Stanbic IBTC Bank Offers 50% Loan Concession for Female Entrepreneurs

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has announced a discounted loan offer to empower female entrepreneurs in the Stanbic IBTC Blue Blossom Community.

The bank offers female-owned businesses a 50% concession on loan fees for specific business loans (*except SME Lit Loan) amongst other numerous benefits.

In a statement, Stanbic IBTC Holdings said it designed the Blue Blossom Community for women who want to save more efficiently, diversify their investments, build sustainable businesses or careers, and protect their wealth and family while connecting with other women within the community.

Stanbic IBTC Bank has urged Nigerian women to take advantage of the resources available through the Blue Blossom Community.

The platform offers training and capacity-building programs to help women entrepreneurs develop the necessary skills to succeed in business. Asides providing access to funding, the Blue Blossom Community also empowers women entrepreneurs through mentorship and networking opportunities.

Speaking to the offer, Modupe Banjoko, Team Lead, Digital, and Enablement, said the Blue Blossom community is beneficial to all women in business.

According to Banjoko, the offer allows female business owners to access products across the group, from loans to Investments to insurance, and educational trusts.

“The full range of Stanbic IBTC’s financial solutions are readily available to women, particularly in terms of supporting them to build their businesses”.

Banjoko further emphasized the importance of financial dignity, encouraging people to invest and save early while considering risk diversification to have a sustainable flow of income.

The Blue Blossom Community offers women free access to capacity-building sessions and special events. The diverse array of discounted financial and non-financial services available through the community allows women to achieve their financial goals and improve their financial literacy.

With this initiative, Stanbic IBTC sets an example for other financial institutions to follow with regard to providing more support for women in business.