Uniuyo Microfinance Bank (MfB) has launched a loan – WashLoan – as part of its commitment to improving sanitation and hygiene for residents in the university community.

The launch of the loan by the MFB, in partnership with Water-org and the National Association of Microfinance Banks (NAMB), the umbrella body of all MFBs in Nigeria, was held last Thursday at the university in Uyo, Akwa Ibom state.

Speaking at the event, the Managing Director of the MFB, Dr Millicent Idiong, said access to clean water and proper sanitation is not a luxury but a basic human right.

He lamented that the right is out of the reach of many households, schools and small businesses.

While thanking Water.org and NAMB for partnering with the microfinance bank to expand access to safe water and sanitation in the tertiary institution, Idiong explained that the partnership aligned with the bank’s mission as a development-focused financial institution.