Ugo Aliogo and Esther Ehoche
As part of efforts to strengthen its relationship with customers, Baobab Microfinance Bank has organised its customer day forum.
The event was also to celebrate the patronage of its customers.
Speaking at the event in Lagos recently, the bank’s Chief Executive Officer, Mr. Kazeem Olanrewanju, applauded the giant stride of the bank which has grown to 10 branches in different locations in Lagos with six branches in Kaduna State.
He also stated that the bank has helped in the removal of over 200 derelicts and unemployed graduates from the streets.
“The bank has recorded enviable success and organic growth. In 2016, over 11,000 customers had taken loans which clearly states that the bank is growing in terms of human capital development and entrepreneurial development, Baobab is in 10 African countries and they have digital technologies driving their businesses,” Olanrewanju.
He disclosed that Baobab is in 10 African countries, with digital technologies driving its businesses.
Olanrewanju also highlighted the challenges the firm had when it came came to Lagos.
According to him, N22 billion is to be disbursed this year, saying for those who have business plan, the condition to procure such facility would berelaxed.
“Baobab is a microfinance bank that is poised to deliver good banking operations to customers. It has spread into different African countries such as Senegal, Mali, Madagascar, etc,” he added.
The CEO said its management was working hard to source for cheaper funding, adding that before the end of the year there would be reduction in the interest rate.
According to him, the bank would soon launch a digital mobile app for internet transfer which would be seamless, fast and very efficient. Olanrewanju urged members of the public to bank with Baobab.