Z-Woman Zenith Bank is a business package focused on empowering female business owners. This is purely women empowerment Zenith Bank introduced as Z-Woman geared toward growing their SME sub-sector and diversifying their customers.
Z-Woman account holders stand a chance to enjoy loans of up to N10 million at a single-digit interest rate, free digital skills training, and free exhibition stands at Zenith Bank events and many other benefits which will help them grow their businesses and increase sales.
More information about Z-Woman Below
Eligibility – Female owned businesses with shareholding of 55% and above.
Purpose – Business expansion ( Working capital requirement, Purchase of Raw Materials, Raw Materials & Infrastructural upgrade)
Sectors – Beauty/Style, Confectionery, Fitness, Agriculture & Others
Rate – 9%p.a
Maximum Loan Amount – N10M
Loan tenor – 12 to 24 Months
Repayment – Monthly or quarterly repayments in line customer’s cash flow from sales/collections into account with Zenith Bank
Management fee – 1%
Eligibility – Female owned businesses with shareholding of 55% and above
Security – Acceptance of the BVN covenant, Personal guarantee of customer, Positive Credit Checks
Features of Z-Woman Business package
- Loans up to 10 million Naira at single digit interest rate
- Free digital skills training
- Free exhibition stands at Zenith Bank events
Purpose of Z-woman Zenith Bank Business Package
According to the Group Managing Director/ Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu, Z-Woman offers women the opportunity to enjoy a partnership with the Zenith Bank brand as the name Z-woman implies. The Z-Woman account is designed to address the unique needs of women-owned businesses and offer them unmatched services that empower them to achieve more.
The bank’s commitment to world-class service standards has led to several product innovations over the last couple of months including the “Zenith Timeless Account”, which allows Nigerians aged 55 years and above bank for free, the “Zenith Save4me”, a high-interest target savings account and “Dubai Visa Service” on the Zenith Internet Banking Platform, which offers convenient application and payment for visas to Dubai.