Polaris Bank has disbursed loans to nearly 20,000 beneficiaries across various sectors, aiming to address the financing gap and provide essential support to female entrepreneurs. This initiative is expected to help these entrepreneurs thrive, expand their operations, and contribute to the economic growth of the nation.
The loans have impacted sectors such as transportation, agriculture, education, construction, engineering, general commerce, health, hotel and leisure, manufacturing, and media. Polaris Bank’s loan offerings stand out due to their quick turnaround time, instant disbursement, flexible terms and conditions, competitive pricing, financial education, mentorship, and other value-added features.
Polaris Bank envisions a future where female-owned businesses play a significant role in driving economic progress, innovation, and job creation. The bank firmly believes that empowering women entrepreneurs will contribute to a more prosperous and equitable society. In line with this commitment, Polaris Bank celebrated International Women’s Day (IWD) with a webinar titled “Advancing Women Empowerment through the Adoption of Technological Innovation and Digital Education.” During the webinar, the availability of single-digit interest loans for women entrepreneurs who meet the set criteria was emphasized.
Speaking about the initiative, Nduneche Ezurike, Polaris Bank’s Group Head of Brand Management and Corporate Communication, expressed the bank’s dedication to building an inclusive economy that provides opportunities for all. Recognizing the immense talent and potential of women entrepreneurs, Polaris Bank aims to break down barriers and provide the necessary financial support for women-led businesses to flourish.
Women entrepreneurs interested in scaling their businesses to the next level are encouraged to visit Polaris Bank’s website or contact their nearest branch to learn more about the application process and eligibility criteria.
Polaris Bank has received recognition for its digital banking services, being awarded the Digital Bank of the Year in 2021 and 2022 in BusinessDay’s Banks And Other Financial Institutions Award (BAFI). Additionally, the bank has been acknowledged as the best MSME Bank for its effective use of technology in providing support to the micro, small, and medium enterprises (MSME) sector.