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Wema Bank Announces N8.9 Billion Uncollateralized Loans for Women

Blessing Joseph by Blessing Joseph
March 13, 2024
in Business, Financial Services, News
0
Wema Bank Announces N8.9 Billion Uncollateralized Loans for Women
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Moruf Oseni, the managing director/CEO of Wema Bank plc, has emphasized the importance of gender equity in the workplace while announcing a significant allocation of N8.9 billion in uncollateralized loans for women by the bank.

Speaking at the Wema Bank International Women’s Day (IWD) program themed “Empowerment through Finance,” Oseni reaffirmed the bank’s commitment to supporting, promoting, and empowering women to achieve their goals.

He underscored the necessity of inclusivity and equality in the workplace, highlighting the crucial role women play in driving organizational success. Oseni emphasized that Wema Bank is intentional about recruiting and nurturing female talent, ensuring they have equal opportunities for growth and development alongside their male counterparts.

Oseni elaborated on Wema Bank’s initiatives tailored specifically for women, such as the SARA for Women proposition, which provides a range of products including mentoring, coaching, and financial support. He emphasized the bank’s dedication to not only providing financing but also ensuring the success and societal impact of businesses run by women.

Furthermore, Oseni emphasized the importance of encouraging more women to pursue careers in Science, Technology, Engineering, and Mathematics (STEM) and be represented in the digital space, recognizing the transformative potential of women in these fields.

Chairman of Wema Bank Board of Directors, Oluwayemisi Olorunshola, reiterated the bank’s commitment to empowering women through its female-focused proposition, SARA. She highlighted the positive impact of SARA in transforming lives by providing various resources for personal and professional success.

Overall, Wema Bank’s initiatives and commitments reflect its dedication to fostering an inclusive environment where women can thrive and contribute meaningfully to societal and economic development.

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