Mainstreet Microfinance Bank said it remains committed to enabling small and medium scale enterprises (SMEs) gain access to credit that will help them build profitable businesses in Nigeria.
This is as the MFB, an offshoot of the defunct Afribank marks ten years of doing business in Nigeria. As part of the anniversary celebration, the bank organised an anniversary dinner which brought together old and new customers of the bank as well as shareholders, to celebrate.
Adegbami Adegoke, managing director, Mainstreet Microfinance Bank commended the board of directors and members of staff of the bank for their dedication to the growth of the bank over the years. Apart of the bank’s achievement is receiving a “Bbb” rating in 2018 from Agusto, a renowned banking sector rating agency.
Mainstreet microfinance bank, with its headquarters located on Broad Street Victoria Island, has expanded its business to several parts of Lagos including branches at Yaba, Mushin, Bariga, Idumota, Kosofe, Lekki, Ikorodu, Epe and Ikotun.
In a statement sent to BusinessDay, the bank attributed its success to its superior banking product offerings. These include retail banking products which are corporate and individual accounts, target savings accounts and accounts that help entrepreneurs and parents save toward big business and family goals.
The bank also gives loans to help small and medium-scale their businesses, personal loans and education financing loans among others. Other innovative products and service offerings offered by the bank include Card services, instant money transfer, USSD services, mobile banking solutions and internet banking.
One of the week’s highlights of the one-week celebration was a high energy walk from Onikan to the bank’s headquarters located on the popular broad street in Lagos Island. It was tagged ‘Walk for Improving Loves and businesses.
Showing their appreciation, the bank’s customers showered praises on the bank and its management for their support and reliability over the years. Speaking in an interview, the Chairman of the National Union of Teacher (NUT) Lagos chapter Comrade Adeshina Adedoyin, commended the bank for being a pillar of support for its members over the years.
“The quality of the lives of our members has improved a lot as a result of our partnership with Mainstreet microfinance bank. We now have access to loans to execute personal projects and access other business opportunities” he said.
