Accion Microfinance Bank limited, the multiple awards winning microfinance bank enters Ogun state, the acclaimed gateway of industrialization in few days from now. The bank is set to commence operations in two locations of the state at the same time; Sango Ota and Akute.
The bank currently operates 31 branches in Lagos and had its first branch outside Lagos in Port Harcourt last year and is at the verge of opening the second branch. The bank is set to offers its variety of financial services and products ranging from savings, current, fixed deposit accounts, micro loans, asset loan, SME- small and medium enterprises loans, insurance and e- channels which will definitely lend hand to government efforts in alleviating poverty among the low income earners and people in the bottom of the pyramid and offer other socio-economic benefits to the host community.
The bank has solid shareholder investments from Accion International and three major banks – Ecobank, Zenith Bank and Citi Bank – as well as International Finance Corporation (IFC), a subsidiary of the World Bank. Since inception, it has disbursed about N 50billion easy–to-access loans to about 227 million people.
Accion Microfinance Bank limited, a leading microfinance bank in Nigeria was licensed by Central Bank of Nigeria and it started operation in 2007 with a mission of targeting the financially excluded with financial services in a sustainable, ethical and profitable manner. The bank became a national microfinance bank and licensed as such in December 2014 having met the minimum capital requirement as prescribed by the CBN.
Accion Microfinance bank looks forward to this important milestone as it heralds the delivering the ‘brighter future’ to its teeming and growing clients by economically empowering them to fulfill their business dreams.
CHIGOZIE EGWUATU
