Helping female businesses grow through discounted access to finance is one of themany unique value propositions under the Access Bank’s W Initiative. Tracy Batta, co-founder, SmoothieExpress and a W Power Loan beneficiary recently emerged onForbes Africa’s 30 under 30 list.Tracy Batta co-owns Smoothie Express, a healthy focused brand known for providingconsumers with healthy fast foods. Prior to her recognition under the 2020 class ofForbes Africa’s 30 under 30, Tracy was recognized under Business Day’s Top100Fastest Growing SMEs. She has since grown to become a household name in Lagos. Since its launch in 2018, the W Power loan has impacted the businesses of growing female entrepreneurs with N14bn for expansion whilst seeking opportunitiesand exposure to the global market.Speaking on the impact of the W Power Loan on female owned businesses, AdaUdechukwu, Head, Women Banking at Access Bank says, “Ensuring access toaffordable finance for SMEs and opportunities to access new markets is anintegral part of Access Bank’s economic ecosystem for SMEs. Since theintroduction of the W Power Loan, more women can now sit at the helm ofentrepreneurial affairs and grow their businesses to be internationallyrecognized.
Westrengthen female-owned SMEs in Nigeria by being a pillar forthem to lean on for growth and expansion”.Access Bank’s support for female-owned home-grown businesses is undeniable andthis is evident in the resultant benefits from its discounted financing initiative, The WPower Loan
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