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, a pan-African financial institution, says it has partnered with the African Development Bank Group to improve Nigerian banks’ lending to female-owned small and medium enterprises .
Speaking at the ‘AFAWA finance series’ on Tuesday, Ngankam said women’s businesses suffer from perception because banks believe investing in female-owned businesses is very risky.The finance series is a programme under AfDB’s affirmative finance action for women in Africa initiative. According to the GCEO, one of the roles of AGF in bridging the credit gap for female-owned SMEs is assisting women in securing loans without having to provide traditional collateral like land.
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