MFB launched in Kano to empower rural dwellers

Rural residents of Kano State have been given an opportunity to enhance and empower their finances through Goldmen Savings and Credit (GSC) Cooperative Society, a Micro Finance Bank (MFB). During the launch of the facilities, the president of the society, Professor Abdullahi Ya’u said the company is a pioneering cooperative society dedicated to providing innovative […]

Rural residents of Kano State have been given an opportunity to enhance and empower their finances through Goldmen Savings and Credit (GSC) Cooperative Society, a Micro Finance Bank (MFB).

During the launch of the facilities, the president of the society, Professor Abdullahi Ya’u said the company is a pioneering cooperative society dedicated to providing innovative financial services to the over 38 million financially excluded adults in Nigeria, particularly in rural areas.

He added that their innovative services are tailored to meet the diverse needs of members, including naira savings accounts, gold-backed savings accounts, non-interest micro-credit loans, member investment accounts, financial advisory services, and member education and training.

Additional benefits include a commitment to rural development, with the cooperative ensuring that at least 80% of all loan approvals are for women and 90% for rural residents, he said.

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Ya’u said, “By prioritizing these groups, we aim to foster financial inclusion and empower those who need it most. Our prospects and community impact focus on creating a lasting impact on Nigeria’s financial landscape. We are committed to building a strong and reputable brand within the cooperative sector and the wider financial ecosystem.

“Our goal is to attract new members, advocate for favourable policies, and promote sustainable economic development throughout Nigeria.”