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Introducing
Business Finance
Closing financing gap for women
An African proverb says, “if you strike a woman, you strike a rock”, reminding us of the power of women. That’s why we’ve created the W Power Loan, designed to close the financing gap for female owned businesses by providing access to loans and credit facilities.
It’s perfect for all registered female owned businesses with at least 1 year of business operation.
A female owned business is defined as a CAC registered business with at least 20% female shareholding and has a woman as the CEO or COO as well as account signatory. This is our approach to closing the financial gap faced by female owned businesses and ensuring that we create more businesses that are structured, positioned for financing and sustainable.
The W Power Loan can be utilised for working capital, asset acquisition and business expansion. The W Power Time / Term Loan Eligibility Criteria Include:
- Interest rate as low as 15% to 20%(subject to female business shareholding)
- Access to up to N10million with no tangible collateral required
- Credit life Insurance of 0.5%
- Flexible repayment tenor of up to 12 months for working capital and 24 to 36 months for asset purchase and business expansion
- One off fee of 2% (1% each for management and advisory fee)
- Access to business capacity building session and lots more…