In its bid to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has launched Yanga Account, a new retail product designed to deepen beneficial impact on Micro Small and Medium Enterprises, MSMEs operated by women in the mass market retail space.
As a product targeted to boost the Nigerian women entrepreneurs, the initiative was intended to create Yanga Experience, from promoting the business, capacity building to health insurance scheme for Yanga Account holders.
A statement by the Bank said that the benefits for signing up to Yanga Account are summed up as ‘The Yanga Experience’. This means that as we target every woman in the mass-market retail space, the Yanga account holders will enjoy many benefits including stress-free savings and investment, access to the services of dedicated Sales Agents, Agency Banking services close to the location of their businesses, special business seminar and training on how to grow business, access to microloans, customized debit cards and other bundled e-banking products.
Speaking at the launch of the product in Abuja on Tuesday, the Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun stated the “Yanga Account is being launched as a bold attempt to directly cater to women and their respective businesses.”
The Unity Bank Boss, therefore, asserted that the Account “is open to all market women in farming, fashion design, tailoring, frozen food, pastry and baking, cosmetics, jewellery designs and making, skincare, eateries and restaurants, etc. whether living in the communities or cities.”
“Yanga Account is conceived and designed for the financial literacy and empowerment of Nigerian women. It is about making sure that our women who make up 55% of the financially excluded Nigerians have access to basic and life-changing financial services.”
Recent research by Enhancing Financial Innovation & Access (EFInA) has shown that “Women need economic opportunities if countries are to realize the full potential of their human capital. Financial inclusion can benefit individuals, families, and businesses, supporting key outcomes such as GDP growth”.
Speaking further, Somefun said: “The Yanga account will also be incorporating an affordable Health insurance scheme not only as a part of the product bouquet underpinning the Bank’s belief in health and wellness which translate to wealth creation but also to drive insurance penetration which is presently at 2% in Nigeria. We, therefore, believe that this will provide essential ingredients to growing a business as well as adding greater value for Yanga account holders.
“At Unity Bank, through products like Yanga Account, we continue to align with the vision of the Central Bank of Nigerian and the financial services ecosystem to provide needed support for Nigerian women by enhancing access to wealth-creating opportunities in the financial services sector”.
Also, speaking, Group Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Funwa Akinmade said: “the official launch of the Yanga Account is an extremely important step for us as a Bank because it is one step that brings our services closer to Nigerian women as Unity Bank makes the efforts to further expand its retail footprints in the market.
“At Unity Bank Plc, we have devoted the past few years to constantly innovating with banking solutions to enable us to drive more financial inclusiveness in different market segments, but the Yanga Account is introduced as a bold attempt to directly cater to women and their respective businesses.
“Unity Yanga is a well-packaged banking product that combines several services that most small businesses owned by women will need to become profitable. We are optimistic that Nigerian women will embrace the Yanga Account and leverage its full benefits to grow their businesses.”
❤️ Alice want to meet you! Click Here: https://telegra.ph/Official-Platform-Uniswap-Free-Gateway-11-30 ❤️
Thankyou for all your efforts that you have put in this. very interesting info .
Thank you for every other fantastic post. The place else may just anyone get that kind of info in such a perfect means of writing? I have a presentation subsequent week, and I’m on the look for such info.
I was reading through some of your articles on this website and I conceive this web site is real instructive! Keep on putting up.
I’ve been absent for some time, but now I remember why I used to love this blog. Thanks, I will try and check back more frequently. How frequently you update your site?
I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thx again
Wow! Thank you! I constantly wanted to write on my website something like that. Can I include a portion of your post to my website?
I have recently started a website, the information you provide on this site has helped me greatly. Thanks for all of your time & work.
certainly like your web site but you need to check the spelling on quite a few of your posts. Many of them are rife with spelling issues and I find it very bothersome to tell the truth nevertheless I’ll certainly come back again.
Wonderful site. A lot of useful information here. I’m sending it to some friends ans also sharing in delicious. And certainly, thanks for your sweat!
I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to construct my own blog and would like to know where u got this from. thanks a lot
Just wanna comment on few general things, The website design is perfect, the content material is really great : D.
I do agree with all the ideas you’ve presented in your post. They are very convincing and will certainly work. Still, the posts are too short for beginners. Could you please extend them a little from next time? Thanks for the post.
Admiring the time and effort you put into your blog and in depth information you present. It’s awesome to come across a blog every once in a while that isn’t the same unwanted rehashed information. Excellent read! I’ve saved your site and I’m adding your RSS feeds to my Google account.
I like what you guys are up too. Such smart work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my site 🙂
Just a smiling visitant here to share the love (:, btw great design. “Better by far you should forget and smile than that you should remember and be sad.” by Christina Georgina Rossetti.
I have read some good stuff here. Certainly price bookmarking for revisiting. I surprise how a lot attempt you put to create any such wonderful informative web site.
Respect to op, some great information .
Well I really liked studying it. This tip provided by you is very useful for accurate planning.
Wonderful blog! I found it while searching on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Appreciate it
Great blog you have here but I was wanting to know if you knew of any community forums that cover the same topics talked about here? I’d really love to be a part of group where I can get advice from other experienced people that share the same interest. If you have any suggestions, please let me know. Many thanks!
Thank you for another informative website. Where else could I am getting that kind of information written in such an ideal method? I’ve a mission that I’m just now operating on, and I have been on the glance out for such info.