Baobab emerges MSME MFB award

Baobab Microfinance Bank has emerged the Micro, Small and Medium Enterprise (MSME) Microfinance Bank of the Year at the 2021 Banking and Financial Institutions Awards (BAFI), which was held in Lagos.  Baobab MFB won the award in recognition of its efforts towards offering tailored-made financial support to MSMEs in Nigeria. BAFI Awards organized by BusinessDay […]

Baobab Microfinance Bank has emerged the Micro, Small and Medium Enterprise (MSME) Microfinance Bank of the Year at the 2021 Banking and Financial Institutions Awards (BAFI), which was held in Lagos. 

Baobab MFB won the award in recognition of its efforts towards offering tailored-made financial support to MSMEs in Nigeria.

BAFI Awards organized by BusinessDay Media has been running since 2002 and is adjudged one of Nigeria’s most rigorous and prestigious award ceremonies for the Banking/Financial sector.

Speaking on the award, Managing Director and CEO of Baobab Nigeria, Dr. Kazeem Olarenwaju said the strong demand for the bank’s products and services by MSME in Nigeria is being rewarded; saying, the bank has invested heavily in making access to loans easy for customers.

He said, “Our goal is to become the number one Microfinance Bank in Nigeria and Africa and that is why we are constantly building our capacity, technology, and products to provide relevant and unique financial solutions for Micro and SME businesses. We are aware the expectation of the award is for us to do more; we are poised to unleash the potential of all willing entrepreneurs in Nigeria.”

Baobab MFB Nigeria had recently bagged the International Standard Excellence Award as the most reliable SME Support Bank for 2021 by the World Quality Alliance.