To boost female entrepreneurship and economic empowerment in Nigeria, Autochek Africa, the leading automotive technology company, partnered with VFD Microfinance Bank to provide Nigerian women with easier vehicle access, facilitating their business ventures and promoting economic growth.
The collaboration between Autochek Africa and VFD Microfinance Bank comes at a time when women-owned businesses in Nigeria are significantly increasing, yet still facing substantial barriers to accessing finance.
The initiative is breaking down these barriers by offering favorable financing options tailored to the needs of women entrepreneurs. Chief Operations Officer, Autochek Africa Marketplace, Mayokun Fadeyibi, said: “Autochek's partnership with VFD Bank enables female-led businesses by providing means to enhance their business operations, broaden their market reach, and significantly contribute to the country's economic development.”
General Manager, Business Banking and Partnerships, VFD Microfinance Bank, Yonodu Okeugo, reiterated the bank's commitment to empowering businesses and individuals, saying: “This partnership aligns perfectly with our mission to provide businesses and individuals with the financing needed to purchase vehicles and upscale. This will help them reduce financial constraints and increase cash flow, leading to accelerated business growth.”
