Polaris Bank Support Female-owned Businesses With N1bn Loan
Polaris Bank has commenced the disbursement of one billion naira business support loans to female- owned enterprises in the first quarter of 2023.
This is part of the bank’s commitment to supporting female –owned businesses through the provision of soft loans. According to the bank, about twenty thousand beneficiaries across different sectors of the economy have already been impacted with the loans
The sectors are Transportation, Agriculture, Education, Construction, Engineering, General commerce, Health, Hotel and Leisure; Manufacturing and Media.
Polaris bank says the gesture is to help female entrepreneurs thrive, expand their operations and contribute to the nation’s economic growth.
the bank’s group head, brand management and corporate communication, Nduneche e Ezurike, said, the bank is dedicated to building an inclusive economy that fosters opportunities for all.
He said “we recognize the immense talent and potentials of women entrepreneurs and understand the challenges they face; adding that the female- owned business loan window, aims at breaking down barriers and also, provide the financial support necessary for businesses being run by women to flourish”.