Suntrust Bank offers loan to female drivers
Wed Apr 14 2021 Suntrust Bank has launched the Small and Medium Enterprises (SME) Product Loan for women in the logistics business tagged ‘Women on Wheels’. The initiation, which was launched in Lagos, is a 24-month facility aimed at empowering Female Uber and Bolt drivers in Nigeria with Car Loans at a 15 per cent interest rate. The Chief Executive Officer of Suntrust Bank, Halima Buba, said the loan is an asset finance programme for female Uber drivers between the ages of 18 and 52 years. Buba further disclosed that the bank had designated N250m for the project alone. She said: “We ga...
Source: dailytrust.com