By Providence Obuh

Accion Microfinance Bank (AMfB) is targeting micro entrepreneurs and low income earners in Port Harcourt (PH) Rivers State with a viewing to expanding beyond Lagos. The bank with about 20 branches in the south west region has been operational since inception in 2007.

In a statement from the bank, the opening of a new branch in PH near Mile One Market further emphasizes its mission to economically empower micro-entrepreneurs and low income earners by providing financial services in a sustainable, ethical and profitable manner thus improving the socio-economic well-being of Nigerians and also demonstrating the bank’s commitment to financial inclusion in the country.

The bank added that it is expanding across the country to further provide professional financial services to customers mainly in the lower strata of society who are unbanked or do not have access to regular banking services.

According to MD/CEO AMfB, “We have consistently transformed our customer’s businesses by giving them easy access to loans and other financial services. This is the value we bring to the Port Harcourt. We will continue to serve our customers to give them a brighter future.”

She further added that the expansion plan for the bank is in realisation of the bank’s national expansion programme.

Meanwhile, the bank has disbursed over N38.5 billion loans to over 36,000 customers since inception, with a current customer-base of over 168,000 and a fully paid-up share capital of N1.205 billion as at December 2014, as well as total assets of over N3.06 billion in the same year.