Access Bank, Nigeria’s largest bank by means, has unveiled its ‘ Switch to Solar by Access’ campaign to offer affordable backing openings to businesses and customers to borrow a cleaner and further dependable source of electricity through solar photovoltaic( PV) and batteries.
Unveiling the crusade, Group Head, Consumer Banking, Njideka Esomeju said, “ In alignment with our commitment to social responsibility and sustainable development, Access Bank Retail banking aims to promote cleaner energy results within our communities.
“ Feting the critical part that renewable energy plays in reducing carbon vestiges and fostering environmental sustainability, we’re launching a targeted action to grease the accession of solar power products through flexible backing options with the Switch to solar product.
“ We launched the action, which ensures that each ménage can have solar energy, first of all, to reduce costs for them, give clearer energy and the product will be financed by the bank. ”
She stated that in icing this, the bank is in collaboration with credited merchandisers across the country that are dealing solar products. “ We’re uniting with them to insure that these are gotten at a good rate. We aim to insure that all homes, marketable businesses and artificial manufactories are powered by solar. ”
Regional Deals Director, Access Bank, Bolarinwa Animashaun said the switch- to- solar was born grounded on engagement with guests of the bank. “ We demanded to help them to give indispensable ways to power their operations. We all know the cost of the tariff of electricity, ” he said.
The functionary said being a global brand, the bank is contributing to the Economic, Social and Governance( ESG) seventh thing that was espoused by the United Nations. The solar product can be acquired without pressure to guests and payment can be made over a period of 48 months.
Group Head, W Initiative, Access Bank, Abiodun Olubitan noted that the fiscal institution is considering women and women- led businesses in penetrating the product. She added that the bank’s commitment towards gender commission is to inspire, connect and empower women.
“ The product will be given to women at a blinked interest rate as this will enable them to run their businesses on any scale that they want.
“ We’re trying to insure that this product is also deposited to women’s reach. The beauty of it’s that we are n’t just icing that we’ve a clean terrain, this is also our way of empowering women. ”
Olubitan stated one of the major target requests for switch- to- solar is underserved, saying that this population is presumably 60 per cent of women.
Head, Consumer Lending, Access bank, Thelma Luke Nwoye said the ideal of the crusade was to “ to take this mindfulness in collaboration with our mates to the doorstep of every community around us, one existent at a time and one cluster at a time. ”
“ We also plan to educate people about the benefit of solar energy and its impact on environmental sustainability. We’ll finance the entire solar products, right from panels, inverters, batteries and installation. ”
She added that the crusade was veritably important because it speaks to sustainability, social impact and furnishing finance for individualities or guests where they can buy and pay over a period of 12 months to 48 months.
Switch to Solar by Access crusade will enable businesses to pierce up to N50 million and individualities N10 million for the backing of Solar Photovoltaic( PV), Batteries & inverters along with installation.
