Accion Microfinance Bank opens two new branches in Ogun State

Accion Microfinance Bank Limited, a leading and multiple awards winning microfinance bank debuts in Ogun State by the opening two branches to economically empower the low income earners and the people at the bottom of the pyramid. The bank opened the branches at Sango Otta, a popular industrial area of the state and Akute, an upcoming commercial area. The entry to Ogun State was heralded by the formal opening of the Sango Ota 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.

This is an initiative meant not just to lend hand to government efforts in alleviating poverty among the low income earners and people in the bottom of the pyramid but will also offer other socio- economic benefits to the host community” said Bunmi Lawson, the managing director of Accion Microfinance Bank, at the event of the bank recently.
Lawson emphasised that the bank’s long awaited commencement in Ogun state will further re-enforce the bank’s capacity to serve the teeming and growing customers in line with the mission ‘to economically empower micro-entrepreneurs and low income earners by providing financial services in a sustainable, ethical and profitable manner as it also envisioned to be the market leader in the provision of microfinance and related financial services, at world class standards.

The managing director also proudly expressed that bank currently operates 31 branches in Lagos and 2 in Port Harcourt. Having disbursed over N50 billion easy-to- access loans to about 227 thousand people since inception, the bank aims to grow its branches up to ten in Ogun State before the end of 2017 and aggressively make inroad into additional states this year in line with its national expansion strategy.

Adewale Osinowo, Commissioner for Finance, Ogun State who was the special guest of honour at the epic event commended Accion Microfinance bank for the enviable feat since inception in empowering the microenterpreneurs, as he was delighted to have the bank in Ogun State. He said that “this is seen as a positive step in a positive direction in a time when the government of Ogun State is developing a strong private public partnership in key sectors of the economy having identified agriculture and micro, small and medium enterprise (MSME) as the key drivers of growth, wealth creation and poverty alleviation.”

Alice Obasanjo, wife of former President of Nigeria, Chief Olusegun Obasanjo commended the board, management and staff of the bank for achieving this great feat, while encouraging traders to save with the bank.

However, she added that the benefit of the investment to the people of Nigerian can only be realized when customers receive standard and quality service. She added that it is important that the level of banking charges should be seen to be commensurate to the quality of service, striking a satisfactory balance between banking and profitability on the one hand, and the provision of good banking service to all sections of the community on the other hand.

 

CHIGOZIE EGWUATU