Established in 2007, Accion Microfinance Bank has grown from having only 1 branch in Lagos to over 80 outlets in 12 states across Nigeria, making it a National bank, a feat many of its competitors are yet to achieve.
Over the last 15 years, the bank has stayed true to its mission of economically empowering micro-entrepreneurs and low-income earners by providing financial services.
Strong core values, business philosophy, and methodology distinguish the bank as one of the leading microfinance banks in Nigeria.
In May 2022, the bank celebrated 15 years of transforming lives and supporting Nigerians and Nigerian businesses with a series of activities exciting activities geared at appreciating and rewarding the bankâ??s customers.
The highlight of the events was the commissioning of the bankâ??s new head office located at 154, Ikorodu Road Onipan, Lagos. At this event, the MD/CEO, Taiwo Joda, assured guests that with this new achievement, the bank renews its commitment to creating a fast, efficient, and very convenient service for new and existing customers by leveraging technology and digital initiatives.
For 15 years, we have consistently provided support and positively impacted Nigerian businesses. .
To celebrate the 15th year anniversary, MD and staff walk through the street of Lagos in grandstyle.
The Chief Investment Officer at Accion, and Chairman of the Board of Accion Microfinance Bank in Nigeria, Mr. John Fischer, in this interview speaks about how financial institutions can aide growth post-covid, plans of his organisation and other pertinent industry issues. Nume Ekeghe presents the excerpts
What is Accion's most noteworthy strategic goals in supporting businesses globally?
While the end of the COVID-19 pandemic is in sight for some people in wealthier countries, many communities around the world
are currently facing the worst of the crisis.
Digital financial services have a critical role to play in fostering an inclusive recovery â?? helping small businesses stay open,
community pharmacies remain stocked, and families access safe places to save and borrow money. Accion is working to ensure that
low-income families and small businesses who are most affected by the crisis have access to the financial tools they need to survive,
begin to recover, and establish their financial resilience for the future.
Where are the potential areas of growth/opportunity in the Nigerian economy and how is Accion international
supporting Accion MFB and businesses to harness these opportunities?
The pandemic has dramatically accelerated the shift to digital around the world. A recent report from GSMA revealed, for example, that mobile
money accounts globally grew by 13 percent in 2020, to reach a total of more than
1.2 billion. As more businesses and transactions move online, this opens doors to security and growth for those who have long relied on cash
and in-person transactions to conduct business and manage daily life. Accion is ramping up efforts to help our partners leverage new digital
technologies to support vulnerable families and small businesses and help them build financial resilience. Through our investments, advisory services, research, and a first-of-its kind partnership with Mastercard, we are helping microfinance institutions (MFIs) like Accion Microfinance Bank leverage digital technologies to reach more clients and serve their clients more effectively.
The Woman and Half is a platform that gives women from all walks of life an occasion to network and connect with other professional. Accion MfB is a proud collaborator for this annual event targeted at supporting and empowering women.
Accion Microfinance Bank Limited held her 15th Annual General Meeting (AGM) for the 2020 financial year on Thursday, 10th June, 2021.
In keeping with the new normal, it was the second consecutive year that the AGM was teleconferenced from the boardroom of the company's head office at 322A, Ikorodu Road, Anthony, Lagos State.
The meeting presented an opportunity to review how the bank supported its customers and other stakeholders to navigate the economic challenges brought about by the global pandemic in 2020.
As part of our core value to support the next generation, Accion MfB introduced the MD of the Day, where the bank provides
an exclusive opportunity for a youngster to serve as MD/CEO for a day.
The campaign was launched to commemorate Children's Day 2021 and in the first edition, 9-year-old Yusuf Hammed in his capacity
as young CEO, presided over a management meeting and sharing his agenda for the bank. He was also given a guided-tour of the different units in the bank where he learnt about the different operations.
Accion MfB in collaboration with Nigerian Microfinance Platform and other stakeholders called for stronger collaboration among microfinance
banks (MFBs) to promote the growth of micro-insurance as a tool for deepening financial inclusion.
Making this call in Lagos at the 6th annual symposium of the Nigerian Microfinance Platform (NMP) organized by the Microfinance Learning and
Development Centre (MLDC) on 'Expanding The Frontiers of Financial Inclusion: The Micro-Insurance Option', the experts noted that MFBs are
instrumental to the expansion of micro-insurance services among the populace
In partnership with the Lagos State Ministry of Wealth Creation and Employment, and the Lagos Sate Council of Trade and Artisans, we empowered and provided financial support to members of the trade association.
The environment is our responsibility to keep. We embarked on a regional market clean up in states where we are operate in Nigeria in celebration of the year 2020: world environmental day. It was an amazing time, connecting with customers while helping to clean up. We do not only care about our customer's finances, we also care about their health and welfare
Accion MfB in collaboration with Nigerian Microfinance Platform and other stakeholders called for stronger collaboration among microfinance
banks (MFBs) to promote the growth of micro-insurance as a tool for deepening financial inclusion.
Making this call in Lagos at the 6th annual symposium of the Nigerian Microfinance Platform (NMP) organized by the Microfinance Learning and
Development Centre (MLDC) on 'Expanding The Frontiers of Financial Inclusion: The Micro-Insurance Option', the experts noted that MFBs are
instrumental to the expansion of micro-insurance services among the populace
Accion Microfinance Bank in collaboration with the National Association of Microfinance Banks - Lagos State Chapter (NAMBLag) organized a 1 day Capacity Building seminar for MDs/CEOs and deputies of Microfinance Banks in Lagos state themed: Effective Risk Management and Succession Planning for Microfinance Banks in Lagos State.
Accion MfB hosted over 500 delegates to her 3rd annual Financial Inclusion Seminar at the Federal Palace Hotel, Victoria Island, Lagos on December 11th, 2019. Theme: Re-Emerging Microfinance Banks: The Digital Reality.
Accion Microfinance Bank hosted some of our widowed customers to a luncheon, in the celebration of the International Women's Day 2019. A one year medical insurance cover worth One Million Naira was given to each of the customers.
Enhancing Financial Innovation & Access (EFInA) has announced the theme and agenda for this year's Financial Inclusion Conference (FIC 2018) which will hold in Lagos on the 6th of November, 2018 at the Eko Hotel and Suites from 8.30am.
Official Launch of Asaba Branch held on 6th September 2018. Gracing the occasion was the governor of Delta state who was ably represented by the commissioner of Finance Mr. David Edevwe. Also in attendance was the Chief Anthony Nwosa representing the Asagba of Asaba.
The 2018 Annual General Meeting held at Radisson Hotel, Ikeja on May 23rd, 2019. At the event, the 2018 annual report was unveiled. We have leveraged on technology initiatives to deliver super-impressive results in 2018, also introduced was the newly innovated QR scan card to access the e-copy of the annual report.
Accion Microfinance Bank during her 2018 annual customer forum for Lagos and Ogun state, appreciated some of her persons living with disability for their zeal to use our loan to transform their lives and do business despite thier challenges. This underscores our resolve to create positive impact and provide a brighter future by simplifying access to finance to the deserving, but undeserved communities nationwide.
The 2018 Annual General Meeting held at Radisson Hotel, Ikeja on May 23rd, 2019. At the event, the 2018 annual report was unveiled. We have leveraged on technology initiatives to deliver super-impressive results in 2018, also introduced was the newly innovated QR scan card to access the e-copy of the annual report.