By Providence Obuh

Accion Microfinance Bank (AMfB) penultimate week, partnered JAKIN, a Non Governmental Organisation (NGO) in realization of its 2016 edition of ‘Dress A Child For School Project.’

Dress a child for school project was established in 2010 by JAKIN as a platform for Nigeria to join the rest of the world in commemorating the International Literacy Day proclaimed by United Nations Educational, Scientific and Cultural Organization  (UNESCO) to actively mobilize the international community and to promote literacy as an instrument to empower individuals, communities and societies.

Meanwhile, AMfB presented school bags containing uniforms, exercise books, maths set, among other materials to 500 children from public primary and secondary schools across Local Government Area (LGA) within Lagos State for the 2016/2017 academic session.

In a statement, Managing Director/CEO, AMfB, Ms. Bunmi Lawson, said that the bank is not only pushing frontiers of financial inclusion, it is also supporting causes that promote human dignity and improve livelihood.

Lawson said that the partnership is triggered by its shared passion for the bottom of the pyramid population, saying, “at AMfB we believe our future is bright and we will continue to aid the effort of every well-meaning organization to ensure a brighter future for the Nigerian child, while motivating every Nigerian child to be the best they can be towards giving themselves a brighter future regardless of their humble beginnings.”

Also speaking, President/CEO, JAKIN NGO, Mrs. Adebiyi Olubukola, said that the aim of the project is to help transform and reform the young hearts.

She explained that out of the 500 beneficiaries, there are 235 males and 265 females out of which 262 are primary schools while 238 are in secondary schools of which the children cut across 104 public schools across 11 LGA in Lagos, a few from Ogun, Osun and Enugu states.

Olubukola said, “The objective of the project is to enlighten children on the essence of education and their impact on the future of our nation. It is also to empower them with basic items to aid their studies and help them function effectively in the new academic session.

“With this project, I expect that we will be challenged to make more efforts in contributing our quota into reforming these young minds in other to achieve a sustainable positive change in our communities and nation. We won’t need to complain of insecurity if we can secure the foundation of our children through investment in their literacy.

…drives national expansion plan with Ibadan office

Meanwhile, in furtherance of its national expansion plan, the bank made its debut in Ibadan the capital of Oyo State. The new branch located in Dugbe brings the bank’s operational branches to a total of 35, especially as the bank plans to launch three more branches in Molete, Apata and Bodija axis in the state before the year ends.

Speaking at the official opening of the branch in Ibadan, Lawson said that the branch represents the banks first appearance in the state.

She said that the new branch has a target market of micro entrepreneurs in the commercial based district and community of Dugbe. “The branch will re-enforce our bank’s capacity to serve our customers in line with our vision and mission to economically empower micro-entrepreneurs and low income earners by providing financial services in a sustainable, ethical and profitable manner as we envisioned to be the market leader in the provision of microfinance and related financial services, at world class standards.

“We are prepared to lead the future by finding more efficient ways to provide small businesses with the capital they need to grow. With our track records we can boldly say we are successful, so we are here to help entrepreneurs in Oyo State succeed too, by sustaining and expanding their businesses. We are here to lend hand to government efforts in alleviating poverty among the low income earners and people in the bottom of the pyramid,” she said.

The MD added that the bank has over the years consistently grown its client base from 2,531 customers in 2007 to about 250,000 customers with a total disbursement of over N53 billion. Meanwhile, Commissioner of Finance, Oyo state Mr. Abimbola Adekanmbi, commended the bank’s effort in empowering the micro-entrepreneurs’ since inception.

He described the step as a positive step in a right direction in a time when the government of the state is developing a strong private public partnership in key sectors of the economy having identified agriculture and micro, small and medium entrepreneurship (MSME) as the key drivers of growth, wealth creation and poverty alleviation.

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