To bridge the gender financing hole for Africa’s girls entrepreneurs, Ecobank, the main pan-African monetary providers group, proclaims important enhancements to its multi-award-winning gender-financing answer – ‘Ellevate by Ecobank’.
These enhancements strengthen Ecobank’s dedication to women-owned, women-led, and women-focused companies, whereas reinforcing its market competitiveness.
The World Financial institution estimates that closing the gender hole in Africa may add $2.5 trillion to the continent’s GDP by 2025, underscoring the urgency of investing in girls – not only for social justice, however for a extra affluent and equitable future for all Africans.
In response, Ecobank’s enhanced Ellevate programme is now extra bold and inclusive, designed to handle the varied challenges confronted by girls entrepreneurs.
The programme is being prolonged to new and present Business Banking clients to incorporate new and present Shopper Banking and Company Banking clients, in addition to feminine enterprise leaders, with Company Banking clients serving as a pool of mentors.
With this enlargement, particular person entrepreneurs – together with these within the formal and casual sectors – can now absolutely profit from its enhanced monetary and non-financial options.
Jeremy Awori, Chief Govt Officer, Ecobank Group, mentioned: “We recognise and applaud the position that ladies entrepreneurs play in driving socio-economic affect throughout Africa and are dedicated to supporting them at each stage of their entrepreneurial journey.
“For the reason that launch of the Ellevate programme we now have made important progress, disbursing over $200 million in loans, offering enterprise networking alternatives, and providing management and capacity-building coaching for businesswomen.”
“As we speak, the brand new Ellevate heralds in a brand new period for gender financing. It’s larger, higher and extra inclusive, delivering distinctive worth to feminine entrepreneurs and ladies enterprise leaders.
“Enhancing our merchandise and options for ladies entrepreneurs to place Ecobank as their financial institution of selection is an integral part in accelerating the success of our Development, Transformation and Returns technique’s goals.
“It additionally helps our Group-wide goal of selling gender equality and contributing to sustainable growth.”
The worth propositions of the improved Ellevate now embody:
- Growing entry to finance with unsecured loans of as much as $50,000
- Aggressive rates of interest and beneficial collateral necessities
- Accommodating clients with a two-year observe file as an alternative of the industry-standard three years
- Serving to them to search out new clients and entry new markets throughout Africa via our modern on-line matchmaking MyTradeHub platform
- Coaching, data sharing webinars, assist and different initiatives to reinforce clients’ enterprise and management abilities
- Customised wealth administration providers
- A one-stop store to satisfy insurance coverage wants.
- A loyalty programme offering unique provides and reductions at choose retail shops and recreation centres
To coincide with the celebrations of the Worldwide Girls’s Day, our enhanced Ellevate program will probably be launched by 9 of our associates (Burkina Faso, Cameroon, Côte d’Ivoire, Ghana, Guinea, Kenya, Senegal, Togo and Zimbabwe) by the tip of March 2025.
It’s going to then be rolled-out in phases throughout all our different sub-Saharan African associates all year long.
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