‘Take Advantage of Boabab Microfinance Bank to Grow Your Business’ 

Ibrahim Oyewale in Lokoja 

Entrepreneurs, Small-scale business owners, market women and others have urged  to take advantage of the establishment of Baobab Microfinance bank in Lokoja – Kogi State to expand their businesses. 

The Chief Risk Office of Baobab Microfinance Bank, Mr. Babatunde Omolere disclosed this while speaking at the official opening of Baobab Microfinance Bank in Lokoja, Kogi State capital.

He has described Kogi State as a conducive environment for business, stressing that Microfinance bank will uplift many vulnerable but hardworking dwellers in the State.

He explained that Baobab as tree with many branches, leaves, deep rooted roots and very strong than can survive for several years. He said the microfinance bank derived from the Boabab tree because it is a strong tree that provide shade for many things.

Omolere who went down the memory lane stated that the bank started in Kaduna with only one branch fourteen years ago.

By the grace of God, the bank has 6 branches in Kaduna, 3 in Kano and 12 branches in Lagos adding that as at today the has grown to 38 branches in Nigeria. “We are in Kogi State to open opportunities for the most financially vulnerable hardworking, businessmen and Women, ready to grow their businesses within shortest time and have been denied of financial access,” he noted.

He further explained that the came to Kogi State in February 2023, saying that the branch has over 750 clients and had successfully disbursed a total sum of N 650 million and commended the clients for their resilience in prompt payment.

Some of the Customers who commended the Bank said the Baobab microfinance bank has indeed transformed their various, saying that the coming of the bank was a blessing to Kogi State.

The Chief Executive officer, A two Z Multi Dynamics, Arize Atuegbu explained that it was an Engineer who worked on the office complex of Lokoja branch that introduced him to the bank, saying that the bank Portfolio officers asked only for his bank account and not too long he received alert for amount he requested. Atuegbu said the Baobab microfinance bank is really in Kogi and has come to stay, calling on other businessmen, market women and other vulnerable to take the advantage of coming of the bank to establish new business of their own.

Mrs. Rose Ilonah who spoke on behalf of women folks lauded Baobab micro finance Bank for putting smiles on the faces of Kogi Women. Ilonah however enjoined market women, house wives to take the advantage of the bank to grow their business to reduce pressures on their husbands.