More than 500 unbanked women in Abuja’s Dutse/Bwari Area Council have been given financial independence thanks to the Strategic Outreach Support, a tax-exempt group and leading financial institution.
In accordance with a statement provided to our correspondent on Friday, the “Market Women Support Fund Initiative” outreach project enables cash to be provided to market and local women traders to enhance the ease of doing business.
“The Market Women Support Fund, MWSF, operated by the Strategic Outreach Support in cooperation with Zenith Bank, has benefited over 500 women, including food vendors, retail provision merchants, and farm product traders.
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“The capital funding exercise which is ongoing and would cover every local government area of the federation, saw a very large turnout of women and women trade associations in Dutse/Bwari, started with an account registration exercise facilitated by zenith bank. Over 500 unbanked women had new accounts opened and credited with the sum of N10,000 naira – funding made available by Strategic Outreach Support,” part of the statement read.
The statement also noted that the project will circulate to the five area councils in Abuja before spreading to other parts of the country.
It added that a seminar to promote the establishment of funding for market women to boost trade of small/medium scale enterprises, to also cushion the adverse effect of the global economic challenges, titled “Influencing Global Policy Implementation for Sustainable Development” will hold on May 19, 2023.
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