Unity Bank Partners Women Groups As 5,000 Members Benefit From Yanga Product
As part of activities to mark the 2024 International Women’s Day, Unity Bank Plc and the Association of Nigerian Women Business Network, ANWBN, have partnered to reach out to over 90 women groups across Nigeria through the Yanga Account.
At a forum held in Abuja, Unity Bank unveiled the Yanga account to the women’s group, providing opportunities for the members to benefit from the enhanced product packages targeted at women entrepreneurs with capacity building, MSME financing schemes, affordable health insurance and cash management.
Speaking at the event themed: “Building Sustainable Entrepreneurial and Financial Skills for Women in Challenging Times,” the Divisional Head of Retail & SME Banking at Unity Bank Plc, Mrs. Adenike Abimbola said no fewer than 5,000 women have benefited from the Bank’s partnership with the association through the Yanga savings account offering.
Launched in 2021, the Yanga Savings Account is targeted to boost Nigerian women entrepreneurs, promote their businesses, and improve their skill set, while providing them with access to micro-loans and health insurance.
“The partnership with ANWBN has successfully led to the empowerment of Nigerian women with skills and credit facility with a single digit interest-free loan, which has so far expanded the MSME circle in Nigeria,” Adenike said.
Also speaking, the National Coordinator, ANWBN, Angela Ajala said the association comprises over 90 women business groups with over 5 million members. She commended Unity Bank for its support and noted that Yanga’s offering resonates with the need “to equip women with the tools, resources, and knowledge needed to thrive as entrepreneurs and financial leaders”.
Recall that Unity Bank recently partnered with SkillPaddy to empower no fewer than 1,000 female beneficiaries in Software Engineering Training, also as part of initiatives to mark International Women’s Day 2024.
