Accion MfB Disburses Over N17 billion in Loans

Ugo Aliogo

The Managing Director, Accion Microfinance Bank (MFB), Taiwo Joda, has disclosed that the bank disbursed over N17 billion in loans in its bid to economically empower micro-entrepreneurs and low income earners within the first five months of 2022.

According to Joda, this is in sync with the bank’s mission to provide financial services in a sustainable, ethical and profitable manner.

Speaking to journalists during the commissioning of its new head office at Onipanu in Lagos, Joda, said the bank has continued to sustain its successes in the last 15 years, while adding that the bank’s greatest achievement is impacting customers’ lives and pushing them into prosperity.

He said: “In the last 15 years the bank has disbursed N192 billion in loans to 604,000 customers. This year alone, we have disbursed over N17 billion to our customers. Hence, just as our customer base keeps growing, the demand for loans also continues to grow and we will continue to meet the aspiration of our customers.”

When quizzed on the bank’s strategies for growth, Joda said: “We want 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. For Accion Microfinance Bank, it is 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.”

Corroborating Joda, the Chairman, Board of Directors at Accion MFB, John Fischer, said the bank owes its success to the customers who have been with the brand since 2007.

“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 have 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,” Fischer said.