Accion Microfinance Bank, Nigeria’s leading microfinance bank recorded a fully paid-up share capital of N1.205 billion as at December 2013, while its total assets surpassed N3.9 billion.
The micro finance bank’s robust financial base reflects on over N21.7billion disbursed in loans to more than 110,000 customers since inception.
Accion has shareholder investment from three major banks – Ecobank, Zenith Bank and Citi Bank, as well as International Finance Corporation (IFC) and Accion Investments.
Recently, Accion Microfinance Bank demonstrated its commitment to financial inclusion with the opening of its 21st branch at Ajah within the Lagos metropolis.
Accion said opening of the new branch further enhances its mission to provide sustainable, profitable and ethical financial services with a bid to economically empower micro-entrepreneurs, low income earners and small business owners in the country.
While declaring the Ajah Branch open, Bunmi Lawson, managing director, Accion Microfinance Bank said, “We have consistently transformed our customer’s businesses by giving them easy access to loans and as well as other financial products and services. Accion Microfinance Bank is safe and secure, and we will continue to serve our customers to give them a brighter future. This is the value we bring to the Ajah community”.
With Accion Microfinance Bank formally declared open for business, several guests at the opening ceremony and residents in the immediate vicinity took the opportunity to open accounts with the bank. Officers of the bank were on hand to introduce the bank’s products and services.
Commending the bank at the opening ceremony, Opeyemi Abodunrin, Secretary-General of Eti-Osa Local Government who represented the Chairman of the local government council, said the Eti-Osa Local Government was proud to be associated with Accion Microfinance Bank as based on the bank’s track record they can attest to the credibility of the bank as an agent of poverty alleviation.
Established in 2007, Accion Microfinance Bank has a mission to provide convenient and safe financial services to small business owners, individuals and low income earners who desire to expand their businesses and improve their socio-economic well-being. Customers have easy access to various products and services which include savings, loans insurance and e-commerce.
Iheanyi Nwachukwu
