First National Bank

About First National Bank:

First National Bank (FNB) is the oldest bank in South Africa and services retail and commercial customers and the broader African continent with operations in Namibia, Botswana, Lesotho, Swaziland, Zambia, Mozambique, and Ghana. FNB is growing its franchise strongly in both existing and new markets on the back of a compelling customer offering that provides a broad range of innovative financial services products and services, across its transactional, lend, insure, and invest business.

About The Program

We offer a range of solutions for our female-led businesses to help them at every stage of their business and life-cycle journey. Our product set is inclusive of banking products such as lending options as well as transactional, investment, insurance and fiduciary offerings.  We recognize that our clients’ needs are different and diverse. We package offerings that are tailored to their unique needs, leveraging off the extensive product suite we have available to our clients.

Apart from offering financial support, we also take a holistic view of the customer, and also offer non-financial support to help them start, run, and grow their businesses.

*Education – we provide access to Enterprise Supplier Development programs that help to develop entrepreneurs as well as conduct various financial literacy programs to our female-led base to upskill them and provide the necessary information at the right stage of their businesses. We also leverage our FUNDABA educational content platform which is available on the FNB App for women to upskill themselves in order to start, run and grow their businesses.  

*Access to markets – to provide a greater scope for our ladies to gain access to new markets, we provide platforms for them to meet new potential suppliers and clients via events we host, podcasts and digital media elements. We further showcase them through sponsorships we collaborate on and manage. We also have a specific women-owned business badge on our digital marketplace which identifies those businesses as women-owned so that anyone engaging on our platform knows they are buying from a women-owned business, and it is also a great marketing tool for our clients. 

*Access to networks – we create events and opportunities for women to connect, share and engage via the various events and sponsorships/collaborations and organizations we work with and always use women-led businesses as vendors, speakers, and collaborators to help showcase them and their businesses. 

*Sponsorships – we are intentional about the organizations we work with to help grow, support, and encourage women-owned businesses in every stage of their life journey and it’s not just about financial support. 

*CARE – through our CARE teams we offer the ability to give back and contribute to the society in which our female-led businesses operate. Examples are GBV homes where we provide GBV kits and financial literacy training, Early Childhood Development centers where we help with education and sustaining the creches, and various other initiatives that all contribute to community sustainability.

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Equitas

Equitas Small Finance Bank is one among the 12 Small Finance Banks in India, which was granted banking license by RBI to specially focus on the underserved and underbanked segment of India.

The Bank has more than 25,000 Crores of Advances and Deposits with its business presence spread across 18 States and Union Territories. The Bank is operating with 900+ banking outlets across India and with more than 20,000 people employed across various functions.

About Equitas

Equitas started its journey in the year 2007 as a Micro Finance Company Head Quartered in Chennai, India. In the year 2016, the Bank has commenced its operation as a banking unit. It has started with its objective to bring the unbanked and underserved segment into the formal financial sector. With the aim to serve the aspiring entrepreneurs and small scale business owners, major of the Bank’s loan products in Micro Finance segment are more targeted towards Loan against Property for Small Scale Business Owners, Commercial Vehicle finance, Affordable housing finance, MSE loans for the MSME segment of India and NBFC financing etc. Focusing on women customers who aspire to become self-sufficient and financially independent, the Bank primarily offers income generating loans to Self-Employed Women group. Majority of the Bank’s deposit customers are mass affluent representing from metro and tier-1 cities.

About Your Program

For Equitas Small Finance Bank, Financial Inclusion is one of the key parameter since its inception. In line with its goal, the Bank has many products that are exclusive for women and has immensely helped women customers. Bank’s micro finance loans which are Joint Liability group loans has majority of its customers as women. These loans are provided to underserved women to ensure that they can be included in the formal financial system and can become financially independent. The women borrower of this loan engage in home scale business with the help of the loan. Bank also has exclusive saving account for its women customer named ‘Eva’ which comes with many exclusive benefits associated with it. The Bank is also looking to launch women exclusive credit card and exclusive loan to MSE with the ambition to create future women owners.

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