Baobab MFB Sustains Financial Empowerment Drive With Lafia Branch Opening

Baobab Microfinance Bank, in a significant stride towards financial empowerment, inaugurated its second branch in Nasarawa State, located in Lafia.

The event saw the presence of prominent figures and dignitaries, underscoring the importance of this expansion.

Speaking, Baobab Microfinance Bank’s Chief Risk Officer, Mr. Babatunde Omolere, praised Nasarawa State’s conducive business environment.

He emphasized the bank’s dedication to supporting industrious individuals and drew parallels between the bank and the sturdy Baobab tree, highlighting their shared commitment to providing shelter and support.

Omolere recounted the bank’s journey from its modest beginnings in Kaduna to its current status with 38 branches across Nigeria. He stressed the bank’s mission to serve the financially underserved in Nasarawa State, with a primary focus on facilitating business growth for those who have faced financial challenges.

He proudly shared the bank’s achievements in Nasarawa, including over N1.5 billion in loans disbursed to about 2,000 clients in 2023 alone.

He commended clients for their diligence in repayments and pointed to their testimonials as evidence of the bank’s transformative impact on the local community.

Two of the bank’s clients, Alhaji Suleiman Muhammed of Larabas Global Limited and Alhaji Hayatu Ana of Ana’s Oil and Gas Nigeria Limited, were present to share their success stories. They expressed profound gratitude for the pivotal role the bank played in revolutionizing their businesses.

Muhammed spoke passionately about the bank’s support in expanding Larabas Global Limited’s operations and providing essential financial resources for its success in a competitive market.

Ana echoed similar sentiments, praising the bank’s efficiency and user-friendly services. He encouraged fellow businessmen, market women, and those seeking financial support to partner with Baobab Microfinance Bank and elevate their businesses.

With a track record of satisfied clients and a resolute commitment to financial empowerment, Baobab Microfinance Bank stands as a beacon of hope for entrepreneurs and individuals striving for financial stability and growth in Nasarawa State. This expansion offers the state a golden opportunity to tap into the transformative potential of the bank for a brighter economic future.