To Mrs. Mary Adeosun, a resident of Akindiya Street, Agege, Lagos, on a particular Sunday, Lagos experienced a heavy rainfall leading to serious flooding, washing away all stock. According to Adeosun “since that time I had been unable to sell more than one bag of garri and rice which generates less than N15,000 a month.” As a member of a group known as “Little by Little”, she and nine other members of her group were able to access N40, 000 each in the Bosak Trade Loan in August 2011.  She said, ”we thank God for your bank, now I sell more than five bags of rice, beans, maize and make up to N25,000 in profit every month. The business we are involved with is about money, the more money you have the more bags you are able to purchase in bulk for sale at a higher profit. We hope to graduate up to your maximum loan band to N200,000 in the long run so that our business can grow more than this. God will continue to bless you, so that you can be helping us.”

For Adeleye Olajumoke , 42 , of Ile-epo market in Iyana Ipaja who also was a victim of the recent flooding of Lagos Metropolis, it  is a tale of mixed blessings; her 18 year old son drowned in the Iyana- Ipaja  Pipeline canal  and she was unable to operate her provision store for two months. Because her Credit facility with our bank was availed under the joint liability group lending structure, members of the group came to her rescue making due repayment installments on her behalf and she was able to resume business again. In her words “Bosak is a God-sent bank. It is as if you taught members of Pipeline Group how to show empathy, they showed me the kind of love I have never experienced before.  Now my business is moving fine despite being absent from the market for two months. Six months ago, I started my shop with Five cartons of Indomie and some Biscuits, today I supply Indomie to most of the retailers here, selling almost 200 cartons weekly and that is because we get the loan you give to us on time. When the marketers come from the manufacturers, they always meet cash and that gives them confidence to always give us our supply ahead of other competitors in addition to extending credit. We continue to pray that your bank grows from strength to strength, because that is how we too can grow. When the tree is at rest, the bird on it too will be at rest.” Continuing, Adeleye attributed the success of her business and that of her group members to the saving culture encouraged by our bank.

Commenting on how the level of the bank’s sophistication has positively impacted on customers and helped them in planning their finances, Joseph Odo ,45, Automobile spare-part dealer in Jankara Market, Kollington, Lagos, said: “One thing that makes us happy in this market as your customer is that whenever we give your Loan Officers money they record it with their POS and we get transaction alert  immediately. With your phone you can know how much you have in your account when you go and purchase goods in the market. Many times you find our people arguing with other banks as to how much they have paid them, but in your case, if any deduction is made or money is deposited in the account one will know immediately. We are all determined in this market to continue banking with you. Four months ago when you visited us for the first time you know how scanty our shops were; since we got N50,000 each from your bank, we have largely increased our stock of parts in this D-line. Other dealers close to us come and buy spare parts from us. because we always have money to buy goods from the suppliers as soon as their containers arrive. Now your bank should just try and increase the amount you are lending to us, some of us make sales of over N150,000 weekly. If you give us more money we will not disappoint the bank."