Accion MfB disburses N350bn to 500,000 customers in 20 years

For two decades, Accion Microfinance Bank has been a cornerstone of financial inclusion in Nigeria, empowering countless entrepreneurs and driving economic growth. Our 20th-anniversary celebration is not just a milestone; it's a testament to our unwavering commitment to the 'bottom of the pyramid' – those hardworking Nigerians with dreams but lacking access to capital.

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In 20 years, we have impacted 500,000 customers and disbursed over N350 billion. We are a pioneering microfinance bank looking at the bottom of the pyramid, granting access to capital for micro, small and medium enterprises.

We are proud to have disbursed over N350 billion to more than 500,000 customers, a figure that speaks volumes about the trust placed in us and the impact we've made. Our approach goes beyond mere lending; we foster relationships, analyze businesses, and provide guidance, ensuring that our clients utilize funds effectively for growth. This dedication to responsible lending and robust risk management has resulted in a remarkable repayment rate of over 99 percent.

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We saw many hardworking Nigerians who had dreams to improve their lives but were not bankable. This was exactly the reason why Accion Microfinance Bank started.

While technology advances, Accion MfB firmly believes in the irreplaceable value of human interaction. We understand the difference between an unwillingness and an inability to pay, offering support and solutions to those facing challenges. This human-centric approach, combined with our pioneering digital banking innovations, sets us apart. We are not just a bank; we are a partner in progress, dedicated to bridging the financial inclusion gap and building a stronger, more prosperous Nigeria.

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In banking, we differentiate between unwillingness and inability to pay. If somebody comes back with inability to pay, we are here for them and we help them. That is not technology primarily, but human presence.