The Central Bank of Nigeria (CBN), Enugu branch, yesterday announced Oha Microfinance Bank as the best performing microfinance bank in Enugu State for the 2014 financial year.
Umuchinemere Pro-credit Microfinance Bank and Ifeanyichukwu Microfinance Bank emerged second and third respectively.
The CBN Controller in the state, Mr. Patrick Okonkwo, made this known during the sensitisation/award ceremony for microfinance banks in Enugu State on Agricultural Credit Guarantee Scheme Fund (ACGSF).
According to Okonkwo, CBN chose to reward Oha Microfinance as the best performing microfinance bank in the state based on the fact that it was able to reach out to a lot of people at the grassroots level through its operations and services.
He disclosed that the aim of the annual award was to engender competition among microfinance banks so as to pave way for optimum service delivery to their clients and customers.
“It is when you reach out to these poor farmers and empower them with these loans that we can say we are running an inclusive banking system,” he said.
While thanking the apex bank for the award given to them, the Chairman of Oha Microfinance Bank, Dr. Mike Ike Okwudili, credited the great feat to the staff for their “devotion in ensuring that active rural women and poor farmers access loans to help themselves.”
He further said, “this award is a testimony to our commitment to grassroots development and reaching out to poor farmers in the rural areas, making sure the artisans have access to loan. I can say that is the area we seem to have excelled in. Our efforts are geared towards the rural women whom I can say are the engine room of the country.”
He, therefore, thanked the CBN for organising the award ceremony, as well as for its continued efforts in ensuring effective banking system in the state.
SOURCE: Sun News Online (Nigeria)
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