MFB sustains financial empowerment drive, takes campaign to Lafia
Baobab Microfinance Bank Limited, in a significant stride towards financial empowerment, inaugurated its second branch in Nasarawa State, located in Lafia.
The event had the presence of prominent figures and dignitaries, underscoring the importance of the expansion, a statement by the bank said. Speaking at the event Baobab Microfinance Bank’s Chief Risk Officer, Babatunde Omolere, commended Nasarawa State Government for the conducive business environment.
He emphasized the bank’s dedication to supporting industrious individuals and drew a comparison between the bank and the sturdy baobab tree, highlighting their shared commitment to providing shelter and support.
Omolere recounted the bank’s journey from its modest beginning in Kaduna to its current status with 38 branches across Nigeria. He stressed the bank’s mission to serve the financially underserved in Nasarawa, with a primary focus on facilitating business growth for those who have faced financial challenges.
He shared the bank’s achievements in Nasarawa, including over N1.5 billion in loan disbursement to about 2,000 clients in 2023 alone. He commended clients for their diligence in repayments and pointed to their testimonials as evidence of the bank’s transformative impact on the local community.
Two of the bank’s major clients, Suleiman Muhammed of Larabas Global Limited and Hayatu Ana of Ana’s Oil and Gas Nigeria Limited, were present to share their success stories.
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