An initiative to ensure financial inclusion, and access to savings and loans has been launched for women-owned businesses and other vulnerable persons involved in Small and Medium Scale Enterprises (SMEs) in Abuja.
The innovation known as Kowgo application, was powered by the Women Arise Development and Humanitarian Initiative (WADHI) and version 2.0 sponsored by the HHH Alumni Impact Award Grant.
It was gathered that the application which is accessible on google play store is designed to enable women business owners and SMEs access loans and keep business records.
Speaking during its official launching at the ACCI arena, along Abuja Airport Road, at the weekend, the ACCI President, Dr. Al-Mujtaba Abubakar, said the Kowgo application would help women via digital applications at their market and revolutionalise how women do business.
DAl-Mujataba, who noted that the initiative is a partner in progress with the ACCI, explained the application would facilitate wider content to the outside world.
Also, Chief Executive Officer, Nigerian Export Promotions Council, Segun Awolowo, who was represented at the event, noted that the council is ready to work towards successful deployment of the application into the market space.
Similarly, the Commonwealth Women Business Network team that joined virtually also lauded the innovation, acknowledging it is a testament to increasing roles played by women in the society.
The commonwealth team added that women are fast rising around the world, showing resilience, saying that Kowgo app is an audacious action and a big development in the society.
On her part, WADHI Convener, Esther Eghobamien Meshelia, promised to work constantly round the clock to ensure more incorporation for women and women businesses, as the application encourages financial inclusion and ensures market access.
According to her, “WADHI is aimed at accelerating socio-economic growth through empowerment of women, girls and vulnerable groups.
“The initiative was established to help provide appropriate platforms and management systems that support, harness and expand development opportunities that enable beneficiaries to progressively grow their entrepreneurial capacities.”
Other speakers at the event ranging from foreign embassies, traditional leaders, corporate sector leaders, to government agencies, among others lauded the initiative while promising support for efficient utilisation of the innovation.