Accion MfB disbursed N17bn to customers in five months – MD

Taiwo Joda, MD/CEO, Accion Microfinance Bank, has disclosed that the bank disbursed over N17 billion in loans to help its customers grow their businesses within the first five month of the year 2022.

“In the last 15 years the bank has disbursed N192 billion in loans to 604,000 customers. This year alone, we have disbursed over N17billion to our customers”.

He made the disclosure at the former opening of its new head office in Lagos on Wednesday 1 June, and further disclosed that the demand for loan has been growing just as the customer base continues to grow.

“We also want to use the opportunity to thank our stakeholders and our creditors who believed in us and make funds available for us to give to our teaming customers”.

Speaking on the bank’s growth trajectory, Joda said that the bank plans to introduce new products and services to meet clients demand, and will continue to look for new ways to serve customers digitally in order to meet them at the point where they require microfinance services.

Read also: Accion MfB grows e-channel usage by 75%; Joda

“For Accion Microfinance Bank, it’s always about the customer. And what we now want to do is to improve on our service delivery by creating a fast, efficient and very convenient service for our customers and would-be customers by leveraging on technology and digital initiatives.

“It feels very great. It feels great. We’re happy that we’ve remained very strong; we’ve been able to sustain our progress. We’ve been able to sustain successes over the years. And looking back in the last 15 years, I think the greatest achievement for us and the greatest job in the many lives that we have touched, bringing them out of poverty, pushing them into prosperity,” Joda said.

Patrick Akinwuntan, pioneer chairman of Accion MfB (2007-2019), said the bank is celebrating excellence by touching the lives of Nigerians for the past 15 years.

According to him, the bank is strong in digital financial services, and very strong in governance. “Accion is the leader in the microfinance industry”.

John Fisher, board chairman, Accion MfB, said the bank owes its successes to the customers who have been with the brand since 2007 till date.

“We really owe everything to our customers; to the micro entrepreneurs who are dynamic, growing their businesses, trying to make their families better. Trying to make their lives better and we’re very happy to be able to support them in that journey.

“We’ve been around for 15 years, and the inauguration of this business is really a testament to our ability to stay on for 15 more years into the future serving micro entrepreneurs all across Nigeria,” Fisher said.

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