Sterling Bank Plc has committed to extend credit facilities worth N1 billion to businesses founded by women across the country with a free interest rate for the first 30 days.
Managing Director, Sterling Bank Plc, Mr. Abubakar Suleiman, who spoke at the fifth Women Founders Conference in Kano, said the bank is also prepared to invest another $100,000 in the next two years in such female-owned businesses.
He told the audience that as entrepreneurs, the women will always be exposed to diverse opinions but they should always remember why they set up those businesses in the first place.
According to him, the best business is that which is set up to solve a problem
Head, Sterling’s OneWoman proposition, Ifunanya Ugboko, noted that the collaboration with the Women Founder’s Conference was an evidence of Sterling Bank’s commitment to enriching women’s lives.
She said Sterling Bank, through the OneWoman offering, has created dedicated discounted business loans, support facilities, and capacity-building programs for businesses founded for and focused on women.