Mutual Trust MFBank Launches N10m Solar Financing Offerings to Public and Private Sectors

Mutual Trust MFBank Limited, a leading and dynamic financial institution is spearheading the advancement of loans up to N10m per head to workers in public and private sectors towards the acquisition of solar panels, batteries, inverters, and clean and renewable energy equipment.

The loan dubbed “solar loan” is designed to help individuals and organizations in the public and private sectors achieve ample savings on money spent on traditional fuelling and electricity and also help reduce carbon footprints through a cost-effective alternative green energy solution.

Commenting on the Solar Loan product, the MD/CEO of Mutual Trust MFBank Limited, Mr. Josh Oyebisi, described it as “the clean energy revolution by the bank to ensure Nigerians have easy access to cost-effective solar technologies without the burden of initial high costs.”

He said: “Nigeria, like many developing nations, faces traditional energy-related challenges; from increased fuel costs due to subsidy removal to issues of power supply and the non-ecofriendly situations associated with the use of generators. Recognizing the urgency of solving these issues, Mutual Trust has stepped forward to be the bridge between innovative financial services and affordable clean energy by offering flexible and accessible solar loan solutions to individuals and organizations in the public and private sectors. We are paving the way for the future of our country to be powered entirely by clean and renewable energy.”
The bank launched the solar loan product to help reduce the impact of the economic challenges and the subsidy removal on Nigerians across the country.

In his comment, the Chief Corporate Services Officer at Mutual Trust MFBank Limited, Mr. Gbenga Adetola, said: “We understand that the initial cost required for acquiring a solar system can be a huge financial barrier for many businesses and individuals and to overcome this challenge, the bank is offering to its customers, tailored solar loan options with flexible repayment terms.”

Mutual Trust MFBank Limited stands out for its unwavering commitment to both financial inclusion and environmental sustainability.