Kolomoni Microfinance Bank has awarded grants to five female entrepreneurs to boost their businesses, as part of its commitment to promoting women in business.
The initiative, organized to mark International Women’s Day, was themed “Accelerate Her Growth.”
According to the bank, the decision to support women was inspired by World Bank data, which shows that 41 percent of Nigeria’s micro-businesses are owned by women.
The winners were selected after sharing their entrepreneurial journeys and presenting business proposals for financial assistance from the bank.
Delivering the keynote address, business strategist Ebun Akinwale emphasized that entrepreneurship requires resilience, creativity, and passion.
She illustrated this by recounting her own business challenges and highlighting the critical role passion plays in overcoming obstacles.
Read Also: One year after Attah’s mining Marshals, by Alake, others
The event underscored Kolomoni’s mission to empower women and support small businesses in Nigeria.
Other Speakers were Odunayo Oyebolu, a seasoned entrepreneur; Victori Ajiboye, a marketing strategist with global experience; and Simi Ojumu, a finance expert.
The beneficiaries said the financial support was a validation of their hard work and a boost of confidence toward scaling their businesses.