WorldStage Newsonline– A Micro-Finance Bank with seven branches in Kaduna and 10 branches in Lagos, BaoBaB Micro-Finance Bank has confirmed the disbursement of N32 billion to artisans and Small and Medium Enterprises (SME) since inception in 2009.
Chief Executive of the bank, Mr Kazeem Olanrewaju said that the loan was to ensure growth and continuity of the small businesses.
He said that the bank would continue to support SMEs in the country with business loans to ensure continuity and growth.
Olanrewaju said the bank would open new branches to enable it extend loans to more artisans and SMEs all over the country.
He said, “More branches will be opened to get closer to our 65,000 existing customers and to all the future ones.
“The bank is committed to delivering value for the sustainable benefit of SMEs, deserving families and artisans.’’
Olanrewaju said the bank had developed savings plans to encourage its clients save so that they would not live on loans forever.
“The savings plans would enable them plan towards the future and their businesses independent of loans,’’ he said.
