The womenfolk in Nigeria, especially in the banking sector, have been giving their counterparts on the other side of their gender an equal run for their money.
Gone are the days when the banking world in Nigeria was predominantly dominated by the men, from the lower rungs of the officer cadre to the highest level of management. These days several young ladies with strong and solid academic and professional pedigrees, now occupy sensitive and very demanding positions, hitherto occupied by the men. One of these industrious women is Tracy Batta, who recently emerged on Forbes Africa’s 30 under 30 lists.
Tracy is the co-founder, SmoothieExpress, and a W Power Loan beneficiary and she has been helping female businesses grow through discounted access to finance is one of the many unique value propositions under the Access Bank’s W Initiative.
Tracy Batta co-owns Smoothie Express, a healthy focused brand known for providing consumers with healthy fast foods. Prior to her recognition under the 2020 class of Forbes Africa’s 30 under 30, Tracy was recognized under Business Day’s Top100 Fastest Growing SMEs. She has since grown to become a household name in Lagos.
Since its launch in 2018, the W Power loan has impacted the businesses of growing female entrepreneurs with N14bn for expansion whilst seeking opportunities and exposure to the global market.
Speaking on the impact of the W Power Loan on female-owned businesses, Ada Udechukwu, Head, Women Banking at Access Bank says, “ensuring access to affordable finance for SMEs and opportunities to access new markets is an integral part of Access Bank’s economic ecosystem for SMEs. Since the introduction of the W Power Loan, more women can now sit at the helm of entrepreneurial affairs and grow their businesses to be internationally recognized. We strengthen female-owned SMEs in Nigeria by being a pillar for them to lean on for growth and expansion.”
Access Bank’s support for female-owned home-grown businesses is undeniable and this is evident in the resultant benefits from its discounted financing initiative, The W Power Loan.