AG Mortgage Bank, in collaboration with Hacey Health Initiative, has announced the launch of the Empowering Societies Through Investment in Women (ES-TIW) initiative. This program dedicates ₦100 million to finance 500 Nigerian women-led businesses each year, providing single-digit interest loans aimed at nano, micro, and small-scale businesses, with loan repayment terms capped at 12 months.
During a media briefing, AG Mortgage Bank’s CEO, Ngozi Anyogu, explained that in addition to funding, beneficiaries will gain access to business education, mentorship, and support networks in small clusters of five. This setup encourages accountability and shared guidance, enabling these women to sustain and grow their ventures.
The program, launching in Lagos, Abuja, Edo, Delta, and Abia, will draw 60% of its beneficiaries from the Assemblies of God Church, as the church is a core stakeholder in AG Mortgage Bank.
Rhoda Robinson, Executive Director of HACEY Health Initiative, emphasized that the ES-TIW initiative aligns with their mission to foster a society where women have financial empowerment, while Deloitte’s Environmental, Social, and Governance (ESG) framework ensures a responsible and sustainable approach to funding.
