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Thursday, September 24, 2020 / 02:50PM /Polaris Bank / Header Image Credit: Polaris Bank
Polaris Bank has pledged that its Polaris Pearl
account will equip women entrepreneurs with the requisite knowledge, skills,
and support to run their businesses profitably.
The Bank announced that following from its
interaction with women across the country, it has discovered that most of them
are unable to access finance to either stabilize or scale their businesses
mainly because of a lack of awareness on how to leverage bank funding to drive
and sustain profit. It notes that this finding is contrary to the popularly,
but erroneously held view that unavailability of finance is the main challenge
facing the average business woman.
Speaking further on the benefits of the Polaris
Pearl Account, the Bank's Group Head, Products and Market Development, Mrs.
Adebimpe Ihekuna, explained that lack of proper guidance on access to
opportunities is also a major hindrance to women in their entrepreneurial
ventures. She noted that "we have carefully designed Polaris Pearl Account
for women or groups of women entrepreneurs who initiate, organize, and operate
a business enterprise to fulfill an existing need for the purpose of making
profit."
Furthermore, she affirmed that "with Polaris
Pearl, Women Entrepreneurs do not only have access to collateral-free loans but
are also regularly supported in understanding vital aspects of business
development such as business training, business tips and positioning for new
opportunities. We also support them with requisite skills on emerging local and
global trends that may impact their businesses".
She also said that "many women entrepreneurs
who have embraced the Polaris Pearl product have so far enjoyed numerous
incentives such as business name registration, health check, business plan
development, and a host of other value-adding benefits."
Speaking on the value proposition of the Polaris
Pearl, the Bank's Acting Managing Director/CEO Mr. Innocent Ike, explained that
"Polaris Bank is a member of the United Nations Environment Programme
Finance Initiative (UNEP FI) and hence a critical stakeholder in the global
conversation about gender inclusion and women empowerment especially in
enhancing their access to finance and business opportunities." He
explained that the empowerment of Nigerian women constitutes one of the six
pillars of Polaris Bank's corporate citizenship and Sustainability focus.
Polaris Pearl account can be opened through the
Bank's account opening portal at https://accounts.polarisbanklimited.com/opening/ or visit any of our
SurePadi agents in your neighbourhood, as well as any Polaris Bank branch
closer to you.
Polaris Bank is a future-determining Bank
committed to delivering industry-defining products, and services, across all
sectors of the Nigerian economy.
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