LiquidCrest Marks 30 Years of Service As Licensed Bank

LiquidCrest Microfinance Bank, previously known as Owotutu Microfinance Bank, has reached a significant milestone, marking three decades of providing financial services to Nigerians. The institution has transformed from its origins as a community-based financial cooperative into a modern, technology-driven microfinance bank, now licensed by the Central Bank of Nigeria.

Founded to address the needs of underserved communities, the bank initially offered essential credit and savings solutions when formal financial services were inaccessible to many. This foundational commitment to serving the unbanked and underbanked remains central to its mission.

Ayobami Alabi, the Acting Managing Director, highlighted the bank's journey: "Our growth from Owotutu to LiquidCrest is a story of staying true to the people we serve while improving the capacity to serve them better." He emphasized that every system upgrade and product introduction is guided by the practical needs of Nigerian business owners and employees.

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Our growth from Owotutu to LiquidCrest is a story of staying true to the people we serve while improving the capacity to serve them better. Every system we have upgraded, every product we have introduced, has been driven by one question: what does the Nigerian business owner or salary earner actually need?

LiquidCrest's evolution is driven by a core mission of promoting financial inclusion, particularly for Micro, Small, and Medium Enterprises (MSMEs) that often lack access to traditional banking services. Its SME and Micro Business Loan product exemplifies this, providing loans ranging from N50,000 to N2,000,000 for individuals and up to N10,000,000 for corporate clients, featuring flexible repayment terms designed to bridge the working capital gap hindering small business growth.

"Financial inclusion is not a tagline. It is the reason this institution has survived and grown across three decades," stated Eyitayo Raufu, Head of Sales. "We have watched businesses start, stumble, and scale because they had access to the right financing at the right time. That legacy is what we carry into the next phase of this institution."

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Financial inclusion is not a tagline. It is the reason this institution has survived and grown across three decades. We have watched businesses start, stumble, and scale because they had access to the right financing at the right time. That legacy is what we carry into the next phase of this institution.