Unity Bank Seeks To Improve Women SMEs In Nigeria, Launches Yanga Account
Unity Bank PLC is seeking to improve Small and Medium Enterprises (SMEs) of women in Nigeria through training, Investment encouragement and micro-financing.
Speaking in Mararaba, Nasarawa State, on Tuesday, at the launch of the Yanga account, the Managing Director of Unity Bank Plc, Mrs Tomi Somefun, said “the Yanga Account is an extremely important step for us as a Bank because it is one step that brings our services closer to my fellow Nigerian women as Unity Bank makes the efforts to further expand its retail footprints in the market.
“At Unity Bank Plc, we have devoted the past few years to constantly innovating with banking solutions to enable us to drive more financial inclusiveness in different market segments, but the Yanga Account is introduced as a bold attempt to directly cater to women and their respective businesses.
As recent research by Enhancing Financial Innovation & Access (EFInA) has shown, Women need economic opportunities if countries are to realise the full potential of their human capital. Financial inclusion can benefit individuals, families, and businesses, supporting key outcomes such as GDP growth” She stated.
Somefun explained that the “Yanga Account is a woman-centric product that is targeted at empowering women-owned micro small and medium enterprises, MSMEs (both new and existing businesses).
“The benefits for signing up to Yanga Account is what we have summed up as ‘The Yanga Experience’. What this means is that as we target every woman in our mass-market retail space, they will enjoy many benefits including stress-free savings and investment, access to the services of dedicated Sales Agents, Agency Banking services close to the location of their businesses, special business seminar and training on how to grow business, access to microloans, customized debit cards and other bundled e-banking products.
“Yanga account will also be incorporating an affordable Health insurance scheme not only as a part of the product bouquet underpinning the Bank’s belief in health and wellness which translate to wealth creation but also to drive insurance penetration which is presently at 2 per cent in Nigeria.
