Access Bank invests N14bn in female-owned SMEs in Nigeria

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celebrates Tracy Batta
With a focus on boosting Nigeria’s female entreprenuership growth through discounted access to finance is one of the many unique value propositions of she-economy. Access Bank’s W Initiative is celebrating Tracy Batta, co-founder, Smoothie Express and a W Power Loan beneficiary recently emerged on Forbes Africa’s 30 under 30 list.

Tracy Batta co-owns Smoothie Express, a healthy focused brand known for providing consumers with healthy fast foods. Prior to her recognition under the 2020 class of Forbes Africa’s 30 under 30, Tracy was recognized under Business Day’s Top100 Fastest Growing SMEs. She has since grown to become a household name in Lagos.

Launched in 2018, Access Bank’s W Initiative Power loan has impacted Nigeria’s evering growing sector of businesses owned by female entrepreneurs with N14bn for expansion whilst seeking opportunities and exposure to the global market.

According to thoughts on impact of the W Power Loan on female owned businesses, Ada Udechukwu, Head, Women Banking at Access Bank says, “Ensuring access to affordable finance for SMEs and opportunities to access new markets is an integral part of Access Bank’s economic ecosystem for SMEs.

Since the introduction of the W Power Loan, more women can now sit at the helm of entrepreneurial affairs and grow their businesses to be internationally recognized. We strengthen female-owned SMEs in Nigeria by being a pillar for them to lean on for growth and expansion”.

Access Bank’s support for female-owned home-grown businesses is undeniable and this is evident in the resultant benefits from its discounted financing initiative, The W Power Loan.