• Saturday, April 13, 2024
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BusinessDay

Microfinance bank rebrands Olive Agric Account in Lagos

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The Managing Director, Olive Microfinance Bank, Eniola Agbesoyin, has urged customers to expect an improved “Olive Agric Account product’’ in the market soon.

Agbesoyin told the News Agency of Nigeria (NAN) in Lagos on Saturday that the bank was rebranding the product to offer better services to the people.

He assured customers that the product would be re-launched, adding that the new package was targeted at farmers who belong to associations.

The managing director said the bank had concluded arrangement with the Lagos State Catfish Association and the United Vegetable Farmers, Ikorodu, for the pilot scheme.

Agbesoyin said the product would enable farmers, through their associations, access microcredit from the bank and paid overtime.

He said that repayment period would be delayed till harvest period to ease repayment tension on the farmers.

“The improved Olive Agric Account product is aimed at bringing farmers together through their associations and access microcredit from the bank.

“What they need is little money to improve on their farming and make payment overtime, especially during the harvest period.

“We are rebranding the product and our focus is farmers, especially those involved in different kinds of farming.

“Indeed, we intend to encourage them through the new package,” he said.