The Strategic Outreach Support, a tax-exempt organisation in collaboration with top financial institution, Zenith Bank, has empowered over 500 unbanked women in Dutse/Bwari Area Council in Abuja.
According to a statement made available to our correspondent on Friday, the reach-out programme tagged, “Market Women Support Fund Initiative”, allows the provision of funding to market and local women traders to complement the ease of doing business.
“Over 500 women including food vendors, retail provision sellers, and farm produce traders became beneficiaries of the Market Women Support Fund – MWSF powered by the Strategic Outreach Support in partnership with Zenith Bank.
“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.
