Breastfeeding offers many health benefits but in Nigeria, it’s not always seen as an economically smart choice. Formula can consume up to 34% of household income, yet exclusive breastfeeding rates remain low due to stigma, social pressure, and lack of workplace support.Herconomy introduced Breastmilk Money, the first savings account that offers interest on breastfeeding. Within the Herconomy app, mothers enter their baby’s age, choose intake levels based on WHO guidelines, and select a formula price range based on national market data. The app calculates how much they save by not buying formula, and that amount is automatically transferred monthly into a sub-account earning 14.3% interest, a figure reflecting the cognitive benefit linked to breastfeeding.The product helps mothers invest in both their children’s development and their own financial futures, turning a personal health choice into a long-term asset.
Herconomy is Nigeria’s first digital bank designed for women. Breastmilk Money is a sub-account product created in collaboration with Herconomy to offer mothers a financial benefit for breastfeeding, turning care into capital.
The ad "Breastmilk Money" by Herconomy, created by Serviceplan Group in 2025, introduces a pioneering bank account aimed at empowering Nigerian women, particularly mothers. The commercial showcases a warm, community-driven narrative with visuals and dialogues from medical experts and mothers. The focus is on breastfeeding and how it can translate into economic benefits through the Herconomy digital app. Women using the app can calculate and save the costs they would otherwise spend on formula, storing the savings in a special account accruing a 14.3% interest rate. This mirrors benefits associated with child development through breastfeeding. Scenes illustrate mothers interacting with the app, the emotional empowerment, and support provided by such an innovation. It concludes by promoting self-sustained financial security, fostering both economic and social change. It highlights impactful statistics and endorsements from global organizations like the WHO and UN Women, underscoring the product’s significance in transforming both individual lives and the broader community.