W Power Loan

The W Power loan is perfect for women in

An African proverb says, “if you strike a woman, you strike a rock”, reminding us of the power of women. That’s why we’ve created the W Power Loan, designed to close the financing gap for female owned businesses by providing access to loans and credit facilities.

It’s perfect for women operating in these sectors:
Fashion, Catering/Eateries, Manufacturing, Beauty & Wellness, Hospitality & Tourism, Education, I.T and Healthcare.

Loans are granted in two broad areas:
Term Loan: meant for asset acquisition and infrastructure upgrades, use this loan to buy machinery, equipment and all other fixed assets needed for your business.

Working Capital: use this loan to purchase raw materials or settle other daily operating expenses of the business.

Plus, depending on your type of business and its risk rating, you could access up to 100 Million Naira (One Hundred Million Naira) in loans.

Keep in mind, this loan is only available to women-owned businesses (at least 50% female ownership), managed by a woman.

  • The business must have been in operation for at least a year with a minimum annual turnover of 5 Million Naira.
  • New account-holders must have operated their accounts for at least 30 days.

Other Terms and Conditions, including credit checks may apply.

To learn more about the W Power Loan, click here for the FAQs.


Eligibility Criteria for the Power Loan


Description Tier 1 Tier 2 Tier 3 Tier 4
Ownership At least 50% female ownership
Tenor 12 – 36months
Minimum years of operation 10yrs 5yrs 3yrs 1yr
Staff Strength Min. of 20 Min. of 5 Min. of 5 Min. of 2
Max Loan 100mn 50mn 20mn 5mn
Annual Turnover Above 300mn Above 100mn-300mn Above 10m – 100m 2m – 10m
Equity Contribution 20%



Legal Mortgage

All Asset Debenture and Credible Guarantor  plus Post-dated cheques Credible Guarantor plus Post-dated cheques Credible Guarantor plus Post-dated cheques or Cash flow lending methodology
Scope of Facility
  1. Term loan for Asset Acquisition and Infrastructure Upgrade
  2. Time Loan: Working Capital, Invoice Discounting, Purchase of Raw Materials, Stock in trade.

Interest Rates

Female Shareholdings (in %) Applicable rate (per annum)
50% and above 15%
30 – 49% 2% less than market rate
20 – 29% 1% less than market rate


If you are interested and eligible for the W Power Loan, please fill the form below;

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