{"id":87317,"date":"2021-10-21T07:22:51","date_gmt":"2021-10-21T06:22:51","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=87317"},"modified":"2021-10-21T07:22:51","modified_gmt":"2021-10-21T06:22:51","slug":"afdb-mtn-sign-500000-grant-to-ease-womens-access-to-finance","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/afdb-mtn-sign-500000-grant-to-ease-womens-access-to-finance\/","title":{"rendered":"AfDB, MTN Sign $500,000 Grant To Ease Women\u2019s Access To Finance"},"content":{"rendered":"
\n
The African Development Bank (AfDB)\u2019s initiative, through the Africa digital financial inclusion facility (ADFI), and Y\u2019ello digital financial services (YDFS), the fintech subsidiary of MTN Nigeria, have signed an agreement for a $500,000 grant initiative to enhance women\u2019s access to financial services in Nigeria.<\/div>\n
\n
\nThe grant from ADFI enables Y\u2019ello digital financial services to acquire insight into exclusion as a result of gender gap from a feasibility study and a human-centric design journey to attract more women into the agent business and plans are for YDFS to use this insight to expand its existing super-agent network in northern Nigeria.<\/p>\n

In a statement, the director of financial sector development department at the African Development Bank Group, Stefan Nalletamby, said the funds will facilitate the deployment of women agents in the northern part of Nigeria, where due to security issues and cultural norms, women have been disproportionately excluded from accessing finance.<\/p>\n

\u201cIt will also cover a feasibility study, human-centered design of a women-centric agent network and a pre-pilot to test the impact on the uptake of financial services by women in the Northern region,\u201d Nalletamby added.<\/p>\n

The director said AfDB, through ADFI, was delighted to support the project, furthering its work to improve the quality of life for people in Africa and contribute to the Sustainable Development Goals (SDGs) to reduce poverty and inequality, particularly relating to gender.<\/p>\n

ADFI coordinator, Sheila Okiro, said the project was selected from nearly 340 proposals sent in response to ADFI\u2019s call to support financial inclusion in Africa using digital technology.<\/p>\n

In his response, the chief executive officer, Y\u2019ello Digital Financial Services, Usoro Usoro, said: \u201cWe are committed to ensuring that every Nigerian can seamlessly access financial services for their personal and business needs.<\/p>\n

” To achieve this, we constantly seek partnerships to support the financial inclusion strategy of the federal government and the Central Bank of Nigeria. We are truly excited about this partnership with AFDB and the possibilities for advancing financial inclusion in Nigeria, particularly for the traditionally excluded segment of women in Northern Nigeria.”<\/p>\n

<\/div>\n<\/div>\n<\/div>\n
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The African Development Bank (AfDB)\u2019s initiative, through the Africa digital financial inclusion facility (ADFI), and Y\u2019ello digital financial services (YDFS), the fintech subsidiary of MTN Nigeria, have signed an agreement…<\/p>\n","protected":false},"author":1,"featured_media":87318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-87317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAfDB, MTN Sign $500,000 Grant To Ease Women\u2019s Access To Finance - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/afdb-mtn-sign-500000-grant-to-ease-womens-access-to-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB, MTN Sign $500,000 Grant To Ease Women\u2019s Access To Finance - 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