ABOUT US
Welcome to WakaBanki
Empowering Trader Women Through Micro-credits
Our Mission
WakaBanki’s mission is to promote financial inclusion and economic empowerment among unbanked trader women in Nigeria. We understand that access to credit is a critical factor in the success and growth of small businesses. Therefore, we provide affordable micro-credits to women who often face barriers to accessing traditional financial services.
Micro-Credit Solutions
At WakaBanki, we offer micro-credits ranging from NGN 10,000 to NGN 40,000 for a two-week period. These funds are specifically designed to assist trader women with their daily restocking needs. Our flexible loan terms and manageable repayment options make it easier for our customers to access and utilize credit, helping them sustain and expand their businesses.
We Take Pride in Our Trade Women’s Unbeatable Default Rate!
We take pride in our exceptional default rate, which has consistently remained below 0.1%. This speaks volumes about the dedication and commitment of our customers to their businesses and their determination to repay their loans. We offer financial education and support to ensure that our customers understand the importance of responsible borrowing and prompt repayment.
How WakaBanki is Impacting on Trader Women and Their Communities
WakaBanki is more than just a financial institution; it’s a catalyst for change. Since our inception in November 2020, we have supported over 5,000 trader women in the Lagos area. The impact has been profound:
Our micro-credits have enabled women to keep their businesses afloat even during challenging times.
With our support, many women have expanded their stock bases, increasing their product offerings and reaching a wider customer base.
We understand the importance of education, and our financial assistance has helped sustain the education of trader women’s children.
WakaBanki’s micro-credits have provided essential support for families, ensuring they have access to basic necessities.
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