EcoBank Nigeria Launches Special Loan Package to Empower Female Entrepreneurs

Ecobank Wins Best Place To Work In Africa 2022 Award
Ecobank Wins Best Place To Work In Africa 2022 Award

Ecobank Nigeria has unveiled a special loan package, the Ecobank Female Entrepreneurs’ Initiative (EFEI) loan specially designed to financially empower female business owners and entrepreneurs in the country.

According to Head, Consumer Asset Product, Ecobank Group, Daberechi Effiong, the EFEI loan as conceived by the bank, is targeted at boosting small scale businesses owned by women, adding that it is a further demonstration of the importance the bank attaches to the role of women in sustainable development and contribution to the nation’s economy.

Mrs Effiong who is also the EFEI Coordinator explained that prospective female business owners could access credit with interest rates as low as 1 per cent, noting that the process for accessing the credit facility is easy and stress-free.

“The EFEI loan is one of our several ways of further encouraging female entrepreneurs in the country. As a bank, we believe empowering women will enable them to play their role better in society and the economy.

This loan would position them for increased participation, validation and contribution to their communities. The terms and conditions for accessing the loan are simple and easily such that many female entrepreneurs could readily avail themselves of the opportunity and grow their business.” She said.

She advised the women business owners to approach the bank online through its social media platforms or send a mail to [email protected] for the loan to boost their business, assuring them of Ecobank’s support and assistance in growing their business. gathered that EFEI was introduced by the bank to assist women business owners. Earlier in the year, Ecobank trained over 140 female business owners through the EFEI platform on digital marketing skills in its state-of-the-art Academy.

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This was a follow up to a two-day capacity building on cash flow management and EFEI business opportunities held last year.

The digital training drew participants from Lagos and its environs and they were exposed to seminars, networking events, loans, trade fairs and exhibition of customers’ products.