Stanbic IBTC bank said it is set to empower women in business in the Stanbic IBTC Blue Blossom Community by providing a 50% concession on loan for female entrepreneurs.
The bank noted that the 50% concession on loan fees are for specific business loans with the exception of SME Lit Loan.
It said it designed the Blue Blossom Community for women who want to save more efficiently, diversify their investments, build sustainable businesses or careers, and protect their wealth and family while connecting with other women within the community.
The bank urged Nigerian women to take advantage of the loan for female entrepreneurs and other resources available through the Blue Blossom Community as the platform also offers training and capacity-building programs to help women entrepreneurs develop the necessary skills to succeed in business.
Asides providing access to funding, the programme also empowers women entrepreneurs through mentorship and networking opportunities.
Team Lead, Digital and Enablement, Modupe Banjoko, said the Blue Blossom community is beneficial to all women in business as it allows them access products from across the group, from loans to Investments to insurance, educational trusts.
The full range of Stanbic IBTC’s financial solutions she explained are readily available to women, particularly in terms of supporting them to build their businesses.