offerings

Join The W-Community today.

Join the community

Latest News

Access Bank UK Expands Footprint with New Hong Kong Branch Access Holdings Donates Over ₦1 Billion to Support Flood Relief Efforts in Maiduguri Access Bank PLC obtains approval-in-principle to establish a banking subsidiary in Namibia. Access Pensions Limited merges with ARM Pensions Managers (PFA) Limited and becomes Access ARM Pensions Limited. Access Bank Satisfies Legal Requirements on Acquisition of BancABC Tanzania Company to Now Operate as Access Bank Tanzania Limited