Polaris Bank Lifts Female-Owned Businesses with N1 Billion Loans

<h4>Polaris Bank Lifts Female Businesses with N1 Billion Loans<&sol;h4>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that in a move towards fostering gender equality&comma; inclusiveness and economic empowerment&comma; Polaris Bank has announced the disbursement of business support loans to female-owned businesses in the first quarter of 2023&period; This is part of the Bank’s commitment to supporting women and female-owned businesses through the provision of soft loans&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>According to the Bank&comma; the disbursement of the loans which impacted close to 20&comma;000 beneficiaries across different sectors&comma; is aimed at addressing the existing financing gap and providing a vital boost to female entrepreneurs&period; This is expected to help them to thrive&comma; expand their operations&comma; and contribute to the nation’s economic growth&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>The sectors impacted include&colon; Transportation&semi; Agriculture&semi; Education&semi; Construction&semi; Engineering&semi; General Commerce&semi; Health&semi; Hotel &amp&semi; Leisure&semi; Manufacturing and Media&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Part of the major selling point for the loan at Polaris Bank are quick turnaround time&comma; instant disbursement&comma; Flexible Terms and Conditions&comma; Competitive pricing&comma; Financial Education and Mentorship&comma; amongst other value adding features&period; Polaris Bank envisions a future where female-owned businesses play an increasingly influential role in driving economic progress&comma; innovation&comma; and job creation&period; The bank firmly believes that empowering women entrepreneurs will contribute to a more prosperous and equitable society&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Within the quarter&comma; the Bank also celebrated the International Women’s day &lpar;IWD&rpar; with a well-attended webinar titled&colon; Advancing Women Empowerment through the Adoption of Technological Innovation and Digital Education”&period; During the webinar&comma; availability of a single digit interest loan was re-echoed to women entrepreneurs that meet the set criteria&period; This is in line with Polaris Bank’s commitment to the Nigerian Sustainable Banking Principles&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Speaking on the development&comma; Polaris Bank’s Group Head&comma; Brand Management and Corporate Communication&comma; Nduneche Ezurike&comma; said&comma; &&num;8220&semi;At Polaris Bank&comma; we are dedicated to building an inclusive economy that fosters opportunities for all&period; We recognize the immense talent and potential of women entrepreneurs and understand the challenges they face&period; Through our women and female-owned business loan window&comma; we aim to break down barriers and provide the financial support necessary for businesses being run by women to flourish&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Women entrepreneurs interested in scaling their business to the next level are encouraged to visit Polaris Bank&&num;8217&semi;s website&comma; www&period;polarisbanklimited&period;com or contact any of the Bank’s nearest branch to learn more about the application process and eligibility criteria&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Polaris Bank was adjudged Digital Bank of the Year in 2021 and 2022 in BusinessDay’s Banks And Other Financial Institutions Award &lpar;BAFI&rpar;&period; It also emerged as the best MSME Bank because of its ability to use technology to enable bottom-up support to the MSME sector&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>-END-<&sol;p>&NewLine;