Low risk of default and perceived judicious use of facilities by womenfolk, among others may have engendered the sudden push for women banking by lenders in the country, BusinessDay investigations have shown.
Also, banks exploring ways of tapping into earmarked local and foreign funds set aside to encourage women entrepreneurs and financial inclusion may be another incentive.
Such funds include the $7.1 million which the Financial Sector Deepening Africa (FSD Africa), EFInA’s sister organisation and a programme of the UK’s Department for International Development announced late 2013 that it will provide to Women’s World Banking, to fund a collaboration that will generate result for women, institutions that serve them and the markets they operate.