.Female entrepreneurs now have more reasons to be happy and
succeed with a discounted financing solution known as the “LSETF-W Initiative
Loan”.
The “LSETF- W Initiative loan” is a financing scheme for
female traders/MSME’s operating in Lagos state regardless of their state of
origin. This means applications from non-indigenes who are resident in Lagos
and own at least 50% ownership in either start-ups, micro-enterprises, or small
and medium enterprises will be accepted for consideration.
Teju Abisoye, Executive Secretary-LSETF said;
“The efforts of Access Bank’s W Initiative for collaborating
with the Lagos State Employment Trust Fund (LSETF) on this laudable funding
scheme is commendable.”
“The LSETF was set up in 2016 to address unemployment in
Lagos State. It does this strategically by providing affordable financing to
MSMEs in the State to increase their productivity and expand in such a way that
they can employ more people. With the LSETF-W Initiative loan, we will not only
be able to tackle financing gaps for female businesses but also make it
affordable for them to thrive in the state”.
Ayona Trimnell, Group Head, W Initiative, Access Bank Plc.
said;
“Many individuals especially women have encountered
challenges in doing business which includes limited access to funding. This
funding challenge has deepened with the pressure of the pandemic situation on
the economy. Our response to this plight is to make available the LSETF- W
Initiative loan which is rightly positioned to tick all the boxes for our
female entrepreneurs.”
“The LSETF-W Initiative loan is highly competitive at 10%
per annum, requires no collateral (fixed property), and can be repaid over a
period of 24 months. This is an amazing opportunity for women-led businesses
and we can’t wait to support over 4,000 female businesses with this fund.
Interested applicants can apply through the LSETF loan portal via
apply.lsetf.ng.”
Ayodele Olojede, Group Head Emerging Business, Access Bank
Plc. said;
“We understand the nitty-gritty of doing business which goes
beyond just having capital hence, many businesses require proper structure,
online presence, mentors, access to market and networking opportunities to
survive in the first 5 years of business operations. Access Bank desires to
take the pressure off you in so many ways to enable you grow and succeed in
your desired business path.”