{"id":54092,"date":"2021-11-23T22:18:54","date_gmt":"2021-11-23T21:18:54","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=54092"},"modified":"2021-11-23T22:18:54","modified_gmt":"2021-11-23T21:18:54","slug":"unity-bank-targets-women-launches-yanga-account","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/unity-bank-targets-women-launches-yanga-account\/","title":{"rendered":"Unity Bank Targets Women; Launches Yanga Account"},"content":{"rendered":"<p>In its bid to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria\u2019s 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.<\/p>\n<p>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.<\/p>\n<p>A statement by the Bank said that the benefits for signing up to Yanga Account are summed up as \u2018The Yanga Experience\u2019. 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.<\/p>\n<p>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 \u201cYanga Account is being launched as a bold attempt to directly cater to women and their respective businesses.\u201d<\/p>\n<p>The Unity Bank Boss, therefore, asserted that the Account \u201cis 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.\u201d<\/p>\n<p>\u201cYanga 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.\u201d<\/p>\n<p>Recent research by Enhancing Financial Innovation &amp; Access (EFInA) has shown that \u201cWomen 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\u201d.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>Speaking further, Somefun said: \u201cThe Yanga account will also be incorporating an affordable Health insurance scheme not only as a part of the product bouquet underpinning the Bank\u2019s 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.<\/p>\n<p>\u201cAt 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\u201d.<\/p>\n<p>Also, speaking, Group Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Funwa Akinmade said: \u201cthe 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.<\/p>\n<p>\u201cAt 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.<\/p>\n<p>\u201cUnity 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.\u201d<\/p>\n<div><b>PHOTO<\/b>\u00a0<b>CAPTION<\/b>: Aisha Abraham, former Executive Director, Unity Bank Plc, Mrs. Tomi Somefun, MD\/CEO, Unity Bank Plc, Sola Sobowale, Nollywood Actress and Unity Bank Brand Ambassador, Hajiya Aisha Abdulqadir, Hajiya Yabawa Lawan Wabi, Non-Executive Director, Unity Bank, at the official launch of Yanga Account and unveiling of Nollywood actress, Sola Sobowale as brand ambassador by Unity Bank on Tuesday.<\/div>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>its bid to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria\u2019s 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<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":54093,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[7824,9226],"coauthors":[2391],"class_list":["post-54092","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-unity-bank-plc","tag-yanga-account"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unity Bank Targets Women; 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