CSR

Polaris to Empower Female Entrepreneurs

Reps directs CBN to suspend sale of Polaris Bank

Polaris Bank has pledged that its Polaris Pearl account will equip women entrepreneurs with the requisite knowledge, skills, and support to run their businesses profitably.

The bank announced that following from its interaction with women across the country, it has discovered that most of them are unable to access finance to either stabilise or scale their businesses mainly because of a lack of awareness on how to leverage bank funding to drive and sustain profit.

It therefore noted that the finding was contrary to the popularly, but erroneously held view that unavailability of finance is the main challenge facing the average business woman.

Read:  Afrinvest CEO to inaugurate N100m school project.

Speaking on the value proposition of the Polaris Pearl, the Bank’s Acting Managing Director/CEO Mr. Innocent Ike, explained that, “Polaris Bank is a member of the United Nations Environment Programme Finance Initiative (UNEP FI) and hence a critical stakeholder in the global conversation about gender inclusion and women empowerment especially in enhancing their access to finance and business opportunities.”

He explained that the empowerment of Nigerian women constitutes one of the six pillars of Polaris Bank’s corporate citizenship and Sustainability focus.

Speaking further on the benefits of the Polaris Pearl Account, the Bank’s Group Head, Products and Market Development, Mrs. Adebimpe Ihekuna, was quoted in a statement from the bank to have explained that lack of proper guidance on access to opportunities is also a major hindrance to women in their entrepreneurial ventures.

Read:  Paga, Whitefield Foundation partner to assist MSMEs.

She noted that, “we have carefully designed Polaris Pearl Account for women or groups of women entrepreneurs who initiate, organize, and operate a business enterprise to fulfill an existing need for the purpose of making profit.”

Read:  YouTube Music and YouTube Premium launch in Nigeria

Furthermore, she affirmed that, “with Polaris Pearl, Women Entrepreneurs do not only have access to collateral-free loans but are also regularly supported in understanding vital aspects of business development such as business training, business tips and positioning for new opportunities. We also support them with requisite skills on emerging local and global trends that may impact their businesses.”

thisdaylive

Related posts

SAHCO Partners Africa Agility Foundation Girls In Tech Progamme.

NigGal

Airtel Kicks Off ‘Five Days Of Love’ Annual Initiative In Lagos

NigGal

Patoranking launches scholarship programme for less privileged

NigGal

Orange Mali and the German Cooperation Inaugurate the 4th Orange Digital Center in Africa and the Middle East.

NigGal

HACEY, US Consulate, Access Bank Launch End Rape Campaign.

NigGal

Mouka provides comfort to Nigerians Isolation Centres, donates 700 mattresses

NigGal

Leave a Comment