Our Access W power loan supports women’s Health and Well being by encouraging financial freedom.Open an account now
An African proverb says, “If you strike a woman, you strike a rock”, reminding us of the power of women.
For this reason, we created the W power loan. It is specially designed to close the financing gap for female-owned businesses by providing access to loans and credit facilities.
Term Loan: meant for asset acquisition and infrastructure upgrades, use this loan to buy machinery, equipment and all other fixed assets needed for your business.
Working Capital: use this loan to purchase raw materials or settle other daily operating expenses of the business.
To learn more about the W Power Loan, call our hotline 1-2273005. orRead FAQs
Keep in mind, this loan is only available to women-owned businesses (at least 50% female ownership), managed by a woman.
|Description||Tier 1||Tier 2||Tier 3||Tier 4|
|Ownership||At least 50% female ownership|
|Tenor||12 - 36 months|
|Min Years of Operation||10yrs||5yrs||3yrs||1yr|
|Staff Strength||Min. of 20||Min. of 5||Min. of 5||Min. of 2|
|Annual turnover||Above 300mn||Above 100mn-300mn||Above 10m-100m||2m-10m|
|Security||Legal Mortgage||All Asset Debenture and Credible Guarantor plus Post-dated cheques||Credible Guarantor plus Post-dated cheques||Credible Guarantor plus Post-dated cheques|
|Scope of Facility|
1. Term loan for Asset Acquisition and Infrastructure Upgrade
2. Time Loan: Working Capital, Invoice Discounting, Purchase of Raw Materials, Stock in trade.
|Re-instatement period for a time loan||Within 48 hours after the clean-up of the cycle.|
Click HERE to download W Power Loan application form.
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