The Bank was appointed by Ekiti State Government as a Transacting Platform for the implementation of the COVID-19 Action Recovery Economic Stimulus program, a World Bank initiative to cushion the effect and provide relief to MSME’s impacted by the COVID-19 worldwide pandemic. The Ekiti State Government flagged off the grant disbursement on Thursday 6th October …
Ekiti State partners with Bosak Microfinance Bank Read More »
Bosak Microfinance Bank once again held an interactive session with the Leaders of various self-help groups in the Bank. This much anticipated events aims at appreciating Group Leaders, receiving feedback and educating them on relevant policies/ developments in the bank which will aid effective management of their groups. The 2022 Group Leaders’ Congress started on …
Bosak Microfinance Bank was recognized internationally for its contributions in the industry. The Bank was awarded Best Microfinance Banking Services Provider 2021 – West Africa by Acquisition International Magazine, a magazine that seeks to inform and shape the global corporate conversation through a combination of high-quality editorial, rigorous research, and an experienced and dedicated network …
Best Microfinance Banking Services Award 2021 – Acquisition International Magazine Read More »
Bosak MfB was acknowledged for its outstanding performance at the 7th African Quality Achievement Awards 2021. At the Merit Award Ceremony, the Bank was recognized for its landmark contribution towards the development of Microfinance Industry and the economy at large. The award was received by representatives of the Bank; Head, Business Strategy/Development and Client Management …
Bosak Microfinance Bank Ltd was recognized as the MSME Supportive Microfinance Bank of the Year at the 6th edition of the Nigeria Entrepreneurs Award. The Nigeria Entrepreneurs Award is an annual event that celebrates the achievements of MSMEs in Nigeria and Institutions that provide support to them. Partners of the annual award event include The …
In recognition of the bank’s commitment to and focus on its social mission of providing financial services to the economically active poor since 2009, Bosak Microfinance Bank has attracted the attention of foreign impact financing institutions. The bank recorded its landmark achievement of sourcing international funding by signing a loan agreement with Grupeer, a foreign …
Bosak Microfinance Bank Signs Loan Agreement With First Foreign Investor Read More »
Every year, the management of Bosak Microfinance Bank holds an interactive session with the leadership team of various self-help groups in the Bank which includes Leaders, Secretaries, and Treasurers. The Group Leaders’ Congress is a much anticipated annual event with the main objective of appreciating Group Leaders, receiving feedback and educating them on relevant policies/ …
Bosak Microfinance Bank Holds Its 2019 Group Leaders’ Congress Read More »
The Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria (FGN) in collaboration with some global development partners to address the major financing challenges facing Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria. Its objective is to alleviate financing constraints faced by MSMEs and small Corporates in Nigeria through …
Bosak Partners Development Bank of Nigeria (DBN) Read More »
Recognizing the importance of affordable access to basic health care services for the disadvantaged population, Bosak Microfinance Bank has introduced Micro-Health Insurance service to its clients. The scheme, which commenced in the 3rd quarter of 2018, has already started touching the lives of the target market. According to Mrs. Augustine Joyce, a satisfied customer of …
Bosak Microfinance Bank Introduces Micro-Health Insurance to Its Customers Read More »
The Bank of Industry recently established a relationship with Bosak Microfinance Bank Limited in its “Bottom of the Pyramid” funding initiative. By this initiative, BOI desires to reach the active poor with access to credit to grow their businesses and improve household income. Bosak Microfinance Bank Limited has commenced disbursement of loans under the scheme.
The Lagos State Employment Trust Fund, which has the mandate by the Lagos State Government to provide funding for MSMEs, appointed Bosak Microfinance Bank Limited as “Fulfillment Partner” towards extending micro credit to micro entrepreneurs. Following the partnership agreement, Bosak Microfinance Bank Limited commenced disbursement of loans to beneficiaries under the Fund. The aim is …
Bosak Partners Lagos State Employment Trust Fund (LSETF) Read More »
The Chief Executive Officer of Bosak Microfinance Bank Limited attended the 18th Microcredit Summit in Abu Dhabi, in the United Arab Emirates (UAE) which was held in Jumeirah Emirates Towers, Dubai in March 2016. At the Microcredit Summit, various Microfinance Practitioners and associated Stakeholders convene to discuss the benefits of delivering financial services to consumers …
May 18, 2016 was a memorable day which marked a partnership between Bosak MfB and Consistent Energy Limited to jointly provide alternative, safe and cost- effective power generation solutions to our teeming clients. As the Bank is wholly committed to assisting the economically active poor rise above poverty and improve their quality of life, the …
Bosak Mfb Signs Memorandum Of Understanding With Consistent Energy Ltd Read More »
Loan Officers commenced the use of Android devices on November 30, 2015. These devices were used in the field to record customer transactions real-time. This development would enable customers receive instant messages on their mobile phones immediately deposits are made, thereby enabling them monitor account transactions and loan repayment status.
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