MSMEs laud Polaris Bank over fashion initiative

Some business owners have hailed Polaris Bank for its support of their businesses through the just concluded Fashion Souk.

In a statement issued on Tuesday, the financial institution said that its commitment to supporting MSMEs motivated the recently concluded two-day Fashion Souk, which was held in Lagos.

The Fashion Souk provided a platform for the gathering of fashion enthusiasts and businesses within that sector while Polaris Bank emphasised customer satisfaction by ensuring an exciting fashion experience with operational POS machines and seamless transactions via its VULTe app.

A goldsmith and the owner of 2groom Handsmade, Ijeoma Okolo, hailed “Polaris Bank for supporting MSMEs’ growth.”At the Souk, Okolo showcased her jewellery line, featuring Nigerian-sourced gemstones.

Another participant, Adegbaye Adewale, who is the founder of KIJIPA, described the Souk “As an amazing platform for certified fashion entrepreneurs,” and commended Polaris Bank as a “Smart Bank” for identifying with the fashion sector to grow it.  During the two-day event, a business pitch was held which led to the emergence of three outstanding businesses from the shortlisted 73 participating firms.

The eco-friendly Man ‘n’ Queens from Ibadan secured the grand prize of N1m, the first runner-up, Hozy Dare Clothing, got a grant of N500,000, and the second runner-up, Il’ese, received N250,000.

Speaking at the grant presentation, Polaris Bank’s Chief Digital Officer, ‘Dele Adeyinka, said, “These prizes reflect Polaris Bank’s commitment to MSME growth, and we will continue, as a bank to support and provide opportunities for entrepreneurs and businesses to scale.”

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